| Name: |
roswellric
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| Subject: |
Housing Bubble?
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Date:
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7/18/2006 9:56:10 AM
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Take a Prozac before reading......
URL: Housing & other stuff
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| Name: |
Feb
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| Subject: |
Housing Bubble?
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Date:
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7/18/2006 10:09:03 AM
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Good Morning RR, I do not know who wrote this but their writing style is pathetic. It reminds me of someone who used to come out with the statement "The menu of the day". Almost like investments could be placed in certain cagegories with out diveresity. We all know that the statments in this listing are bogus. There is no way you can include all categories of real estate in two paragraphs. Lake property is not the same as the 1/4 acre stamp of ground in the nearest school district in town.
Oh well. Some will never know the difference between escargo and sushhi since they will never try either. They will just call it all fish bait.
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| Name: |
Osms
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| Subject: |
Housing Bubble?
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Date:
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7/18/2006 11:16:15 AM
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The name of the company is EuroPacific and their speciality is getting you to remove your money from anything US and putting it in much better investments such as French wine, Iragi real estate, and Lebanese long term bonds, and Iranian nuclear power plants. Of course they want the housing bubble to burst.
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| Name: |
GoBama
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| Subject: |
Housing Bubble?
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Date:
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7/18/2006 3:25:49 PM
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A better source of information may be Barrons Financial which recently listed Stowe, VT and Lake Martin, AL as the two best investment grade, vacation properties in the country.
5/29/06 Barron's Cover: Trouble in Paradise -- Part II
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| Name: |
ridgeman
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| Subject: |
Housing Bubble?
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Date:
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7/18/2006 6:22:52 PM
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I agree with you 100% feb, the housing bubble just dont exist for lake and vacation property. most of the time the price of this kind of property that is for sale the buyer can and will pay cash for the property. but i do think the market can slow down on this kind of property. but again no bubble.
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| Name: |
typoaa
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| Subject: |
Link please?
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Date:
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7/19/2006 10:53:07 AM
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To that Barrons article? I searched but counldnt find it, thanks,
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| Name: |
Maverick
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| Subject: |
Link please?
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Date:
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7/19/2006 11:31:06 AM
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In order to read the article you have to sign up for a Barron's subscription as the article is not free, unfortunatily. Wanted to read myself, but was not willing to sign up for Barron's subscription.
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| Name: |
noagenda
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| Subject: |
whatdiditsay!
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Date:
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7/19/2006 1:17:31 PM
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| Name: |
boataholic
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| Subject: |
Link please?
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Date:
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7/19/2006 1:42:48 PM
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http://64.233.187.104/search?q=cache:w7feAralug8J:online.barrons.com/article_print/SB114868494641764727.html+barrons+lake+martin&hl=en&gl=us&ct=clnk&cd=2
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| Name: |
boataholic
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| Subject: |
Link please?
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Date:
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7/19/2006 2:06:17 PM
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Paste the long text above in your browser. Important points are that housing bubbles in coastal and vacation properties do exist. They are occuring in FL and occurred in Japan (lots of coast!). However, the article also promotes certain areas that are still affordable, including Lake Martin. They give a mini-promo for Lake Martin that sounds like BS written by the Russell Lands guy they quote.
My 2 cents: The best 300-400 foot properties with multi-mile long views in three directions are no where near the top yet. There are many of these with ordinary cabins on them that haven't begun to be appreciated yet. If the so-so lots in the Ridge can command high prices, the older better lots ought to go for much more. Think about it, if you won the lottery would you balk at two million to acquire your favorite location on Lake Martin? three million? five million? Ordinary lots will not keep up with the rate of appreciation of these best lots though, and I remain suspicious of the market for 500,000+ condos in rural Alabama. Condo people like shopping, restaurants, and amusement parks to go with their water fun.
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| Name: |
Maverick
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| Subject: |
whatdiditsay!
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Date:
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7/19/2006 2:42:48 PM
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In Alabama, a 320-mile lake whose waters are still drinkable is being developed by a conservationist. The pristine Lake Martin has become a destination for second-home owners not only from Alabama, Georgia and Tennessee but around the country.
"We're trying to make sure we're building something you can't get anywhere else," says Steven Arnberg, company broker for Russell Lands, of the developer of Lake Martin. The company is using building materials forged from native trees and stone. "It looks like the houses dropped from the sky," says Arnberg. Lake Martin is still being discovered, so there's probably upside left, despite 40% jumps in land values.
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| Name: |
Feb
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| Subject: |
Link please?
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Date:
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7/19/2006 3:44:12 PM
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Try this:
URL: Hope It Works
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| Name: |
roswellric
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| Subject: |
Ahhhh...
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Date:
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7/19/2006 4:21:10 PM
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The old "Dropped form the sky" routine. Where in the world did that come from....
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| Name: |
typoaa
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| Subject: |
Link please?
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Date:
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7/22/2006 2:20:46 PM
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perfect, thanks.
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| Name: |
typoaa
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| Subject: |
Ahhhh...
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Date:
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7/22/2006 2:23:10 PM
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and natural materials? No concrete? No glue? no nails? What do they do, scrape some limbs together?
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