Believe it is almost impossible to get a mortgage for a house built on piers, ie wood or cement blocks, or one that draws its water from the lake. Something to do with federal gov mortgage rules for banks.
So, could be that million dollar island homes typically get purchased with all cash and no mortgage?
Hey ..... just look at this western, big waterfront view and the 350' untouched waterfront privacy ...... ooh la la!
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 .... Banned for life from local thrift store!
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