Quote:
Originally Posted by John Mercier
High assessments. Cottage colonies didn't provide the same ROI as can be achieved through a higher end offering.
The owners sold them, they become the higher end offering, and the assessments went up.
Same reason for going after marinas.
Higher end services can be provided to achieve higher revenue streams and a greater ROI.
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But back in the day lots made a living with them or they would have sold them sooner. When taxes and expenses got so high the rent couldn't keep up is when they all started selling them.