Cossayuna Lake Topics: Right... but....

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	Name:	John C -
	Subject:	Right... but....
	Date:	2/7/2013 10:15:08 PM

I agree we are a teeny tiny second home market, but "grossly overbuilt" is a bit much. Overbuilt, sure, but you have to keep that in perspective of other markets. It could have been a lot worse. Our foreclosure % of sales was about 7% since the bust, compared to 30% in ATL and similar percentages in other second home markets. Our home sales turned in 3Q08, when most other markets took 2 more years of beatings.

I also agree that the municipalities are playing small ball, but they are only as good as the people electing them. Look no further than the recent, horrifyingly embarrassing Dadeville Mayor / Clerk / Council spat. Cringe worthy. I can't figure out why all of the interests don't rally around some common group like the LM Economic Development Alliance that can stretch across the lines to get things done. $20,000 spent on one good promo video goes a long way.