Tuesday, June 10, 2008

Cottage prices starting to crack

High gas prices will drive cottage prices into a lower cycle. This happened during the great inflation of the late 70's and the minor recession of the early 90's. This past weekend I only saw one idiot in a giant cigarette boat zooming across the lake in 30 seconds! Then he followed the shore, which gave him a whole 3 minutes! (and $50 worth of gas!).

The article says that prices won't fall, but that depends on how many people are desperate to sell.

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