Looking at the ads, I cannot find any permanent options but 5-10-20-30 years of concessions - which is not really property but prepaid rental. Prices are barely below the rental costs calculated to those periods. Besides, there are usually cheaper (state) marinas
than the ones selling berths in most cruising grounds I am considering (Med & Canaries).
Rare occasion there comes a discount but still, buying
AND selling a concession comes with transfer costs, difficulty to sell if you move out, hassle to rent out. What is the deal then?
Usual argument is the increase of berthing fees
. This I might understand for a 20 years lease
, but in 20 years money
also yields quite a nice sum, provided we are just ahead of a nice long rate-hike decade.
Am I alone with this point or berth-investment is really a no-go?
(Disclaimer: I considered 35-50' boat
size and not bound to luxury)