(Lake Martin Specific)
111,143 messages
Updated 4/25/2024 7:30:23 PM
Lakes Online Forum
83,605 messages
Updated 4/25/2024 9:33:24 PM
Lakes Online Forum
5,193 messages
Updated 4/3/2024 3:47:36 AM
(Lake Martin Specific)
4,169 messages
Updated 4/16/2024 3:16:57 AM
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,260 messages
Updated 3/24/2024 9:24:45 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
(Lake Martin Specific)
169 messages
Updated 5/31/2023 1:39:35 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
| Name: |
John C
- 
|
|
| Subject: |
The Crowne Pointe Effect
|
|
Date:
|
9/16/2009 11:40:55 PM
|
Several week ago a reader asked me a great question:
what has been the effect of Crowne Pointe going "on sale" this summer? Did it cause more condos than normal to be purchased?
Is that part of the reason we are seeing an uptick in waterfront real estate sales this summer?
I cover the subject below. I do think it has had an impact (% wise), but is not totally responsible for our hot summer.
URL: The Crowne Pointe Effect
|
| Name: |
farmboy
-
|
|
| Subject: |
The Crowne Pointe Effect
|
|
Date:
|
9/17/2009 9:55:14 AM
|
John..thanks for the info
|
| Name: |
itisd
-
|
|
| Subject: |
don't like lake condo's
|
|
Date:
|
9/17/2009 11:22:47 AM
|
Rant to the latest in developement of Lake Condo's. I hate em- take them to the Gulf, there never were any trees to destroy on the beach. Lake best for one and two story units that don't dominate 95% of the land area.
|
| Name: |
GoneFishin
-
|
|
| Subject: |
whoa...don't like lake condo's
|
|
Date:
|
9/17/2009 12:01:42 PM
|
Many people love the condo style of living where they come to the lake for the weekned and have no work to do. Too bad there was not a height restriction or elevators were not allowed. My brother has a condo on another lake that has 32 units and each building is only 2 sroies with 4 units each. He and his family love it.
|
| Name: |
Rooster
-
|
|
| Subject: |
whoa...don't like lake condo's
|
|
Date:
|
9/17/2009 1:29:20 PM
|
I don't like them either. Condo owners have no real investment in the " lake " and since they don't own seawalls or in some cases, not even piers, then they aren't concerned about what their waves might be doing to yours. I have always wondered, What happens to all the sewage the condos generate? My views.
|
| Name: |
GoneFishin
-
|
|
| Subject: |
Roosterman
|
|
Date:
|
9/17/2009 2:04:18 PM
|
Tell a condo owner who paid $400,000 for their unit that they have no "real" investment. Tell me which condos have no seawall or piers?? I have never seen any on the waterfront without both. You may not like them but be honest. Sounds like you want to be the last person to move to the lake. You have your little bit of paradise and no condos. I have friends who own lake front condos and they love it. You sound like an elitist!!!!!
|
| Name: |
Rooster
-
|
|
| Subject: |
Roosterman
|
|
Date:
|
9/17/2009 2:37:29 PM
|
Never said they did't have the seawalls or piers, said they don't necessarily own them. Condos are eyesores. Just look at the ones up from Bama Park area, River North looks ridiculous. Why anyone would spend 400 k to own " from the inside walls in " is beyond me. Can always find a service to take care of maintenance if you don't want too, and probably save money over the HOA dues which can really add to the bottom line.
|
| Name: |
GoneFishin
-
|
|
| Subject: |
Roosterman
|
|
Date:
|
9/17/2009 2:51:52 PM
|
I stand corrected. But, who owns the walls and piers at a condo? The same people who pay dues which are used for damages to their seawall and piers. They have the same concern as a homowowner as they have a financial stake in repairs. Not liking condos because of their size is a different issue. I have to agree with you on that issue and that is why I suggested height limitations. Cheers.
|
| Name: |
Rooster
-
|
|
| Subject: |
Roosterman
|
|
Date:
|
9/17/2009 3:06:58 PM
|
We can agree to disagree without being disagreable people. If and when we meet, I'll buy you a brew or let you buy me one. Either way, I'm happy. Cheers back to you.
|
Rooster an elitist?
