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post #3 of Old 08-06-2010
tomandchris
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I looked into buying a slip versus seasonal contracts and could not justify the expense over a 10 year period. Our season is only May to October if stretched, so it depends on many factors.

Are you permanent or may you possibly relocate? Companies are still helping with the selling of homes if you are a valued employee, but boat slips are another issue. The market is much more limited and even more dependent on the economy.

Taxes are a given as it is property....most likely valued at what you pay for it and not what the previous owner paid for it 5-10-or 20 years ago.

Assessments can be a big surprise. The association decides to put in a new breakwall or new docks...you all split the cost.

However, if you are staying in the area with no chance of moving, and know you like the location and people, there will probably not be a better time to buy then now. I would not do it as an investment any more than buy a boat for an investment.
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