When the Rich Jump In, There's Probably Gold at the Bottom of the Pool!

It might be a silly headline, but it's probably pretty true. People with money didn't get there by making stupid decisions. And it isn't a bad idea to watch where they are spending their money -- especially when it comes to real estate -- because they will most likely come out OK on most of their investments.

The problem is that, oftentimes, the great majority of the population can't make decisions or move fast enough financially to get in the game at the right time. And when it comes to purchasing a lake home or cabin, the sense of urgency can be curtailed by family gatherings, summer vacations, and any number of other important events.

This article from CNN Money talks about the fact the million dollar plus homes are now the fastest ones moving. Obviously, in a pure dollar comparison, these homes have been reduced by more than most homes even sell for, so it is a huge savings...and most likely a very good investment. But there are tons of lower-priced properties on the market that have been reduced just as much on a percentage basis, and many of them are great bargains as well. And that is especially true in waterfront and vacation homes on good lakes and good lots, which will always be in demand by people of all income brackets.

So with spring almost here, maybe it is time to check back into that lake house shopping mode and see what's out there. If you're a highly qualified buyer, you may never get a better chance to find the most for the money in a lakefront property.