Boat Slip Financing

[Descant]

Originally Posted by swnoel

There's no reason that slips cost that much, except for the fact we're in the end time of a bull market for nearly everything. If it sounds crazy... it probably is.

There's some lag time--probably two years if my recollection of 2010 is right, after everything went belly up in 2008. If you financed a slip and a boat the boat goes first, and you hope tp rent the slip. But rent may be 4000 instead of 6000. In some years there are wait lists and some years there are vacancies. I note that fewer big boats are being sold, i.e. cabin cruisers, and more 'toons which are less expensive to buy and cheaper to run. We'll see. One of the great things about fresh water is the boats last a long time with less costly maintenance.