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Name:
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Feb
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Subject:
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raised my price
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Date:
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6/7/2006 9:37:50 AM
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I will speak for myself. Some of my slicing and dicing is speculative, opinionated and hearsay. Therefore, it would be productive if you or anyone else has some factual information.
I trust Maverick's data as factual just not sure whether it was a true indicator based on seasonal variations.
I am also of a belief, without facts to support my belief, there maybe differences in trends of supply and demand for different segements of the Lake. As we all know, it is a very large lake encompasssing portions of three different counties.
Location, location, location is what we always here. This can also change. I noticed on my last trip down there is a development of rather nice lake homes going up (actually a lot of it ia already up) near the old Scrushy Place. Although they are nice, they are pushed together and each has limited water frontage. What does that do to the value of the older established lake mansions that were already in the area. So, I guess what I am trying to say is that the desirability of a location can also change up or down. You and I can not use a place clear across the Lake as a comparable to the value of our place with confidence (once again my opinion).
I will only say for sure that water front is going to be valued many times over the value of non-water front within a near vicinity.
My personal investment portifolio is modest, but it is diversified. There is no other segment of the portifolio other than property currently doing very well. Any other investment will not be offset with tax advantages. Property provides you a number of tax write-offs that assist you in the investment. Then again property has its cost such as maintenance. I will say this, other than from a feeling of security, money in stocks, bonds, CDs, savings accounts and etc. give me little pleasure. Owning a place in a recreational area gives you both an investment and pleasure since you can actually enjoy and use it.
Isn't that what life is all about, not how much you can obtain and leave but how much you enjoyed while living it.
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