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Old 06-29-2010, 08:50 PM   #28
secondcurve
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Default One More Thing

If the price increase of Winnipesaukee slips over the past 10-years was supported by fundamentals, wouldn't the rental cost of slips have increased at a similar rate? Prices of slips exploded in the past 10-years, but the cost to rent never increased at anywhere near the same rate. This is an important factor in my thesis that the price of the average slip on Winnipesaukee is only underpinned by the greater fool theory.
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