Lake Martin Topics: Crazy high real estate prices
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Name:
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boataholic
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Subject:
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Crazy high real estate prices
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Date:
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4/22/2022 10:28:16 AM
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I've seen some for sale that I'm pretty sure are asking double what the same house went for just a couple of years ago. Another sign of a bubble is the marginal lot with the new house for a premium price. The below is currently asking 819,000. New house is nice and has all the current trends in decor but is only 3 BR and by itself isn't worth half what they are asking. So in addition to making a good profit on the house, they are getting about $400,000 for this lot with a small waterfront and likely shallow water.
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