foxfirev5
Thinks s/he gets paid by the post
- Joined
- Mar 22, 2009
- Messages
- 2,991
We've had two homes for 18 years. The second is our lakehouse 17 miles from our in town residence. At this point it is partially a vacation/ recreation site for the family and partially an investment. Our main house while impressive is one of our worst investments and the lakehouse one our best. However the situation is changing as our assessed value just went up 51% this year! This would present a problem for anyone buying the property for use as a second home. Summer houses are being torn down left and right with huge three story behemoths wedged into the 50 foot lots. Our neighborhood of weekenders and snowbirds is disappearing. I am quite confident we're in a serious RE bubble ( for Michigan). Maybe it's time to cash in.
We'll hold tight for awhile but it's just one example of the unlimited number of things that can change over time.
We'll hold tight for awhile but it's just one example of the unlimited number of things that can change over time.