Monopoly marina ownership makes disabled veteran homeless

[EngineerRetired]

One more time, economics 101. Short supply, high demand. Guess what the outcome is? Try finding open slips anywhere on the eastern seaboard right now.

[ixnax]

Originally Posted by EngineerRetired

One more time, economics 101. Short supply, high demand. Guess what the outcome is? Try finding open slips anywhere on the eastern seaboard right now.

Agreed. There's no right, wrong or like it or not component to the mere observation of a trending reality. Anyone moaning about how the trend isn't accommodating their current economic situation should prepare to be fork stabbed and dipped in the hot sauce. No one serious will invest in yesterday's business models and a hundred grand is no money in 2021. In real estate it's all about the neighborhood. On land if a developer doesn't like the looks of some of the neighborhood houses or their effect on local property values it's a complicated problem. In a marina it's just a matter of slow turning a few screws, raising the temperature and voila, another slip opens for a better paying customer.

[S/V Illusion]

Originally Posted by fstbttms

Precisely which onerous "regulations, restrictions and demands" are you referring to?

marina management is buried in regulatory burden from RCRA, the CWA, liability complexities, water management requirements, USCG rules, multiple state and local jurisdictional requirements, maintenance of nav aids and a host of other burdens you likely never heard of. Cleaning boats in marinas is a whole world away from the reality of running, owning or managing one. The property taxes alone would choke you.

[Cadence]

Originally Posted by Cadence

Financial adviser, hsell no. Been a suit and then owned a business which I floated a loan for the property. Just speaking from limited experience. My wife has an LLC just so suing us is limited to that piece of properties worth, as I said a protect your ass loop hole.
I've been through the Okeechobee ditch, but those areas aren't conducive to 30 live aboard investors unless they are mosquitoes.

As PS. I could not be more pleased with the lock tenders.

[Lake-Effect]

Originally Posted by S/V Illusion

marina management is buried in regulatory burden from RCRA, the CWA, liability complexities, water management requirements, USCG rules, multiple state and local jurisdictional requirements, maintenance of nav aids and a host of other burdens you likely never heard of. Cleaning boats in marinas is a whole world away from the reality of running, owning or managing one. The property taxes alone would choke you.

...which is why holding companies are snapping them up.

[fstbttms]

Originally Posted by S/V Illusion

marina management is buried in regulatory burden blah, blah, blah.

You missed the point of course, but that's not at all surprising.

[Tellie]

Originally Posted by ixnax

Maybe. I have a beamy Cat and I much prefer trailer haul outs.

See, restrictions already! You just can't make everyone happy. I got a feeling that these marinas already know this. Thanks for killin my dream,

[Tellie]

Funny, I remember the threads on this forum where many were upset with what they felt were less than what they personally considered sailable boats, called them derelicts, hazards, eyesores, and wondered why they can't keep them in the shape they thought was appropriate, and many said that they should be removed. It was said if they don't have the money to keep their boat in the shape that they thought proper and were not willing to pay the constant increase's in insurances ought not to be in this sport. A very few pointed out to be careful what lesser group you go after because the next time it just might be you that people look at as the lesser group. This is a VERY EXPENSIVE hobby, the marina industry knows it and will cater to those with deeper wallets and will meet those customers demands. Unfortunately, for a whole lot of sailor's that is exactly what many of these larger marinas think. Kinda reminds me of the West Marine thread "You want HOW much for four bronze screws?"

[S/V Illusion]

Originally Posted by fstbttms

You missed the point of course, but that's not at all surprising.

Obfuscation noted. You asked “precisely which regulations...?”

I answered.

Thats the “point” -you had no clue and I attempted to enlighten. A futile gesture...

[fstbttms]

Originally Posted by S/V Illusion

Thats the “point” -you had no clue and I attempted to enlighten. A futile gesture...

I have a good understanding of the regulatory burden with which marinas must deal. These are not new issues suddenly causing mom-and-pop marinas to get out of the business however, as inferred by the post that we are discussing.

Condescension noted, BTW.

[S/V Illusion]

Originally Posted by fstbttms

I have a good understanding of the regulatory burden with which marinas must deal. .

If that was true, you wouldn’t have asked someone to describe what they are.

In addition to the myriad I described, permitting and licensing compliance and dredging regs are also overly burdensome. The list is almost endless yet you implied you don’t know about any by asking for someone to list them.

There are obvious obfuscations and there are obviously transparent obfuscations - are you entered in the contest to win both?

[fstbttms]

Originally Posted by S/V Illusion

If that was true, you wouldn’t have asked someone to describe what they are.

In addition to the myriad I described, permitting and licensing compliance and dredging regs are also overly burdensome. The list is almost endless yet you implied you don’t know about any by asking for someone to list them.

There are obvious obfuscations and there are obviously transparent obfuscations - are you entered in the contest to win both?

Yes, there are a lot of hoops a marina must jump through in order to be able to do business. You aren't imparting any new information by repeating that fact over and over. We get it. What I was asking him was to describe the apparently new regulations are causing small marinas to suddenly sell out/go out of business now, which is the theme of this part of the thread. Not sure what it is about that you don't understand.

[Lake-Effect]

Originally Posted by S/V Illusion

In addition to the myriad I described, permitting and licensing compliance and dredging regs are also overly burdensome. The list is almost endless...

If the regs were so burdensome as to make marina operation unprofitable, big companies wouldn't be snapping them up. With the obvious exception being that the bigger companies have the legal clout to make their regulatory paths easier.

[S/V Illusion]

Originally Posted by fstbttms

Yes, there are a lot of hoops a marina must jump through in order to be able to do business. You aren't imparting any new information by repeating that fact over and over. We get it. What I was asking him was to describe the apparently new regulations are causing small marinas to suddenly sell out/go out of business now, which is the theme of this part of the thread. Not sure what it is about that you don't understand.

Never was the context about “new” regulatory impediments

[S/V Illusion]

Originally Posted by Lake-Effect

If the regs were so burdensome as to make marina operation unprofitable, big companies wouldn't be snapping them up. With the obvious exception being that the bigger companies have the legal clout to make their regulatory paths easier.

Not an issue of profitability - just complexity