Might leave CA
 

So, not sure if I’m in the right spot for this thread...correct me if I’m not. I’m approaching 60 and thinking about a 5 to 10 year from now place to settle down. Cost of living is getting ridiculous in CA. I’ll stay put in CA for now, but would like to buy a place now in I think LOTO, rent it for now. I guess my question is what areas are best for a fun boating scene, as well as nice restaurants. I guess a hospital nearby might become important 😁 I want to keep price around $500k. Lakefront with dock for 41’ boat. Am I dreaming?

You’ll need to bump your budget up a bit for that at LOTO. Wife and I have been birddogging property there for a couple years now. It was high enough before Covid and now its borderline ridiculous what property is going for. We’re hoping once things get somewhat back to normal in a year or two that a lot of the impulse buys this year will end back up on the market. Who knows though. We tried to go look at a condo to buy a month or so ago and I think it lasted about 5 hours on the market. It was about the only decent deal we had seen in awhile as it was second tier but had 2 slips and a garage so with a golf cart we could deal with being up the hill a bit. Someone else with the same thinking pounced on it immediately.

Not impossible to get water front with a dock fir under 500k. Not at all. Big baller house gonna have to up the buy in but from what I’ve seen you can get a livable place on the water for under 500. Might be back and away from hot beds like Osage but who cares? That’s the whole point right? Get out and boat to those bars and restaurants!


https://www.zillow.com/homedetails/5...18016734_zpid/

this place is awesome!
https://www.zillow.com/homedetails/2...18025135_zpid/

https://www.zillow.com/homedetails/6...26819194_zpid/

https://www.zillow.com/homedetails/1...85078324_zpid/

https://www.zillow.com/homedetails/1...17148322_zpid/

https://www.zillow.com/homedetails/1...24687887_zpid/


This is just a quick 5 minute search but I’ve been watching LOTO too. My only concern is the winter. I’m a fair weathered person. So my family. Lol

Everyone from these DemoRAT run states is running for the red states.. pretty sure this trend will continue for a while.
I wish I could get out of this ****hole. Starting Tomorrow we now have to wear a mask in the gym while working out, I`m taking advice from a fat **** governor who has never set foot in any gym... to top it off these sheep in there are already going it anyway, brainwashed morons

Thanks to knot and tank. I here Four Seasons is leased land, does that really matter. Of all locations what’s the best for all around boating, family, restaurants, shopping?

Also, I hear you can’t rent your home in Four Seasons, is that true?
Thanks

Prices right now at LOTO are going crazy. Decent stuff is selling for 30-50% more than it was a year ago and sold within hours of being listed. There are major reasons that the ones you listed have not sold yet. My advice on buying at LOTO...........Get a GREAT REALTOR who knows the ins and outs of LOTO.

The very nice 2nd one is 29mm of main channel and not no wake as stated. It is rough as fuk there on a summer weekend. A friend has a house on the other side of the white/brown condos. He said he checks his dock weekly and has a welder on speed dial.

The 3rd one is in TanTara and needs work. High HOA's and in most of TanTara, you don't own the land. You have a 99 year lease on the land which is very expensive at $500-1000+/month.

The 4th one is also main channel. Small world...my grandpa built it as a spec house. It has been added onto a couple times since, but looks like it has never been updated since he built it. He actually developed about the shoreline to the right(looking from lake), two lots to the left and the upper tier area. My parents owned the empty lot to the left. Another issue could be septic system. It was going to cost 40k for my parents just do a septic system since the lot is not very deep.

The 5th one is also just off the channel of Gravois Arm 4.5mm. It will be very ROUGH on weekends.

The 6th is a duplex/townhome with slip on community dock and HOA is $540/month. Nice place and good location by land and water, but pricey for what it is.

Four Season's is not leased, at least for the most part, but still has higher than normal HOA's. Tan Tara is mostly leased land, but some people have bought out their leases and purchased the land.

I think that depends on which development your are in.

A turn key single residence home with decent square footage, decent lake frontage, centrally located in a nice cove with a nice 2 well dock is going to set you back well North of $500K. Most of what we look at that we’d be interested in is in the $600-700+K range. And I’m not talking some mansion. Just a nice, clean home. You have to really watch were you end up by land and water.

the problem i am seeing is when they leave the blue states they still vote deomcrat after they move.

most if not all condo's with slips are a 99 year lease also you dont pay PP tax on the slip so you dont own it

Spot on. I have the duplex, called Villa just to the right of the one in #6. We have been there since 2006. They are nice, and roomy at about 3300 SF, and the surrounding property and community pool is well kept with a lot of green space. But as Griff said, all those nice surrounding grounds come with quarterly assessments to keep them in that shape. As the current treasurer, I've become painfully aware of how much it costs to keep it looking the way it does. HOA dues are $1228 per quarter, $240 of that goes to reserve for future major ticket items like painting and roof replacements. The other $988 goes to operational maintenance, mostly taken up by huge landscaping, mowing, mulching etc cost, pool maintenance, utilities, insurance, and exterior villa upkeep.

