Quote:
Originally Posted by FlyingScot
Paradoxically, a huge number of lakefront owners do not benefit from increased property values. Increased values are great when a person sells, but if your property is going to be in the family for decades or generations, the higher price tag does nothing until that day arrives far into the future, or your kids' or grandkids' future. In the meantime, as many have pointed out on other threads, higher lakefront property values (relative to non lakefront) increase property taxes every year.
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I think you are correct for Island Owners and maybe if it was 20+ years ago but I do not think newer owners (non Island) in the area are apt to pass along property as in previous generations.
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