Lake Lanier Topics: Hey MotorMan

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	Name:	Feb -
	Subject:	Hey MotorMan
	Date:	4/6/2007 8:22:41 AM

This is a question or a lead to a discussion. Please do not take it as argumentative. I might just learn something here.

I read your rules of tumb and was curious. If a Lake lot is valued at $200,000, then your point is for finance purposes, 3X guide, the improvements should equate to $600,000; therefore a total investment of $800,000.

What I think you may of also said is the above may become a tear down and it is better to follow closer to the 10X guide an build up to $2mil in improvements on a $200,000 lot.

Did I read you right or is it (guidelines or rule of thumb) maybe a little different on the Lake? It seems the 3X and 10X guides might be less applicable on Lake property. I certainly understand it and pretty much aggree for less expenisve lot property and subsequent construction.

Now to a slightly different discusslion. As we all know there are some nice Lake Homes on the Lake. Many of the more expensive homes are in gated type communities (I will use the Ridge as and example). There are some as equally nice homes and lots outside gated communities with lower values. I am of the opinion the gated community Lake houmes may stay more stagnate from initial investment cost for years while the other properties outside the gated communities may in fact continue to rise in value to a greater degree (%). This is not to say the two options will become equal in value but the initial investment may change dis-proportionately. As we all know, the cost of ownership for the gated communities is usually greater due to association fees and the amenities they may offer to some.

Just currious what others may think and see things in their opinions and experience.