Stockton Lake Topics: Just Curious

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	Name:	ALSCN -
	Subject:	Just Curious
	Date:	11/16/2007 4:05:05 PM

Since PP has not replied and I am sure it is probably because he hasn't read this thread. I will try to give you some insight. I think what is aggrivating the most to us is the fact that around 5 - 6 years ago, PP and I looked at a lot on Kowliaga, that was around 90,000. One single year later, in the same exact area, the same size lot with less stable land (meaning a large hill), was $150,000. That to us has been the ridiculous side of the real estate market at the lake. We both work in Montgomery, so we have to not only think about the real estate price, but our commuting as well. That is quite a lot of gas money.

When PP talks about the over inflated real estate, he is more than likely (and I am just speculating because I can not speak for him), thinking about instances, such as a really good friend of ours, who purchased a lot and built a house just a couple years ago. The total for the purchase and build was aroun 300k, now that same friend has his house for over 600k, that is 100% in a couple of years... that is ridiculous. We have looked at places all over the lake. The prices are ridiculous... even with the view.

It's not so much a matter of what you can afford. PP and I both hold nice positions for employment and we have been blessed. But that doesn't mean that we are going to spend half a million on a 2 bedroom cabin that was built in the 70's. It makes no financial sense.