Housing Market Slowdown

[TomC]

Originally Posted by FlyingScot

Arcadia sounds great!

On lake properties in general, I do not think values will fall significantly, for two reasons. First--waterfront, like other super premium land, has skyrocketed away from the rest of the market, and everybody knows the supply is finite, it has become a distinct market without connection to normal buying and selling. Second, almost all of the recent waterfront transactions have gone to people who are rich, not stretching to afford it (no one stretches to afford a $2MM second home). So financially, it's just one piece of their overall portfolio.

But of course, I do not have a crystal ball...

An outsider coming here and reading 50+ post threads on the low lake level, water quality/cyanobacteria, loud music from wake boats, ever increasing ad volarem-based property taxes, etc., may very well think twice about dropping multimillions on lakefront property...