SailNet Community - View Single Post - Condo Moorage aka buying a slip
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post #17 of Old 09-02-2010
rmeador
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casioqv, you're forgetting the slip itself is an asset. If you can buy it today for $40k, you can probably sell it later for more, in which case your net cost is even less than the $400/yr association fee. If, as in the current economy, prices are actually lower when you sell it, if you're not loosing too much money you're potentially still ahead of the $700/yr rent price. Plus you get a slip in stead of a mooring, which has value to some people.

Last edited by rmeador; 09-02-2010 at 03:50 PM. Reason: spelling
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