This summer 5-6 of the 38 villas sold, and a couple of them sold for more than asking price as a couple buyers would get into a bidding war. The only ones that were on the market for very long were the ones that went on the market before the virus hit. My wife and I talked about selling, as we have a pretty sweet location with a large slip, and a second slip on the dock closest to the golf course that we keep jetskis at, and filled it half in for swimming off of and entertaining. The is not a ripple back there even on the holiday weekends. I think I could turn it pretty quickly. Our issue quickly became finding a cove like that and the same amenities and space in a private home, say in Cove 6 nearby. Once we started looking, to replace what we have in a private home was not only north of $500K, it was way closer to $1M. And although most of them had decent water, it is really hard to find "not a ripple" on a holiday weekend.

That said, if it were my primary home, I'd sell in a second, plus sell my primary home and move to a private home, likely in Cove 6.

From what I've seen online, I completely agree with you. To match what I have out here on the water in California, I'm only going to save $300k - $400k, it's not like what everybody thinks - you can't move back there for $300k and live happily ever-after.

If you're willing to go a bit more...remote...Table Rock gives you a larger bang for the buck than LOTO.

Two totally different lakes, on TR only a hand few of places to eat and drink on the lake compared to a hundred or so at LOTO, I had a place on TR for 13yrs the clear deep water is awesome, my boat on TR is king daddy just another boat on LOTO

Some great info there. I only know what I've been watching on zillow and what not. You look at these houses and think, "that's totally doable" but don't know the intricate details like you're saying.

The prices do seem crazy out there right now but it's all relative...Prices are freakin crazy EVERYWHERE!! And if you're moving from somewhere like Ca. where the property tax, state, tax, cost of living is presumably higher, you have to estimate that in. I don't know those details but coming from CA. it HAS to be better. Plus I think (from visiting) the overall quality of life there can be better. More relaxed, people friendlier, more down to earth, less crime, homeless, drug issues, etc. Of course, living here on the beach in Ca. doesn't exactly suck. LOL I don't think I could do full time in LOTO though and deal with the winters.

Buddies moving to Tennessee next week because of the great tax breaks. He's retired and looking forward to it.

It's funny because people moving to the mid-west seems to be a hot topic on many forums and in conversations I've had with friends and family and various people as of late.

Thanks for all the input. I had taken a quick look at TR a while back, but didn’t see any lakefront homes “with” personal dock in front of home.
I like the idea of lots going on around me, but away from all the wakes hitting the dock.
I noticed several homes for sale in Camdenton, but this area seems away from all the action?
By the way, I may be from CA but not a Dem!

there are a few but they were grandfathered in before the CORPS basically said no more, so they started building community docks usually 20 slips each set off main channel so they cant be seen, this is what I like about TR the shorelines arent littered with docks like LOTO, good friend of mine has 3.5 acres on a flat point and has a 5 well personal dock on TR, like I said 2 totally different lakes

SW Florida is where you should be looking. you can have it all with that budget.

I need to get out of the CT, LI, RI area...a decent waterfront property is 700k minimum.

We are looking at LOTO for a summer home. Budget started at $500-600k and is now at $1mm to get what we would even consider worth owning near Osage. .

As many have stated, get outside the main areas of town and you can get stuff in the $500k range. Lots of things up past the 35-40mm are in great coves and not nearly as expensive as the Osage/Lake Ozark/4 Seasons areas.

Lots of REALLY nice condo complexes in the developed areas that are under $500k and will get you some return as rentals.

Here is just one example of a great complex.
https://www.realtor.com/realestateandhomes-detail/1225-Lands-End-Pkwy-Apt-732_Osage-Beach_MO_65065_M83250-23821

https://www.realtor.com/realestateandhomes-detail/Lands-End-Pkwy-Unit-811_Osage-Beach_MO_65065_M96957-80972

As long as the cold doesn't bug you too much I would at coming to Michigan. Whether you want to live on Lake Huron or Lake Michigan, both have lots of boating as well as good restaurants. I'm up in Port Huron/St. Clair Michigan and during the summer the boating here is great.

