Hampton Topics: Right... but....

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	Name:	roswellric -
	Subject:	Right... but....
	Date:	2/7/2013 9:49:46 PM (updated 2/7/2013 10:17:27 PM)

Lake Martin is a teeny-tiny second home market and has a very small absorption rate. So it gets grossly overbuilt like it did in the real estate bubble crash and a little crazy when demand spikes. Now on this dip It might take years to absorb the inventory not to mention the shadow inventory that is just waiting for prices to rise.

IMHO the general problem is no unified plan or promotion for the area. It's so fragmented with every interest and municipality guarding their particular turf. Development to date has played small ball and is product oriented instead of market oriented. "If you build it they will come" just doesn't work anymore. There is no infrastucture for a permanent lake population that would fuel real growth.

With the exit of the rest of the Russell Mills after the Fruit of the Loom acquisition there won't be much left in Alexander City to support local businesses either except for government, medical and lake service companies. Maybe that will be the wake up call. I hope so.

On the positive side...what a beautiful lake, area and people. And for folks that don't like change it's heaven. It's always a great day at Lake Martin!