| Name: |
noagenda
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| Subject: |
Wassup?
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Date:
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5/20/2005 9:44:27 AM
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Darn, it feels like there is a slew of development activity going on all over the Lake. I know that waterfront property is doing well but...why is all of this happening now. Seems like justa few years ago they were auctioning off the Harbor lots that could not sell. What gives?
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| Name: |
SBsigmapi
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| Subject: |
Wassup?
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Date:
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5/20/2005 9:51:19 AM
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Its this "struggling" economy that all the dems like to talk about. What they forget to tell you is that the economy is only struggling for the lazy. They talk about the unemployment rate and what not, but the majority of the people struggling to find a job are the folks that back in high school I would have predicted would be struggling to find a job. The hard working clean cut american is not struggling to find a job right now, he/she is developing land on the lake.
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| Name: |
lamont
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| Subject: |
Wassup?
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Date:
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5/20/2005 9:51:36 AM
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All part of a master scheme by the carpet-baggers to destroy our peaceful way of life.
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| Name: |
lamont
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| Subject: |
Wassup?
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Date:
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5/20/2005 9:54:42 AM
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It's very interesting that an unemployment rate that was deemed wonderful during the Clinton years is now considered poor. Essentially the same rate. Go figure.
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| Name: |
HappyCamper
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| Subject: |
Wassup?
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Date:
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5/20/2005 9:59:23 AM
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Word is finally out that this is the BEST lake in the country. Some friends told us about Lake Martin 10 years ago. They bought a place in Stillwaters (we didn't) that did not appreciate for years. All of a sudden they could sell it for half a million dollars.
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| Name: |
Feb
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| Subject: |
Wassup?
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Date:
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5/20/2005 10:30:52 AM
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Several of us have been posting about this lately. Look back at some of the post by Motorman, Osms, roswellric, and myself. There are a number of reasons why all the stars and planets have been linning up just right for tremendous demand and appreciation of Lake Martin property. Let me mention a few. Alabama is becoming the auto capital of the USA and taking that crown from Michigan. Jobs and good paying jobs from this industry with people working hard during the week, and with money to spend on recreational property to play hard on during the weekends. Baby boom generation with its ample share of affluent people looking for a good retirement spot. Those folks are looking at the internet for retirement areas, and Lake Martin shows up as one of the premiere retirement spots. Retired military and Civil Service pay is not subject to State income tax in Alabama. Property tax is second cheapest in the USA and only slightly higher than the cheapest Arkansas. The sun belt is where the retired want to go to, and all the retirement classes tell you to stay away from Florida for many reasons. Atlanta and its suburbs are booming and all the affluent folks from there are looking for recreational property. I could go on and on. Like I said in an earlier post this past week - I believe that Lake Martin proerty will apprecitate two, three or maybe four times over in the next ten years or less. So SBsigmapi, you had best stake your claim as soon as possible since I have read your post and know Lake Martin ownership is on your radar screen. Hope this partially answers your question "noagenda"; althought I think you already knew the answer to your question.
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| Name: |
lamont
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| Subject: |
Wassup?
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Date:
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5/20/2005 10:41:27 AM
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In addition, have you priced lake property in Georgia? First off, throw out Lanier and Alatoona, over-crowded cesspools. Prices at Oconee, Burton, Hartwell, Blue Ridge are at least 30 to 40% higher than Martin. We priced them all before looking at Martin and could not believe the relative bargains at Lake Martin and, in my opinion, there is no comparison in beauty, quality of water, etc. Also, and most importantly, no Chucks at afore-mentioned Georgia lakes. Nuff said!
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| Name: |
SBsigmapi
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| Subject: |
Wassup?
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Date:
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5/20/2005 10:53:19 AM
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Hopefully it wont be too far down the road before i can start shopping (5 years or so). However, if prices climb too high before I can get there, it is probably just as well. I have never been a fan of the manor or attitude of the rich. Right now, Lake Martin land owners are typically pretty well off, but most of them still worked hard to get where they are. If property prices continue to rise, the cost of ownership will exceed the returned value for all but the society types. I mean I love the lake, but regarless of how many millions I have, I would not pay 2 or 3 mil. to have a nice house there. I could get a Carribbean mansion for that. Then i could still boat and fish, but i could also snorkel and dive.
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| Name: |
lamont
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| Subject: |
Wassup?
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Date:
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5/20/2005 11:08:49 AM
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Keep in mind, it is all relative. If a place at Lake Martin is going for 2 million, rest assured your carribean estate will most likely be 5 to 6 million.
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| Name: |
SBsigmapi
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| Subject: |
Wassup?
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Date:
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5/20/2005 11:23:05 AM
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Thats just it, Jamaican estate is in no way tied to the success of lake martin property. There are other lakes around the country that have had astronomical prices for years and years and are still densely populated. Those prices didnt drive up the mansions in the Dominican. If the rich and snotty prove determined to buy up all the fresh water property in the US, I would search elsewhere. . .even if it meant purchasing a rather small carribean villa--the inlaws own two planes.
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| Name: |
lamont
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| Subject: |
Wassup?
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Date:
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5/20/2005 11:41:57 AM
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Sounds to me like the inlaws may be rich.
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| Name: |
Feb
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| Subject: |
Wassup?
