I deleted the post I made that was off topic. I think island property (and waterfront in general), boat slips, valet, and parking spaces will continue to be in high demand and thus prices will rise regardless of a downturn. They are finite resources that will continue to be in demand - and no matter what happens with the economy, there will be people who can pay.
Personally, I don't think island or shorefront property is a good investment as many things offer a much better rate of return. People who are buying are those who want to enjoy the lake.
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