Name:   mike stephens - Subject:   Boat dock financing? Date:   6/19/2020 10:17:29 AM

Yep, really expensive and getting more so. Most folks who are buying or building are including it in their mortgage. Replacement or upgraded docks are coming from HELOC or cash reserves. My neighbors just upgraded theirs and spent more than 80k for it before adding electricity and  a second boat lift, and sold their 12 year old double boat house with swim dock for 32k.

Prices of everything on the lake are nearing or are in a "bubble" and market is becoming overheated, mostly due to such low interest rates, and inevitably, a collapse will happen as it did in 2009 and 2010.

As long as interest rates are this low and peoples jobs are not in jeopardy, prices will keep going up. As soon as jobs get shaky or interest rates rise, or both, bargains will beging to show up.

Just be patient.

MWS