Quote:
Originally Posted by Altavia
That person missed the distinction of a home doubling in price in three years vs. over 10+ years.
Mostly was due to purchasing before the bridge and commercial business were in place.
Designer Homes were discounted up to $80K, A nice water view lot that was $50K at that time now adds up to $250K to a new home cost.
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Good point, but even doubling in 10 years seems like a good/impressive investment. I didn't buy my house in Lake Denham as an investment. I'm expecting to live there for my full retirement. Of course things can change. I also considered resale value and I bought at full price. Lots like mine were not going to be discounted. If we get a cart bridge over 470 and some development that Wingnut mentioned in the last video (he didn't mention the bridge but pointed out some commercial space around 470 near the Denham or Dabney entrance), that should help our home values.
I don't expect to lose money on my lot no matter the trashing of Lake Denham values. I don't see many lots with back yards like this.
