Why is purchasing a home on Lake Minnetonka in this market a good investment?
Wed Apr 30 2008, 11:34 - Wayzata - Home Buying - 4 answers
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Lakeshore in general is a good investment, and for one very simple reason, God isn't making any more lakeshore.
Thanks, Todd Norsted Wed Apr 30 2008, 13:30 Web Reference: http://www.toddnorsted.com
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Patty,
Asking and answering your own questions I do not think is an appropriate usage of this forum. Wed Apr 30 2008, 12:36
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It is not a good investment, it is a great investment! Lakeshore has continued to appreciate and investment wise there is not a safer investment with significant upside potential.
Wed Apr 30 2008, 12:30
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A home on Lake MInnetonka is a great investment for several reasons.
1. It is a large recreational lake within 30 minutes of a major metropolitan area. I has almost 300 miles of shoreline and is comprised of several bays. It is one of the very few lakes that has restaurants and golf courses on the lake. Boat to breakfast, lunch and dinner or golf. It is one of the nations best Bass fishing lakes. It is well known for its three yacht clubs that have produced several world class sailors. 2. It is one of the very few investments you can make that can change your family's lifestyle and quality of life while your money is still invested. Lake Minnetonka real estate has out performed almost any investment that may have been made in the stock market. It has consistently appreciated and will continue because of "supply and demand", there just is no other lake like it in the surrounding area. There isn't the volitility that you may have on either of the coast. 3. It is a GREAT place the raise a family. Lakeshore living affords the opportunity for a variety of family activities. Where peopel of all ages can enjoy the lake together all at one time all at different levels of activity. Wed Apr 30 2008, 12:10 Web Reference: http://www.pattyyorks.com
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