Slip prices aren't falling? The slip I rented two years ago at Quayside for $3,100 was recently advertised in the classifieds in this forum for $2,400. Prices held up by and large in 2008, but this year they won't be as stable. The trend is clearly down. The only positive for slip rentals is falling gas prices.
Last year on this forum we were debating whether the economy was in a recession and some folks were able to make a good case that perhaps it wasn't. This year the talk coming from every media outlet is whether the US economy is moving into a depression. While it hasn't been true for a long-time, it is certainly true today that the slip renter has the power over the slip owner. Don't be afraid to use it.
Slip owners looking to rent in 2009 will be more motivated to cut prices early. If I were you I'd give up my existing spot if your marina isn't open to reductions and then pounce on someone who is stuck with a slip in May. Winnipesaukee will feel the economic crunch this year....retirees and second home owners are especially exposed and some of them will be looking to rent slips at any price.
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