Don,t come to MI. way to short boating season, way to long winters with SNOW.
And we are always in LOCK DOWN mode!
our self imposed dictator will drive working class out

LOTO is amazing, there are a tons of great properties, the trick is to know what you want, There are some nice homes that are 30 yrs old and have a kick ass doc and that will drive the price up. There are also some nice homes with a very small dock. Some homes are close to bars, some very remote and you get to boat a little to go to dinner by water. some places are easy to get to by boat but a real biatch to get to by car. or the the other way. I know almost every inch of that lake. give me a call Ill find ya the right property that fits you budget and checks off the boxes of what you need. i also know of some properties that are for sale that are not on MLS (everything is for sale :) some people just dont want to list it)

Randy Wild
314-420-2619

I purchased a condo in Osage Beach this past winter. After towing wide boats from Cali to Loto for the past 10 years during the shootout it seemed like a good idea. I planned to fly out for a week vacation each month during boating season. Covid changed my plans a bit. I towed the boat to the lake in August and towed it home in September to winter in California. My retirement plans will be to keep the condo and buy a few acres with a modest home to build a shop with heat and air to store my cars and boats when the weather becomes unbearable. Property is cheap an hour from the lake.

^^^^^ this is the best way to REALLY find out the best options. Call a guy that has lived, built and sold at the lake for years. And has always been a "boat guy" so he gets the whole picture.

Four Seasons is not leased land. Tan-Tar-A used to be, not sure if it still is. Short term rentals in Four Seasons is a no. Long term ok. In other words, no AirB&B or nightly rentals except at the Lodge or Tree Tops or places like that. Yearly rentals ok. Keep looking, there is a lot of property out here to buy, you just have to be ready to buy when it goes up. Every house on my street that went up for sale this year since March, sold fast and in the 450K to 700K range. Including, docks, some or all furnishings. It is a great place to live, but I will tell you, it gets rough on the weekends, places are busy, this is the Lake Life. Got to wait your turn, don't yell at the workers, they are doing the best they can and don't be a cheapskate. They work 4 to 6 month's non-stop and that is all they make. Marina's, paint shops, dock builders, lift builders are all busy. I did talk to a dock guy yesterday, that had a customer cancel his new dock until the election is certified.
Do your homework.

Yay!!! Met a guy last week at Lucy's. He is a Cali transplant, told me the same thing !!

Property is cheap 10 min from the Lake. Bought a lot on the river side, building a cabin and shop to get away from the Lake when I want too. 150K Max, land, cabin and garage.

If you don’t have to be on the water $500K will get you a real nice place in some nice areas that will either have a community dock that you’ll have to drive to or you can lease a slip at a marina (what I’m currently doing). As stated above, if you don’t know the area well get hooked up with someone that does to help guide you. I’ve passed on a lot of nice places as by water they are where I want to be but by land it sucks and vice versa. Even with the prices being where they are at I’d still buy if the right place came along and I got there before everyone else. At some point burning thru $10K a season on rent makes less sense then paying a premium on property.

Yes you are quite a bit away from the action down in Camdenton by boat.

hahaha as long as his name isn't Jimmy Darr, PaPaPumkin, Campwhatever his screen name was. If he mentions poly carbonic windshields or SuperCat Cove be sure to run!

Makes no sense to me to buy in an inflated market, remember 08 09...... it will come back to reality.

Construction costs are crazy also.
We have plans/engineering worked up for a house on Pend O Rielle in north Idaho but am still trying to get my head around the current cost. Definitely a huge spike in the last year.

Everyone is running from the lockdowns, LOTO is wide open and making a killing .Good for them .

A 2x4x8 today costs what I paid for a 2x6x14' 10 months ago,

LOL...truth. I build/remodel. I was framing a remodel a couple months ago when one of my peers called me and asked if I had looked at my receipt, I thought he was setting me up for a joke or something and I said no, he said I should look at it. Not really understanding what his angle was I went out to the van and looked at it...shock! My first thought was that my supplier had charged me for 2x10's when they should have charged me for the 2x4 studs. Nope, the prices had tripled practically overnight. Shame on me I didn't have a price escalation clause in my contract. On top of the extra $$ for the lumber, delays abounded and my 6 week project ballooned to 12 weeks. Now all contracts have a price escalation clause and term duration disclaimer. I put in a projected completion date but it is just a rough estimate and will not be held to any sort of completion date or I'm not accepting the job.

Prices started going up when Covid hit and now the whole south has been hammered with hurricanes.

Yesterday I just bought 1 pc of plywood and 6 2x4s to make some cornhole boards....I thought I was overcharged. It was over $70. I was surprised and double checked my receipt 5 times!

It's true but also relative. If you have a million in equity in your Ca. house, it's not so bad. I don't think some realize how crazy prices are in California, especially any city that's remotely close to the ocean. City next to us is a no-thrills, basic 200k population city that sits near the coast. Sits between L.A. and Santa Barbara. a 1400 square foot house, 3 bed, 2 bath, 2 car garage on 6k sqft lot, no frills basic house 10 miles from the harbor and beach is going for 595k! So, when you're talking to people that are moving from Ca. to the midwest and saying prices are crazy, again, it's all relative.

Smart thing to do is sell house in Ca. move to LOTO and rent until the market comes down. Then you'd be way ahead.