psneeld
Guru
It's the supply & demand thing. I don't care if the boats are used or not. It's the 90% occupancy (as in leased) rate that drives the prices up. Or rather, I assume it does. If folks who never use their boats would not lease the limited slips I assume the rates will start to come down. But then again, I know next to nothing about the finances of running a marina.
Absolutely right....my very good friend who owns 2 marinas in Jersey says the same thing all the time. He is also in the boat salvage and disposal business so he's got a great handle on supply, demand and what can/can't be done with "unused boats".
Proof positive..every time a marina opens up or expands along the Jersey coast you see a freeze or dip in slip rentals for at least one season if not more.
Not that I wish anyone give up their boat if there's a future there...but often there's not.