Must be skewed
The only reason for this would be because those who had the money before still have it now and the house prices continue to drop so it makes it an even greater buy.
As mentioned before, jobs in this area are going away, they were before the recession and they continue to do so. There are very little manufacturing jobs left in this area and there is nothing being done to bring them back into this area.
Once tourism is gone for the season much of the work force also leaves, this is indicated by the number of seasonal only restaurants and those new restaurants that pop up for a year then are gone when they cannot survive during the off season.
Just last night on the news, something like 2000 being laid off at Elliot hospital.
Those that don’t live here don’t realize how bad it is. Drive through Laconia and check out all the, for rent, for sale or just plain empty houses in the area. There are a lot more than you realize.
There is a brand new 3BR house down by the skating rink in Laconia that’s been advertized for rent for 1200.00 and it’s been empty for awhile. My wife has a 2 family in Laconia which has been completely remodeled. Rents were at 1000 to 1200 when she bought it. The rents are now in the 900 range because there just isn’t anyone in this area that can afford to pay that much. Especially when you can rent a house on the lake for that much as she found out when she did a search to compare rents.
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