Lake Martin Topics: Higher winter water = lower property values?
(Lake Martin Specific)
111,139 messages
Updated 4/21/2024 6:43:43 PM
Lakes Online Forum
83,594 messages
Updated 4/20/2024 12:08:27 PM
Lakes Online Forum
5,193 messages
Updated 4/3/2024 3:47:36 AM
(Lake Martin Specific)
4,169 messages
Updated 4/16/2024 3:16:57 AM
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,260 messages
Updated 3/24/2024 9:24:45 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
(Lake Martin Specific)
169 messages
Updated 5/31/2023 1:39:35 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
Lake Martin Photo Gallery
    
Welcome, Guest Select View Mode: [ classic | beta | recent ]
Name:   MartiniMan The author of this post is registered as a member - Email Member
Subject:   Higher winter water = lower property values?
Date:   8/5/2013 5:49:18 PM

Exactly!  Homes with year round water have higher value than those that don't. So do I want my comps to be with or without year round water?  Answer is obvious.  The value of homes that do not have year round water at 480' winter pool but will at 483' will be in a different comp pool and their values will go up.  I don't remotely understand why this is even debatable.

The initial question was whether more homes with year round water will lower the value of the ones that currently do and my belief is they will not.  The only viable argument I can imagine for this is the extra competition for buyers looking for year round water.  That only holds if the demand is inelastic which I do not think it would be, especially if the higher winter pool were combined with an extended rule curve.  That would attract more buyers to the Lake Martin market as we all know that dropping the lake in the winter has an adverse impact on property values which are driven by demand.

But for sure three more feet of water will make a lot of other homes more valuable for sellers and certainly more enjoyable for the current owners.  Would I pay less for a house with big views and deep water simply because there are other houses on the lake with three more feet of water?  I don't think so.  But I would certainly pay more for a house with year round water than one with a mud pit all winter long and that isn't usable from late Sept to March or April.  This seems intuitive to me but maybe I am missing something.

For sure I will trust the opinion of realtors and I think all of them agree that this would be positive news for the lake, as does APCO.
Other messages in this thread:View Entire Thread
Higher winter water = lower property values? - Mike Hunt - 8/5/2013 10:27:22 AM
     Higher winter water = lower property values? - Samdog - 8/5/2013 11:08:28 AM
          Higher winter water = lower property values? - John C - 8/5/2013 11:44:39 AM
               Higher winter water = lower property values? - Samdog - 8/5/2013 1:45:09 PM
                    Higher winter water = lower property values? - MartiniMan - 8/5/2013 4:46:54 PM
                         Higher winter water = lower property values? - Equuspuga - 8/5/2013 5:19:00 PM
                              Higher winter water = lower property values? - MartiniMan - 8/5/2013 5:49:18 PM
                                   Higher winter water = lower property values? - Mike Hunt - 8/5/2013 6:42:48 PM
                                        Higher winter water = lower property values? - MartiniMan - 8/5/2013 9:45:04 PM
                                        Higher winter water = lower property values? - HARRY - 8/5/2013 10:29:04 PM
     A rising tide raises all boats...Sorry - Osms - 8/5/2013 4:01:08 PM
          A rising tide raises all boats...Sorry - MrHodja - 8/5/2013 4:57:18 PM
               A rising tide raises all boats...Sorry - mariah1 - 8/5/2013 6:38:08 PM
                    OK, dudes and dudettes - Osms - 8/5/2013 8:55:59 PM
                         OK, dudes and dudettes - mariah1 - 8/5/2013 9:07:26 PM
                         OK, dudes and dudettes - MrHodja - 8/5/2013 10:45:32 PM
                              Mr. Hodja - Osms - 8/5/2013 11:12:15 PM
                                   Mr. Hodja - MrHodja - 8/6/2013 9:04:27 AM
                              YOUR WIFE SHOULD NOT DRIVE - Mike Hunt - 8/6/2013 9:25:26 AM
                                   YOUR WIFE SHOULD NOT DRIVE - MrHodja - 8/6/2013 9:53:06 AM
                                        YOUR WIFE SHOULD NOT DRIVE - HP HQ - 8/6/2013 10:15:26 AM
                                             YOUR WIFE SHOULD NOT DRIVE - MrHodja - 8/6/2013 10:19:14 AM
                                                  YOUR WIFE SHOULD NOT DRIVE - Mike Hunt - 8/6/2013 11:23:14 AM
                                                       YOUR WIFE SHOULD NOT DRIVE - MrHodja - 8/6/2013 11:44:08 AM
                                        YOUR WIFE SHOULD NOT DRIVE - Summer Lover - 8/6/2013 10:15:36 AM
                                             Did he mean my anuice? - Mike Hunt - 8/6/2013 7:01:28 PM
                                        Mike Hunt claims to be Hodja's wife. - Lifer - 8/6/2013 11:33:18 AM
                                             Mike Hunt claims to be Hodja's wife. - MrHodja - 8/6/2013 11:45:32 AM
                                             Mike Hunt claims to be Hodja's wife. - Mike Hunt - 8/6/2013 11:51:57 AM
                                                  Yep,, Kisma has Re-Appeared. NT - Mack - 8/6/2013 12:15:05 PM
                                                       Yep,, Kisma has Re-Appeared. NT - ChrisCraft - 8/6/2013 12:49:13 PM
                                                       Yep,, Kisma has Re-Appeared. NT - lamont - 8/6/2013 5:35:24 PM
                                                       You knew JJC couldn't stay away. - MythBuster - 8/6/2013 7:35:04 PM
                                                            You knew JJC couldn't stay away. - MrHodja - 8/6/2013 8:08:15 PM
                                                            You knew JJC couldn't stay away. - Mike Hunt - 8/8/2013 10:11:26 AM
                                                                 You knew JJC couldn't stay away. - MythBuster - 8/10/2013 10:38:52 AM
     Higher winter water = lower property values? - lucky67 - 8/7/2013 10:55:14 AM
          Higher winter water = lower property values? - MartiniMan - 8/7/2013 4:54:41 PM
          Culverhouse in Ttown - Mike Hunt - 8/8/2013 10:14:02 AM


Quick Links
Lake Martin News
Lake Martin Photos
Lake Martin Videos



About Us
Contact Us
Site Map
Search Site
Advertise With Us
   
www.LakeMartin.com
THE LAKE MARTIN WEBSITE

Copyright 2024, Lakes Online
Privacy    |    Legal