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Descant · 06-18-2014, 08:53 PM

Years ago, many island residents bought because they wanted an assurance that they could always have access to their island with a PREDICTABLE PRICE. Want to buy a new boat? You have to buy my brand to keep your rental slip. Got a lease at the marina? Not for multiple years, I bet. When will the rental price go up? Every year. After 10 years of boating, what's the value of your rent receipts? What's the value of the condo you own and can sell?

If you're short term, renting makes some sense. Try it out, see if you like this part of the lake, etc. If you're a long term boater and want something for future generations (many islanders are on 4-6 generations) it makes sense.

So you own a boat. Usually not a wise financial investment. It's a pleasure boat, right. Enjoy the pleasure of owning a slip with the same friends on the dock every year, a vote in how the condo is managed and what the fee structure will be. Or let the marina tell you where to go and what the price will be. $37,000 at MVYC is probably a huge bargain. What's the price of a private beach (2) on Lake Winnipesaukee?

06-18-2014, 08:53 PM	#2
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,039 Thanks: 1,212 Thanked 1,519 Times in 985 Posts	Future value Years ago, many island residents bought because they wanted an assurance that they could always have access to their island with a PREDICTABLE PRICE. Want to buy a new boat? You have to buy my brand to keep your rental slip. Got a lease at the marina? Not for multiple years, I bet. When will the rental price go up? Every year. After 10 years of boating, what's the value of your rent receipts? What's the value of the condo you own and can sell? If you're short term, renting makes some sense. Try it out, see if you like this part of the lake, etc. If you're a long term boater and want something for future generations (many islanders are on 4-6 generations) it makes sense. So you own a boat. Usually not a wise financial investment. It's a pleasure boat, right. Enjoy the pleasure of owning a slip with the same friends on the dock every year, a vote in how the condo is managed and what the fee structure will be. Or let the marina tell you where to go and what the price will be. $37,000 at MVYC is probably a huge bargain. What's the price of a private beach (2) on Lake Winnipesaukee?