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Date:
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5/20/2005 11:44:47 AM
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I will say that just because one is rich does not necessarily make them snotty. There are plenty of snottys out there that are far from rich dollar wise or happy with life wise. There are also plenty of rich that are the nicest people around. I bet you would not call your In-laws snotty; although I gather you consider them rich. Bet their Son-in-law wishes he were rich - Doesn't he SBsigmapi? Now don't go getting snotty when you get rich. I just wish I could be rich and have a nice handkerchief . That way, I wouldn't be perceived as snotty by some others just because they have less.
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| Name: |
SBsigmapi
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| Subject: |
Wassup?
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Date:
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5/20/2005 12:43:35 PM
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You are misinterpreting what i said. Money doesnt make someone snotty living the "society life" DOES. A select crowd here in montgomery are members of country clubs at a cost of between 10k and 20k per year. These are typically (not always) snotty people. If you ask them how they can rationalize paying that much for membership, they will tell you they love to play golf. Ten years ago that could have possibly made sense. However, the RTJ courses in Pville are much, much nicer than the country club courses in montgomery and can be played at much, much less cost. The reason those people are members is so they can rub elbows with the other wealthy.
As far as my in-laws go, they are well off. My father-in-law flies jumbos for Fed Ex. They are not filthy rich, but they are also not snotty. They bought us a boat, bought themselves planes, but they live in a fairly modest home, drive regular vehicles, are not members of any country clubs, and did not spend money to enter their daughter (my wife) in cotillions and balls. My point is, what makes someone snotty, is when they either try to impress everyone esle with their wealth, or when they act like thier wealth elevates them to a high class of person.
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| Name: |
lamont
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| Subject: |
Wassup?
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Date:
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5/20/2005 12:55:22 PM
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Have you ever tried to get on a RTJ course on a Saturday afternoon. Perhaps one might join a club for the convenience of guaranteed t-times and limitted memberships so, one does'nt have to take 6 hours to play a round of golf. Yes, I am a member of a club and far from rich. I love golf. I go, I play, I have a beer and go home. I do nothing socially at the club.Many golfers enjoy golf in the same way you enjoy the lake. And by the way, the cost of my boat far exceeded the cost of my golf membership. My, we paint with a broad brush.
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| Name: |
SBsigmapi
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| Subject: |
Wassup?
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Date:
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5/20/2005 1:04:55 PM
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Ive played at RTJ about 8 times. Once on a friday afternoon, all the rest on saturdays. Look, there are exceptions to every rule. Some things that we all do force us to be part of a generalization. Live with it. I ride horses. If you want to call me a hillbilly, go right ahead. Its not true, but i understand where the stereotype comes from. If you pay to be part of the same club as all of those socialites, understand that you are going to be grouped with them.
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| Name: |
lamont
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| Subject: |
Wassup?
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Date:
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5/20/2005 1:10:01 PM
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Fine, even though I do nothing socially at the club, feel free to lump me in with all the Socialites. Since you like horses, I suppose I should lump you in with the Elitists in their suites at the Kentucky Derby or those pansy a$$ English Polo fans. Makes just about as much sense. A slippery slope indeed.
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| Name: |
Tbone
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| Subject: |
It appears nobody is selling
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Date:
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5/20/2005 2:41:08 PM
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their property. Maybe I'm wrong, but the realtors dont seem to have much inventory of existing property that is up for sale. If true, that would make it easy for developers to come in and make money.
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| Name: |
HappyCamper
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| Subject: |
It appears nobody is selling
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Date:
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5/20/2005 3:16:27 PM
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There is nothing out there less than $200K.. Even the old fishing cabins perched on steep slopes are expensive. I agree things have taken a huge jump the past two years. Newsweek magazine recently rated high schools. A school in Jefferson County Alabama was number one in the good old USA. (Nothing in Georgia made the top 100). Affluent families moving to the lake will do the same for Tallapoosa County. schools. Sit back and watch property values soar.
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| Name: |
joyrider
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| Subject: |
Wassup?
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Date:
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5/21/2005 12:38:42 AM
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I'm reading, and hope you guys know what your talking about. I've got a daughter who'll be going to college in two years. Sure would be nice to know a "shack" put her through school!
There are several places for sale on Real Island. Anywhere from $250 to $475 thousand.
Even my "neighbor" is toying with the idea of selling,..... he's still rattling on about us "not blocking his view". A realitor said he'll ask somewhere around $450 for his,.......if you remember-it DOES have a towering gazebo! :)
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| Name: |
HappyCamper
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| Subject: |
Wassup?
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Date:
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5/21/2005 5:28:36 PM
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Great idea to put your daughter thru college by selling your place! Only one problem....you actually have to SELL your place and who wants to do that? Check out those high school ratings at Newsweek.com.
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| Name: |
roswellric
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| Subject: |
Well actually
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Date:
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5/23/2005 9:31:50 AM
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there are only 2 property owners for lakefront property. Otherwise you bet your booty the developers would be really cranking up.
Looks like selling activity of individual homes is actually up. The difference is demand. Just a guess though... Any Realtor should be able to answer that.
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| Name: |
Feb
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| Subject: |
Wassup?
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Date:
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5/23/2005 9:37:33 AM
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As another thought, maybe Joyrider will not have to sell his or her place but rather is thinking of increased value. This could qualify the Lake place for refinancing for a higher mortgage, second mortgage or home equity loan to help with college cost. This loan will then be tax deductible for both Federal & State Income Taxes.
Also with prices going up, you will see rent or lease rates increase. I agree it would hurt most of us to have to sell, but your child's education would have priority.
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