Rising Boat Slip Prices Could Leave You High and Dry

JUNE 29, 2006 -- For some people, it's a life-long dream to own a boat. But where to store that dream is coming at a big price.

Boat slip prices along the Carolina coast are going up, climbing higher and faster than some traditional real estate investments, like homes and land.

The price for a boat slip at the Bradley Creek Marina on Oleander Drive skyrocketed 30 percent in the last year. On top of that, there's a new five-year waiting list for both dry and wet slips.

Buying a slip outright will easily cost you more than $100, 000.

So if you're planning to buy a boat you need to make sure you have a place to put it, otherwise you'll be left high and dry.

Reported by Dan Cassuto