Mentalpause

yeah, tells us no hurricanes to deal with.

masher44

I would say that Destin has about a million times more overall demand than LOTO... even after all the 'canes

Sean H

a million times more? that might be stretching it a little... the coast will always have a better draw than a lake, or at least i would value a coast property more than a lake, and i have a lake property..

there are many efforts being made at loto to slow down development, so there must be some demand for all this stuff they keep building...

masher44

COOL! Youre back!

I agree to your point. I sold out several interior lake communities in TN, VA, TX ... and several coastal communities.
Great interior lakes have been going crazy for the last several years. The demand will always be overall "better" on the coast despte the 'canes.... beach people are beach people. I 100% prefer an interior lake such as Smith Mountain, Keowee, Norris, Watts Bar.... but the coast is where it's at and has been and always will be. The biggest problem with interior lakes is interior..... no infrastructure and road systems to handle all the traffic. The municipalities will just jack up taxes and make it harder for guys like us to do business there with stricter building codes/regs and it will control itself. My only point is I believe we are at the peak or extremely close to the peak at several interior lake markets. There is a cap. I dont think 250K for a nice waterfront property is the peak in some cases but it could be...

Besides... what fun would it be to have twin 1500s and have to put mufflers on it?

Mentalpause

The emerging issue will be insurance. Not whether you can afford it, but whether or not you can get it. If not, banks won't issue paper, and that will have an impact on pricing.

Sean H

i had to go to the coast (miami races) , well i guess i didnt have to, but what else am i gonna do?

masher44

I thought that too. We developed and sold out a place on Topsail Island NC in 2000. NO Federal Insurance available... only private... sold like hot cakes beyond belief. There will always be someone offering insurance.... the cost for these people with 1-3 million dollar homes doesnt really matter. At the time the cost to insure a 500K home there was 12 to 15K a year.
I agree that it will affect the market but moreso it will effect who buys it... it might go from the guy with a million set aside for retirement to the guy with 2 million set aside.. so the market will stay the same but it will be a different buyer buying.

Even Sean H agrees with me when I say the real estate market will ALWAYS be booming... the key to making money in it will be which product you are offering.... either mobile homes or multi-million dollar beach houses.... there is always a smoking hot area of the market.

masher44

see Sean already retired from his LOTO building job at 30

Sean H

retired from KC to loto... get it right...

Mentalpause

Kind of like fast boats - there will always be someone faster.