
LAKE MARTIN in the NEWS-
Bubble? We don't need no stinking bubble.
For those of you worried that there is a housing bubble that is ready to pop in the Lake Martin real estate market, maybe the recent mess of clippings will bring some new info.
Recently the Lake has been mentioned in the following publications, (in order of increasing circulation):
The Alexander City Outlook - which is lighting the way for us all, said in this article that "Alabama residents have long known of Lake Martin as a scenic getaway; now, the rest of the country is beginning to take notice."
MSN Money had an article on emerging second home markets that listed the Lake in the top 10 in the nation- with this blurb "Lake Martin, Ala. Bass fishing is big in this town nestled in the southernmost foothills of the Appalachian mountains. Nearby: Birmingham, Montgomery and Atlanta."
Barron's Magazine had an article in late May that stated:
In Alabama, a 320-mile lake whose waters are still drinkable is being developed by a conservationist. The pristine Lake Martin has become a destination for second-home owners not only from Alabama, Georgia and Tennessee but around the country.
"We're trying to make sure we're building something you can't get anywhere else," says Steven Arnberg, company broker for Russell Lands, of the developer of Lake Martin. The company is using building materials forged from native trees and stone. "It looks like the houses dropped from the sky," says Arnberg. Lake Martin is still being discovered, so there's probably upside left, despite 40% jumps in land values.
... Well that is amazing. I thought it might be true, but to read that Arnberg admitted this in a national publication really hits home with me. Houses dropping out of the sky! Holy Crap! What a potential hazard!! I don't know if these 40% jumps in land values will continue once people realize that a house might fall out of the sky on top of them or their loved ones, or their families, too. I must admit I have seen some of the new homes around the lake and I have wondered. My next question - what about the asphalt streets that service these houses? Mr Arnberg, please help us? Where will the next rash of falling houses happen? Lookout from above!! And what about the people that inhabit these houses? Do they fall from the sky as well? Save us Mr. Arnberg, save us my pretties ..................








