Lake Berkley Topics: Feb and MotorMan

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	Name:	Osms -
	Subject:	Feb and MotorMan
	Date:	4/6/2007 9:38:31 AM

It's interesting to see the various opinions which tend to justify the decision already made by the poster. You know my opinion on APCo lots so I won't bother to repeat other than to say that in Motorman's example of why not to go APCo, he didn't factor in reality that for $250K for the APC house the purchaser is on the lake--not wishing he could find that house and lot for something he could afford, say $250K--good luck. Formulas work in city subdivisions not on the lake. Lake property is too variable to plug into a formula.

IMHO, The Ridge has been a driving force in the escalation of property values around the lake. FEB, I agree with you that investments in places like the Ridge will appreciate slower, mainly because Russell got all the profits up front--people who bought early will make big bucks, but those who bought lately are going to wait years for a profit.

One important question. Are we discussing BEING on the lake or INVESTING on the lake. To me, BEING, on the lake is the goal.