Downsides to living on a lake/big pond?
Hi, I am co-investing in a house with my father who has always wanted to live on a lake. He is really pushing to buy on the lake, while I do not want to. I have an 11 month old and am hoping to have another child. To me, it seems like it would be one more thing to worry about...My kids or their friends falling in. Also, it seems like insurance would be higher because of this...as it is with a pool. The "lakes" where we live are more like big greenish ponds/very small lakes. No fishing/boating etc. Just something pretty to look at. Also, I had a friend who lived on a lake that dried up and the property values plummetted and they had to pay a huge special assesment. Comments from all appreciated about any pro's/con's I might be missing.