Down Market? The Smart Go Shopping
Like Dallas investor Dean MacFarlan, of MacFarlan Capital Partners who (Steve Brown tells us) picked up some vacation/resort properties at bargain basement prices from Centex Corp. (as Mr. Macfarlan told me) spanning from the Texas Hill Country to North Carolina and New Hampshire. I met with Dean a few weeks ago and was mulling a story about him but Steve beat me to it. However, I will tell you something Steve didn’t: Dean’s brother is a physician who went to Dartmouth (New Hampshire) and rowed crew, as my husband did, and I have already seen one of the Macfarlan properties at Lake LBJ — The Waters. Really great condos. In fact, I had jotted down the web site to call and then realized oh, these are the properties in the Centex portfolio those money guys picked up. That second home market is movin’ and groovin’. Dean Macfarlan also told me he intends to create an internal vacation home swap system (visions of Exclusive Resorts, Quintesse) for the owners of these properties so you could trade your Lake LBJ lake house, for, say, a New Hampshire mountain home. In just a few days you’ll see our July/August issue, all about second homes!
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