In a closed system, but we aren't in a closed system.
Also from a valuation standpoint, it makes no difference whether you are resident or non-resident.
But increase in valuations also have to take into account STR options... which expand the opportunity.
It has been going like this for over fifty years... bumps along the way... but always the lakefront properties have gone up in valuation more than the back lot properties.
The lots get smaller to keep the costs down... the homes grow to fit the maximum allowed on the lot... and windows toward the lake size take up more of that wall. We are just manufacturing much large window options than what I had available in the past.
And with the engineered wood offsetting the need for steel beam supports... there is even more savings that promote the larger window walls.
Descant... because as much as people think things are expensive here - they are cheap in relation to other desirable locations.
|