Yes, this is one of the aspects of the Bahamas that is killing them. They have this exclusivity maintenance. It's also happening on several of the outer islands. If you do not own in the development, you are dirt.
At this point I rate Guana Cay lowest for this reason. They have two developments and the one central to "town" and Nippers is of the opinion that the marina was meant to be an amenity for the home owners. They go out of their way to make you feel like dirt there. Don't bother trying to walk around the development, and Baker's Bay is no better.
The folks actually think there is enough money in the USA and other countries to fully populate their development communities and keep the staff busy. Ludicrous. If someone buys a vacation/second home at one of these three places, how long will they actually be there? Rentals suffer as well, because the expense of getting to the outer islands puts them into a niche market. Oh well.
What once did well because boaters and others were frequent residents, are now scorned because they are not owners.
Oh well.