Quote:
Originally Posted by Descant
You can buy or you can rent. Who is ahead at the end?
One of the great things about this forum is that everybody knows what the prices are and can move to a more economical location, or decide that it's worth it to stay put. We're a good example of how an open market should work. And, thanks to sponsors, the Forum is free. Three cheers for the Forum.
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That theory always works as long as there is availability. At some point the rack storage and boat slips max out and have no more room. Then owning a slip guarantees you a place for your boat. As a renter you may be left out. The difficulty finding a slip increases as the size of your boat increases.
The other advantage to owning is you have a voice in how the property is managed, whereas a renter does not have much input.
There have been years in the past where there were waiting lists for slips and other years where rental slips have remained vacant all season. It is all about how the economy is doing.