Real Estate

Big Canoe: Will Higher Gas Prices Trigger Local Downtrend in Real Estate Prices?

The Pandemic triggered explosive property valuations in North Georgia, and nowhere was this more evident than in Big Canoe, GA.  Social activity lockdowns in big cities like Atlanta, combined with free stimmy checks, fueled a boom in mountain vacation activity, as people rediscovered the outdoors.  This dramatically increased the popularity of income generating mountain vacation rental properties as 2nd investment homes.  Could rising gas prices threaten that? […]

Infrastructure

Big Canoe / Lake Petit Dam: Repair Costs HyperInflating; Seismic Stability Issues Back In Play

The Board recently revealed that repairs to the Dam will run $4.5 Million.  FOBC Sources now say this may be closer to $7 Million, and that even more engineering studies (and subsequent work) not previously estimated may be required.  A new letter from GA Safe Dams finally puts in writing that the Geosyntec Seismic Study from 1998 was NEVER ACCEPTED by the State, and that as part of the new Permit Requirement for current work, GSD will first require a redo of the Seismic Study… […]