Saturation Point

[1952boyntoncollector]

Originally Posted by yanksfan09

Anyone's guess I suppose. One thing about those waterfront properties though... They are prone to flooding and storm damage!

right but FEMA always bails them out..

[KCRfan1]

Originally Posted by 1952boyntoncollector

right but FEMA always bails them out..

Love the analogy Jake.

When the housing market crash hit CA, everything got hit except homes on the beach.

I can't afford Malibu, let alone the west side of the PCH there.

So, we buy what we can afford. Certainly not as flashy or valuable as Malibu ( 52' Mantle ), but we love what we have. Appreciation may not be as high or quick, and demand not as great if we sell. As a result, we may be more affected if there is a collapse in the market.

And if i'm buying beachfront, I'm not concerned with storm damage or water. That's a risk I take because the upside and demand outweighs any cons.

[botn]

Originally Posted by KCRfan1

Love the analogy Jake.

When the housing market crash hit CA, everything got hit except homes on the beach.

Actually that is not accurate. Even the homes on the water came down between 2008 and roughly 2011. They came back much faster than all other areas and now are far beyond their previous highs.

[KCRfan1]

Originally Posted by botn

Actually that is not accurate. Even the homes on the water came down between 2008 and roughly 2011. They came back much faster than all other areas and now are far beyond their previous highs.

Thank you for the correction. Our home was inland...

[1952boyntoncollector]

Originally Posted by botn

Actually that is not accurate. Even the homes on the water came down between 2008 and roughly 2011. They came back much faster than all other areas and now are far beyond their previous highs.

i think the point both of us were making is the waterfront properties did not go down the same as the other properties and as you stated that have now taking off as well