Lake Allatoona Topics: Lakefront Lot for $99k

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	Name:	ecstasypoint -
	Subject:	Lakefront Lot for $99k
	Date:	9/20/2007 11:48:26 AM

I totally agree. I don't quite get why people would so overpay for lake property when there are nicer and less expensive lots available. I think it's all about the prestige of being able to say you own in the Ridge. But my point was that the lake prices don't seem to be equalizing. They are all over the place with stuff at the lower end falling and the expensive houses creeping up every month. Seems like the drought really hasn't affected the real estate market that much yet. This is related in my mind to the overwhelming optimism that people have about the lake returning to 490. Some declare that it will because they have a lot of money banking on it. Others say it will because they want it to so bad. I just wonder if anyone else is making mental preparations for the fact that it might not. I'm already aware that ltl is sure that the water will definitely be back, and I hope he's right.