Why should I consider purchasing a Rackominium?
There are a number of factors effecting recreational boating that contribute to the need of purchasing a rackominium. Primarily, this is the case of supply and demand. Boating has soared in popularity, and larger more costly vessels are being constructed to supply the worldwide demand. This is placing pressure on the oversubscribed and limited rental market. Waterfront property is a high-demand, limited commodity. Small, formerly independent marinas have been purchased by large development companies and turned into residential condominiums. Rental facilities are unable to produce the revenue necessary to justify their use of waterfront property. In addition, hazardous weather has destroyed hundreds of slips and environmental and regulatory land use restrictions have further reduced the available supply.
