Lake Martin Topics: Lakes have a pecking order
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Name:   MotorMan The author of this post is registered as a member - Email Member
Subject:   Lakes have a pecking order
Date:   7/30/2006 4:54:17 PM

In Wisc we have Lake Geneva. It is halfway netween Chicago and Milwaukee. When lots (tear downs) hit one million, Pewaukee lake hit $250k. The Minocqua chain hit 100k and lots on little lakes in thev north hit $30k.

I call this the Lake Geneva effect. It would be foolish to think the fourth biggest, second deepest, and cleanest lake in Wisc only 60 miles from Chicago money should sell for the same as a place 30 miles from the nearest store that is so cold, it does not thaw until May 5 some years.

Its as they say; location is everything. You can buy a lot on Murphy Lake for $55k right now.

I bought a lot on the Fox river in Omro, WI for $3500. in 1971. Sold it 1n 1996 for $18,000. In 1971, a lot on Pewaukee lake would have been $40,000, now close to the millionmark.

A friend of mine just paid $600,000 for a 3200 sq foot house in CA on a 0.15 acre lot in Los Banos. I think hes crazy, but its his money.

Other messages in this thread:View Entire Thread
A question for lake home buyer - cobra - 7/27/2006 7:18:31 PM
     A question for lake home buyer - ridgeman - 7/27/2006 7:45:35 PM
          A question for lake home buyer - cobra - 7/27/2006 8:22:12 PM
     A question for lake home buyer - JIM - 7/27/2006 7:46:55 PM
          Or - roswellric - 7/27/2006 7:54:46 PM
          JIM.....NADA! - noagenda - 7/27/2006 7:58:09 PM
               JIM.....NADA! - Edge - 7/28/2006 7:42:49 AM
     A question for lake home buyer - Feb - 7/27/2006 8:08:04 PM
          A question for lake home buyer - jawjagal - 7/27/2006 8:27:01 PM
          A question for lake home buyer - cobra - 7/27/2006 8:40:51 PM
               A question for lake home buyer - Feb - 7/27/2006 9:22:31 PM
                    A question for lake home buyer - cobra - 7/27/2006 9:50:31 PM
     A question for lake home buyer - Maverick - 7/27/2006 9:01:36 PM
     A question for lake home buyer - boataholic - 7/28/2006 6:50:52 AM
     A question for lake home buyer - CranBob - 7/28/2006 9:42:49 AM
     A question for lake home buyer - dagwood - 7/28/2006 11:25:47 AM
     to afford that type of home... - SandyCreekman - 7/28/2006 2:23:14 PM
          to afford that type of home... - boataholic - 7/28/2006 4:52:41 PM
               what about... - jawjagal - 7/28/2006 5:04:44 PM
                    what about... - ridgeman - 7/28/2006 6:53:30 PM
                    Wedowee and other lakes - AUCATZ - 7/29/2006 8:59:17 AM
                         Wedowee and other lakes - cobra - 7/29/2006 9:33:53 AM
                              Lakes have a pecking order - MotorMan - 7/30/2006 4:54:17 PM
                                   Lakes have a pecking order - Osms - 7/30/2006 8:18:09 PM
                                        Lakes have a pecking order - Feb - 7/30/2006 9:58:52 PM
                                             Lakes have a pecking order - MotorMan - 7/31/2006 6:22:52 AM
     A question for lake home buyer - BamaBob3 - 7/31/2006 10:02:48 AM
          A question for lake home buyer - Feb - 7/31/2006 10:20:48 AM
               A question for lake home buyer - Tallyman - 7/31/2006 2:31:47 PM
               A question for lake home buyer - BamaBob3 - 7/31/2006 4:31:41 PM
                    A question for lake home buyer - Feb - 7/31/2006 4:51:21 PM
                         we do not have for 2006. - Feb - 7/31/2006 4:58:14 PM
                         A question for lake home buyer - Maverick - 7/31/2006 6:23:21 PM
                              Thanks Maverick - Feb - 7/31/2006 7:32:50 PM
                                   Feb & Maverick - Osms - 7/31/2006 10:06:16 PM
                                        Feb & Maverick - Feb - 7/31/2006 10:29:49 PM
                                        OSMS - Maverick - 7/31/2006 10:34:23 PM
                                             Calculator Website - Maverick - 7/31/2006 10:35:34 PM
                                                  Thank You Sir, Its Now Marked - Feb - 7/31/2006 11:01:25 PM



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