Name:   Talullahhound - Subject:   Crazy high real estate prices Date:   4/6/2022 8:14:59 AM

The market is super-heated and there isn't enough inventory to meet the demand.  I'm of the opinion that you never lose money on waterfront property.  A lot of people who buy these properties don't intend to sell them - they will become properties that are passed on to their children.  Over time, I don't think you ever lose money on waterfront property.  The increase in interest rates may slow things down, but so many people pay cash.  

I do agree with Wix that the current trend of big houses on tiny lots will eventually ruin the lake.  As bad as the boat traffic is now, it will get worse.  In my opinion, Russell Lands has a long term strategy to develop every inch of the lake, and commercial properties, such as resorts will show up.  There is also a very active rental market, including Verbo and AirBnB properties for short term rentals.