Tranona
Well-Known Member
Chalk and cheese. BUT I do think the British psyche has to take a large portion of the blame; that's not a criticism just an observation.
Have a nice day
Think you oversimplify the issues, particularly related to costs. Anybody who knows the cost structure of a tidal marina on the South Coast will tell you that the majority of the costs are externally imposed and fixed, particularly dredging, business rates and harbour dues. They also have other external pressures, particularly for other uses for the asset that mean if the income falls to a level that will not cover the fixed costs, the capital value as a marina falls and there is a danger that the marina will be sold for other uses. You need to remember that most have significant land attached to them which has a higher potential value as building land than as car park or storage land in support of marina activities.
Where these constraints do not exist prices and costs are substantially lower. If you analyse the cost base of a marina you will find the controllable costs are a small proportion of the total cost in the popular (expensive) ones.
In absolute terms operating costs are low if you exclude business rates, dredging and return on capital. My boat is in a club owned marina which does not have these costs and the operating costs including maintenance on the physical structure (pontoons, walkways, sheet piling but not bund wall) come out at around £100 a metre boat length pa - about one third of the price of a similar commercial marina. So, even if a commercial marina halved its controllable costs (which are similar to our club costs) it would only reduce prices by just over 15% - and service to customers would fall significantly.
Marina berths are scarce resources and the supply is almost fixed in the popular areas - but demand continues to grow. Pricing mechanisms are the way scarce resources are allocated. Currently most of the excess demand has been curtailed by people moving (if they can) to cheaper less popular areas or putting their boats into storage - one storage yard here has seen the number of boats in storage through the summer double in the last 3 years. Add to that the demand was often illusory as people often had their names on waiting lists with little intention of taking up a vacancy.
Little bit like the mythical Morgan waiting list - the majority on the list never actually bought the car when their turn came. As soon as they allowed dealers to order for stock, most of the waiting list disappeared. Big gamble, but the underlying real demand stayed the same, or increased because new cars were much more readily available. Much the same will happen (has happened) with marina berths. Demand has fallen at the margins and is in balance with supply. Of course that could change in the future if more boats moved out of the UK and no new boats came in, or the economy picks up and new boat sales - the biggest driver of demand - increases.