Quote:
Originally Posted by billethkid
I suspect there are more than just the developer who can afford to pay millions for a home.
Before all the lots around Lake Miona were sold and built out there were any number of them (the lots ONLY) that were $650,000 - $700,000.
Doesn't thake much to reach $1.5 to $2.5 million for those with the money to do so.
The million dollar plus homes don't seem to have the normal turnover of TV and when one does come on the market it sells relatively quickly.
btk
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btk: That is true . But I had always been under the impression that you didn't want to own the most expensive house in your area. since there is no address it is difficult to determine what values the homes are in the general vicinity of this home.
The other issue is of course the intended purpose of use. I suspect a well to do would buy his property as a vacation home and eventually sell it for a profit.
But I am not a wealthy well to do so my plans would be more tailored to my needs. In this case I would expand my search to find an area I liked where 2.4 bought me more I mentioned the home in Minneapolis only in passing because I have been to that home and the owner spent his entire working life preparing for that home on Lake Riley