And another one bites the dust...
Just found out today that my winter marina home in NC is going condo. That's about 300 slips going to new condo owners (starting at $600k) and the marina will cease to operate. I've followed the drumbeat of marina deaths in Florida, and I know the northeast rental rates are sky high. But it's stunning when it happens to you. There are a fair number of liveaboards at this marina who will now be effectively homeless.I keep seeing more and more boats on Ebay, particularly in Florida, where they simply have nowhere to dock the boat. And, at many marinas I visit, so many big boats are up for sale - fuel and dockage makes it impossible for them, unless they are rich and don't care. I've been consdering newer/bigger or something, but can't see doing anything until I can find a slip somewhere to buy. At least I'll have somewhere to park the boat if I run out of other options. Is boating going back to being the sport of millionaires as it was in the early 20th century? I don't mean to be a downer here, but slips are disappearing very, very quickly. Unless you buy, you will be paying top dollar rental, and boat yards are disappearing even faster. So, prices for available slips go sky high, and boat prices drop due to the oversupply on the market. Is that what we face?Someone above suggested pushing the local and state gov'ts to do something. Down this way the govt's fall all over themselves to accomodate the developers in order to increase the tax base, attract the wealthy retirees, and get on the ground floor of the new developments themselves. And, the locals are too concerned about the health care they just lost or can't afford, much less the boaters they think are rich, and the new properties they can't ever hope to afford. So, that approach isn't going to work, at least not in the foreseeable future. Geesh. What do we do?(Steve K...saw "Carolina" today and she's a beaut. You are actually in "Tellico"'s slip from the past 2 winters. And yes, the marina is going, going gone.....did you know that?)