docks special?
I believe docks fall into a totally separate arena from waterfront real estate. There are more emotional factors driving dock purchases than normal property. This includes, but not limited to:
- perceived disappearing opportunity ("I'll be locked out")
- lowest cost method of "owning" a piece/portal of/to the Lake
- perception (true in recent history) that prices will continue to rise 20+%/yr
- "gotta have a place to put my $500,000 boat and $100K dock ain't too bad"
There may be a bubble looming for docks. Who knows.
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