HA must not be the same Rooster I know.
He could never ever be confused with an elitist.
|
| Name: |
Mack
-
|
|
| Subject: |
whoa...don't like lake condo's
|
|
Date:
|
9/17/2009 4:37:00 PM
|
different folks/different ideas. Line and let live, as long as LM does not start resembling Gulf Shores.
Just spent a week in a 15 story condo there, and I must say that I much prefer my own piece of dirt at LM, at ground level, without rental umbrellas and a list of "Not Allowed" all over the place.
|
| Name: |
AUCATZ
-
|
|
| Subject: |
You have no clue...
|
|
Date:
|
9/18/2009 9:48:08 AM
|
and are completely wrong. Condo owners own their docks, boat slips, and sea walls, and are responsible for them as much as any homeowner. The same rules apply to condos as they do to single family dwellings.
Personally, I think it's a complete waste of shoreline and very much overkill to have 10,000 sq. foot palaces that are unoccupied 50 weeks out of the year, but that's just me. I'm sure you will chalk my opinion up to some type of jealousy, but there are lots of people who want a place at the lake and who don't have a zillion dollars to build and/or buy one. A condo is the best alternative, both in price and ease of maintenance.
Different strokes for different folks, yes?
|
| Name: |
Spot Remover
-
|
|
| Subject: |
whoa...don't like lake condo's
|
|
Date:
|
9/18/2009 9:55:34 AM
|
Mack, first of all, I agree with you on not liking the large condo complexes with giant, gulag looking buildings.
But, the ever-present snobbery by single family occupants only shows a lack of knowledge about Lake Martin and human effects.
Think of how much natural scenery would have been saved, if everyone there occupied condos.(just a thought)
Single family residences have accounted for hundreds of miles of shoreline being destroyed, defaced, and personalized. Go back and look at the lake in the 60's, before the continuing boom, and you will see a scenic, natural lake with a few residences and fish camps.
While I'm at it, you will also find less under-mined shoreline and more native plants. People could actually fish on the weekends during warm weather. A small boat could traverse the waters at the mouth of Blue Creek without capsizing.
In summary, while most of this is not inter-connected except by the population explosion, the snobbery at times on this board needs to be directed from the "elite" to the mirror.
|
| Name: |
greycove
-
|
|
| Subject: |
The Crowne Pointe Effect
|
|
Date:
|
9/18/2009 10:48:02 AM
|
John...good analysis and logical conclusion.
I wonder if many of the recent purchasers hope to flip the condos? I am not sure that tactic works in current conditons. One might have to hold the unit for a long time. You would be competing with hundreds of other condos currently on sale. Seems right now like a "long shot".
|
| Name: |
lakngulf
-
|
|
| Subject: |
Whoa....Spot
|
|
Date:
|
9/18/2009 11:49:06 AM
|
You may be a little off base associating Mack with "snobbery by single family occupants" I doubt anyone enjoys and protects the natural beauty of LM any more. He may have added some nice personal touches to his place but has in no way "destroyed or defaced". He has protected and preserved.
|
| Name: |
Rooster
-
|
|
| Subject: |
whoa...don't like lake condo's
|
|
Date:
|
9/18/2009 12:10:40 PM
|
Ok! When I am wrong- I am "man" enough to admit it. I should never have referenced condo owners in my original post. For that, I apologize. For not liking condos, I will never apologize for my personal beliefs are that Lake Martin would be better off without them, and "habitat" is destroyed much worse than with single family homes, not to mention the beauty of the shoreline. Too many boats, too many people, too much traffic in small area. And for the record, I actually had to look up the word " elitist" to find out what it meant. Then I LOL.
|
| Name: |
Spot Remover
-
|
|
| Subject: |
So there, take that--
|
|
Date:
|
9/18/2009 2:50:03 PM
|
Really not directed so much to Mack, as to the general concensus on this forum. You know, those that learned how to drive a boat about a week after they bought a place here. Metro, suburbanites that are above everyone and everything. Know little about the lake and even less about the environment. People that complain about too many lights at night to see the stars, and ride jetskis continually. (putting off enough noise that you can't hear the person talk sitting next to you)
Spouting off here, OK. Summer is finally over and the lake can be enjoyable again.
