Lake Houston Topics: raised my price
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Updated 8/19/2006 11:35:05 PM
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Name:   Jaws The author of this post is registered as a member - Email Member
Subject:   raised my price
Date:   6/7/2006 2:16:27 PM

It is obvious that prices have peaked for the time being in FLA. It will be 3-5 yrs before they come back in my opinion. As for lake martin, hopefully the price correction will be small. Clearly some real estate markets are less vulnerable than others. But we have not seen a major real estate slowdown since 1990-91. People have forgotten that real estate can go down in value. Kind of reminds me of the stock market in 2000. People had forgotten that stocks could down because they hadn't in so long. If you are thinking about buying on the lake, make sure you are doing it for the right reasons. If it's for the fun and family time, then I say go for it. If it is because you think it is going to be a great investment, be careful. You will need 10% a year just to cover taxes,insurance,maintenance and interest etc. People tend to forget about that. Rest assured that our new Fed Chairman is going to slow real estate down. It's already happening in other places. Lake Martin and other places will not be immune to a slowdown. The hiccups in FLA will most likely be felt here before it's over.
Other messages in this thread:View Entire Thread
My Imagination? - roswellric - 6/6/2006 4:33:29 PM
     My Imagination? - noagenda - 6/6/2006 5:05:35 PM
          My Imagination? - Feb - 6/6/2006 5:42:19 PM
               My Imagination? - cobra - 6/6/2006 9:48:23 PM
                    My Imagination? - Feb - 6/6/2006 10:12:39 PM
                         My Imagination? - cobra - 6/6/2006 10:43:09 PM
                              My Imagination? - JohnGalt - 6/7/2006 7:10:23 AM
                                   My Imagination? - cobra - 6/7/2006 7:28:38 AM
                                        I know a couple of places - LifeTime Laker - 6/7/2006 8:17:43 AM
                                             I know a couple of places - cobra - 6/7/2006 10:30:34 PM
                                                  I know a couple of places - Feb - 6/8/2006 6:08:16 AM
                                                  I know a couple of places - FLee - 6/8/2006 12:20:13 PM
                                        My Imagination? - JohnGalt - 6/7/2006 6:52:59 PM
                                        Why not - roswellric - 6/8/2006 7:10:33 AM
                                             Why not - cobra - 6/8/2006 12:25:07 PM
                                                  Why not - roswellric - 6/8/2006 2:36:53 PM
                                                       Shoulda said - roswellric - 6/8/2006 2:39:49 PM
                                                       Why not - cobra - 6/8/2006 3:56:18 PM
                                                            Why not - roswellric - 6/11/2006 10:24:09 PM
                                                                 Why not - cobra - 6/11/2006 10:57:49 PM
                                                                      Why not - roswellric - 6/12/2006 8:39:12 AM
     Current Market Size - Maverick - 6/6/2006 6:04:00 PM
          Current Market Size - Feb - 6/6/2006 6:15:19 PM
               Current Market Size - Flash - 6/6/2006 7:25:48 PM
                    Current Market Size - Feb - 6/6/2006 8:09:57 PM
          Current Market Size - roswellric - 6/6/2006 9:18:58 PM
     Ric..... - Osms - 6/6/2006 8:15:41 PM
          Ric..... - roswellric - 6/6/2006 9:04:44 PM
          Ric..... - Feb - 6/6/2006 9:15:38 PM
          raised my price - itisd - 6/6/2006 9:25:14 PM
               raised my price - roswellric - 6/6/2006 9:30:05 PM
                    raised my price - BayPineYankee - 6/7/2006 8:55:45 AM
                         raised my price - Feb - 6/7/2006 9:37:50 AM
                              raised my price - BayPineYankee - 6/7/2006 11:27:06 AM
                                   raised my price - Jaws - 6/7/2006 2:16:27 PM
                                        raised my price - FLee - 6/7/2006 2:47:32 PM
               raised my price - Osms - 6/6/2006 9:36:46 PM
                    raised my price - Tallyman - 6/8/2006 2:13:52 PM
                         raised my price - Osms - 6/8/2006 9:38:39 PM


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