Monday, April 19, 2010

How to save money by not buying lakefront property

Howtomakeadollar is all about ways to make money.  We also like to occasionally feature ways to save money.  One of our recent posts was how to save money by not buying a swimming pool.   This post is all about how to save money buy not buying lakefront property.

Step 1: Do not buy lakefront property.

Lakefront property is not a good investment.  It will not make you any money ever.  You may have heard that historically lakefront property increases in value every year by 10%.  This is utterly and completely false!  Historically it decreases in value by 10% a year (sometimes twice a year).

Step 2: Repeat step one.

If by chance you have already bought lakefront property... we are sorry.  Howtomakeadollar feels your pain.  But if you have bought lakefront property... the best thing to do right now is double down.  Thats right... forget steps 1 and 2 of this business plan and buy another piece of property.  Specifically this one...  It is a beautiful lot on Leesville Lake in Altavista, VA.

BUY ME or see more pictures HERE

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