Hartley and Kevin converse about the weather and lakes of Missouri, Kevin informs us he will never fly again, and Hartley attempts to tackle the recent Alabama Supreme Court ruling. SHOW NOTES:Follow the progress of the Alabama Supreme Court ruling on IVF. There are 211 trading days remaining on the US Stock Market and our current record-highs for 2024 on the S&P 500 is 13. The song The Wreck of the Edmund Fitzgerald is a 1976 hit song written, composed and performed by Gordon Lightfoot to memorialize the sinking of the bulk carrier in Lake Superior on November 10, 1975. This episode starts off the rails because of this article mentioning the new forthcoming HGTV series. On the off-chance you need MORE information about the Lake of the Ozarks, click here. Hartley was close, but wasn't completely correct about why Chicago is called The Windy City. Learn more about the origins of State Mottos.Fact-check: the rules regarding owning homes on Lakefront Property: The only time a waterfront property is private is when it is surrounded solely by a landowner’s property. For example, if you create a manmade lake or pond, or a natural lake is landlocked by your property. Another example is a large acreage property with a lake on it. If the lake is situated completely within the land’s perimeter, then the owner of the land also owns the lake. The lake is considered to be private property, and the owner can do with it as they wish. Another private property example is when a home is on land that extends to the lake shoreline, but the lake itself is not part of the land purchased. In this instance, only the property is private. In other instances, property owners own the home, the land, and part of the shoreline. Some properties entitle you to use the water, but not to construct a dock or other structure by the shoreline.Power companies often build lakes for hydroelectric power generation and similar uses; this means that the company owns the lake. However, they may allow the land around the lake to be sold or leased. Usually, these lakes are open for recreational use. But, the power companies that own them typically instruct homeowners and visitors to follow certain restrictions and user guidelines. If you buy a home on a power company-owned lake, the home you purchased will be yours. The land, however, may be leased from the power company. But you don’t have to worry about the length of your lease term. Many lakes will lease land in 100-year terms. Buying a home on a leased lot is almost a hybrid between an inheritance and a leasing agreement. Buyers don’t have to re-negotiate lease terms with every property purchase. Instead lease agreements, responsibilities, and property additions – like boathouses and docks – are “passed down” to the next buyer. An important thing to remember about leased lots is the original landowner (the utility company) maintains ownership of the land and lake shoreline when leasing terms expire.Part of the U.S. Army Corps of Engineers’ role is “planning, designing, building, and operating locks and dams.” The Corps owns and operates more than 200 locks and dams throughout the United States, and in many instances owns the lake, shoreline, and property in the immediate area. Although on some lakes property can be sold for private ownership and use, there are other lakes on which no private construction or ownership is allowed.EPISODE FEEDBACK AND CREDITS: X / Tweet™ | @FaithMoneyBomb Leave a comment via Email | f.bombs@hartleywright.comHartley Facebook / Twitter / ThreadsKevin Facebook / BlogSounds by Zapsplat Podcast Theme: Catch It Music by Coma-Media from Pixabay Announcer: Dr. K.J. Wright
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Apr 27 202428 mins