son of a son of a sailor
Join Date: Sep 2008
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Thanks, sailingdog & wchevron.
I'm looking for a spot in the Chespeake Bay, probably the western shore. Am avoiding Annapolis because of congestion and high prices. The numbers I used were only examples to illustrate the ratio idea.
I have read the post for newcomers, but the location wouldn't seem to matter to the principle of the rental/purchase price ratio. Of course slip fees are much higher in some places than others, and so it follows that the purchase price of a condo slip would also be higher. It seems to me, though, that those numbers should still have some correlation (but I can see how condo fees might impact the value of a slip).
Researching slip rental rates is relatively easy compared to slip purchase prices, so I'm just trying to wade through this to try to get a handle on it.
Last edited by PrinceBuster; 09-28-2008 at 11:29 AM.