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It occurred to me while I was replying to a comment on my Marina Unit of Measure Fallacy blog that price per slip is even more potentially misleading than the items I list. When does the price per slip not apply? When the purchaser wants to use the site differently (condo development or new boat . . . → Read More: The Marina Unit of Measure Fallacy Redux During the past few years of explosive growth, the highest and best use for marinas very often was not as a marina. Many traditional marinas changed to mixed use or condominium developments, especially in the southeast. Now that that the real estate bubble has burst, development is often not the highest and best use of the . . . → Read More: Value-in-Use vs. Market Value for Marinas When functional obsolescence is present at a marina, it is usually one of two types: That which affects the marketability and value of the marina (which I call supply-side obsolescence) and those that are recognized by boaters (demand-side obsolescence; again my term). From marina surveys I’ve recently performed, there is a clear and almost universal pattern in . . . → Read More: Marina Functional Obsolescence Boaters Recognize |
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