Quote:
Originally Posted by John Mercier
Maybe not as aggressively.
But unless a reasonable amount of properties come onto the market, it will always have that ''shortage effect".
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The OP was asking about waterfront communities. There are different levels of buyers. You have to have considerable wealth to buy and support a waterfront home on the lake today and I agree "there's a limited supply".
I bought my first property on the lake in Alton Bay back in the 70's, I was in my 20's. I can't afford lake front at these prices anymore.
But waterfront communities are more abundant and don't require the same level of wealth. They also don't appreciate at the same pace as waterfront property.
I never had that kind of wealth, so I always had to be more precise in my purchases.
Everyone has a different approach to life purchases. I just follow what has worked for me and my family.
I'm a DIY buyer so I always look for a property that needs TLC.