Have a good one, and enjoy jetski season. No season nor daily limits. (J/K also.)
|
| Name: |
John C
-
|
|
| Subject: |
Flippers
|
|
Date:
|
9/18/2009 3:21:29 PM
|
In response to the question: "are many of the buyers flippers?"
My anecdotal evidence says no, almost none. The buyers I have helped (condos or otherwise) have mostly been play first, investment a far second. Contrast that with many of the buyers that had contracts to purchase condos in Crowne Pointe pre construction. They seemed like they were almost 100% flippers. At one time I had 3 units for sale in there from flippers. But, like most others, they backed out of their sales contracts and did not close. Thus the change in developer owned to bank owned Crowne Pointe.
My advice to ANYONE right now is to think long term (past 2 years) if you are thinking investment.
That's not to say flippers are a bad word or a bad thing, in any market: lake property, stocks, or Beanie Babies. They are part of capitalism, such as it still exists.
|
| Name: |
Summer Lover
-
|
|
| Subject: |
WHAT DO YOU MEAN
|
|
Date:
|
9/18/2009 3:32:00 PM
|
Summer is over????? I refuse to give up already....
Any limits on what you can use to harvest PWC?
|
| Name: |
lakngulf
-
|
|
| Subject: |
So there, take that--
|
|
Date:
|
9/18/2009 4:11:54 PM
|
I am going to take that as "spouting off", as I resemble that remark. Except that I am a full time resident who agrees with you on the enjoyment of the lake year round. My grandson was three when we had the drought....he loved the beach area for playing, asked where it was the next year. The lake is great... full pool, low pool, below low pool, summertime, wintertime, fulltime, yearlong. I have been here 13 years, still learning how to drive a boat, LOVE to ride jetskis, still have a lot to learn about the lake and environment, but loving every learning minute of it.
|
| Name: |
Mack
-
|
|
| Subject: |
Hey Spot>>>
|
|
Date:
|
9/18/2009 5:23:00 PM
|
No offense taken at all. As I said in my post, live and let live, and people have different tastes.
We've had our place since 1991. Chosen because it was the best we could afford ($70K for 1 acre and 330' shoreline) and offered the most privacy, no APC lots on either side. Along the way we have added on, and had numerous trees removed due to disease/insects. Don't fertilize the grass, etc, etc.
I am neither elitist nor a snob. Just would prefer a place like mine over condo life. And I cannot stop the growth around the lake nor the traffic, noise and other nusiances that come with growth. When it gets too bad (Heaven forbid) we'll bolt.
|
| Name: |
GoneFishin
-
|
|
| Subject: |
Why a Condo????
|
|
Date:
|
9/18/2009 7:39:24 PM
|
Those who have condos enjoy coming to lake whenever they want and can open the front door and begin having fun. They have no yard work, painting, dock cleaning, repairs, septic issues, etc. You have to admit coming to a place on a lake with no chores even after being away for a month is pretty cool. Just unlock that door, stock some food, and off to fish. My frinds love that life.
|
I agree, John. Many of the condo units on Lake Martin were a direct result of the interest from flippers. There was a big push from developers and many folks were looking for a quick buck and were happy to throw in money. I was approached to join the bandwagon as were several of my friends and my wife's clients....some did, some didn't, and some got burned. I have never been a condo fan, so I stayed away and I'm certainly glad I did. The current prospective buyers I know (homes and condos) are looking for a personal investment that works for their recreational interests, and I believe this will be much better for Lake Martin.
|
|
|
New Post
Search
Lake Martin Topics Forum
Reply
»
Alabama Lakes
»
Lake Martin
Login
|
Home
