If you are think in terms of quality of boating experience or leaving it to the kids, it could be a good decision. It terms of purely a 'financial investment', I think it is probably a very poor one for most people.
You can rent a slip for a couple decades for the same financial outlay of a purchase. If you rented and invested the cash you would otherwise invest into a buying a slip into a S&P index fund or similar performer, my bet is you are way ahead of the guy who bought a slip.
Some might claim it was a great investment for them because of what their slip is worth today. They would need to compare what an equal investment in the right financial vehicle would also be worth today before they declare victory.
The answer lies in your intentions; experience and convenience or financial performance. Just my opinion.
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07-28-2014, 10:22 AM
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