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Old 19-12-2008, 06:02   #1
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Mooring rates

With real estates prices falling through the floor almost everywhere, I was wondering what sailors expect to see when they pay for mooring or docking.

On the one hand it seems that the under lying value of the real estate has nothing to do with the "service" charged for using that real estate.

Some areas are seeing "rents" rise as people move from expensive and "frightening" ownship (delflating equity) to short term "manageable" rents.

Should the falling tide of real estate bring all ships down a bit? Or no?

What do you expect this coming season? (the yard where I winter store HIKED rates and has few stored there.... certainly they are not packed in like sardines).

Any thoughts?
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Old 19-12-2008, 07:38   #2
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I pay $800 per month for a 50' slip. That doesn't include utilities but it does include pump-out service. And there's a wait list for such slips in Sausalito.
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Old 19-12-2008, 10:26   #3
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We just received our renewal form for our mooring rental. $50.00 ft. + tax (5%) for the summer. The town also charges a fee for usage of the mooring, whether you own it or not. Does not include dinghy dock usage, which is another $300. Went up a bit from last year.
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Old 19-12-2008, 12:04   #4
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Quote:
I was wondering what sailors expect to see when they pay for mooring or docking.
Most sailors expect less but pay more. We pay $85 / month. It will go up $5 in January so I guess we keep the boat and just pay the extra $5. At the Yacht Club we had a huge increase in insurance so I'm afraid it cuts across all types of marinas. Insurance prices will clearly be driving the cost of boating a lot higher than normal inflation.
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Old 19-12-2008, 12:30   #5
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My observation is used boat prices have come down due to the economy, but all those boats still need to be stored somewhere, so there is just as much demand for storage, moorage and dockage as ever and this results in steady or increasing prices in those areas.
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Old 19-12-2008, 13:01   #6
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Quote:
Originally Posted by defjef View Post
With real estates prices falling through the floor almost everywhere, I was wondering what sailors expect to see when they pay for mooring or docking.

On the one hand it seems that the under lying value of the real estate has nothing to do with the "service" charged for using that real estate.

Some areas are seeing "rents" rise as people move from expensive and "frightening" ownship (delflating equity) to short term "manageable" rents.

Should the falling tide of real estate bring all ships down a bit? Or no?

What do you expect this coming season? (the yard where I winter store HIKED rates and has few stored there.... certainly they are not packed in like sardines).

Any thoughts?
That is a pretty broad question to answer. the rates in the Chesapeake in many places are half or better than rates in south Florida. For slips we have paid $800.00 per month and $250.00 per month and all prices in between. For moorings we have paid $40.00 per month up to $250.00 per month.
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Old 19-12-2008, 13:43   #7
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I am paying 1400.00 to keep the boat in the water at a floating dock (from Nov.- Apr.). The boat is is in Mount Sinai Harbor, Long Island NY. That works out to be about 240 dollars a month.
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Old 19-12-2008, 14:29   #8
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The thread was aimed at what you salts feel will be the trend in mooring fees as the economy cools way down? Will you see rates in YOUR area hold, slip or continue to ascend?

I know last summer lots of power boats were not put in the water because of the fuel prices and so there were slips available.

Now fuel is down but so is disposable income and credit and this may also put the kabosh on many boaters and free up mooring space which could lead to a drop in prices. Wishful thinking?

Imagine when fuel creeps up again and the economy continues to slip... I am sure recreational boating will take a huge hit. What say you?

My rates went up 20% for in wet storage to about $1700 from nov - may and I am 30 miles west of Mount Sinai Harbor.
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Old 19-12-2008, 14:37   #9
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One thing I've noticed is that there are more slips available in the SF Bay Area. It was very difficulat toget a slip in places like Berkley but now even bigger slips are available. I don't know what happened to the boats that were in them before but when supply is down the marinas usually make a deal to get you in before they drop prices.
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Old 19-12-2008, 14:42   #10
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We traveled the US coast from Houston Texas to Beaufort South Carolina form May to November and although not scientific we saw a tremendous amount of boats on the water and at that time fuel was $5.00 per gallon at least. Here is an example in the Florida Panhandle

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Old 19-12-2008, 18:02   #11
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Funny on SF Bay I remeber being out and not seeing a single power boat out on the water. Usually you see a few. More sailboats though.
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Old 19-12-2008, 19:23   #12
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At work we are bidding on a some aspect of the largest superyacht being built in the USA. I checked the specs - it carries 97,000 gallons of fuel! I guess those guys have plenty of money to burn... oh and it serves 14 which includes the owner and staff of 24 plus 2 crew.
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Old 20-12-2008, 00:53   #13
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Our marina in Alameda, CA has suddenly developed a few empty slips. Marina has been full for the last 2 years till about the last six months. Not time for marina owners to panic yet but a few slips are opening up. Monthly rent is $317 for a 40' slip.

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Old 21-12-2008, 16:35   #14
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I pay about $300 month in NJ for my summer slip and about 1/2 that for winter storage. a total of $450 month for a 12 month deal. Prices went up this year....no deals were offered...No vacancies seen....at my marina

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Old 21-12-2008, 16:40   #15
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Whether the economy is bad or not the boats are still around, they have not all been sunk for insurance as rumors have it. They need to be somewhere so I don't see and mass exodus of slips and as long as there is demand the price is not going to come down. Even if a normally full marina suddenly has a few slips available it is highly unlikely they will lower their rates.
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