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Name:
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jawjagal
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Subject:
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Do you read Atlanta Magazine?
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Date:
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6/17/2006 10:20:59 PM
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June 2006 edition.
Several articles of interest:
1. Cover story: "Second Homes - How to find your dream weekend retreat"
They had mountain choices, lake choices, AND beach choices.
Lake choices - in order: a) Reynolds Plantation. Lake Oconee, Ga.
(feature story)
and then I guess alphabetically b) Bear Lake Reserve, Tuckasegee, N.C.
c) Currahee Club, Toccoa, Georgia
d) The Reserve at Lake Keowee, Sunset, S.C.
e) The Ridge on Lake Martin
There was a flyer in the magazine for The Seasons of Lake Burton.
(Featured Beach - #1 - choice is Rosemary Beach with Emerald Grande at HarborWalk Village, Destin and Owl's Head, Freeport, Florida as a part of the top 5 - like above.. Other choices were Cumberland Harbour, St. Mary's Georgia, and Oldfield, Okatie, S.C.
2) And then there is an article titled, "Bubble Trouble." See if this fits you. It does us:
"Steve Palm, owner of Atlanta-based real estate tracking firm, Smart Numbers, says double-digit appreciation rates are usually a good indicator that a bubble is forming, with 20 percent appreciation rates signaling a bona fide bubble."
In the 5 years that we have owned, condo sales in the Blue Creek area, indicate that if we sold today, we'd have made 20% a year on what we paid.
Now, this may be applying to Atlanta only and not resort/lake property.
What do you think?
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