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Old 06-26-2010, 07:43 AM   #2
birchhaven
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Default hmmm

I hope you are getting a great price because financially speaking purchasing a condominium boat slip is a pretty terrible financial decision.

Here is why,
purchase price 100k
now you are paying 500 a month
plus taxes insuance, condo fees, repairs etc ~2k a year
why not just keep your money and just rent for 2k-6k depending on your boat and save money, and not have 100k worth of your credit taken up. Letting someone else worry about the slip.

I know many people will disagree with my rough rounded numbers...
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