Quote:
Originally Posted by TiltonBB
About 20 years ago, when the economy was in a slump, there were about 10 slips at Mountain View that were vacant for the whole season.
At that time over half of the people who owned slips rented them out instead of using them. I do not know what the number of sips rented VS used by their owners is now.
The economy is cyclical. However, what if you sit on the sidelines waiting for the next downturn to get a good deal and it never comes?
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I don't think it's a question of if it will come, but a question of when it will come.
Looking at history, downturns have occurred in the last 34 years in 1987, 2001, 2007, and 2020. Some have been brief (2020), others have been long (2007).
Terrorism caused the 2001 setback, and Covid caused the very brief 2020 setback. Who knows what's next around the corner!
Just have your checkbook ready to go!