Chilhowee Lake Topics: Here is One For You Feb

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	Name:	Feb -
	Subject:	Here is One For You Feb
	Date:	7/25/2006 1:50:26 PM

Maverick is very good with numbers, and it is obvious he enjoys his talent. It would of taken me signifcant time and effort to reach the exact or correct numbers (if ever). As Osms pointed out there are various factors that will change the numbers; therefore there will or may not be one exact correct number. It does not take more than common sense to come to the obvious which Maverick, Osms and I all agree upon.

If you will check my past post, I have always maintained, as my opinion, an APCO leased property is the second best way to the best of all worlds (being on Lake Martin). I intial attempted to win an APCO lease. Years ago many if not most all cabins on the Lake were on APCO leased lots.

Two months ago Ron Morgan (Lakedog Appraisals) had a detailed article in Lake Magazine that states almost exactly what is discussed in this thread. I would recommend anyone interested in obtaining Lake Martin property to go back and read the article. I think it is even available on the internet. I know Lake Magaizine is available on the web. Ron also has his business web site that you can contact him through for a copy. (I am in no way associated with Mr. Morgan other than a former customer).

I would agree with others posting in this thread, an APCO leased property is becoming more desirable all the time. For some, it maybe the only way to get on the Lake. Mr. Morgan states in my recent appraisal and in his article; "The demand exceeds the supply for deeded property on Lake Martin". I would take it long before a condo or some of the other properties claiming to be Lake property which are not in my personal opinion. Just because you can see the water or have acess to the water does not mean you are on the water.

I trust JIM as honest and respect his opinion. I think JIM's experience was not with a direct APCO lease. I am sure he has a reason for his opinion.