I'm not even thinking about the average lakefront home. Most of the folks I know up there are people who've been there forever. They didn't pay the rates people are paying today...and many did, indeed, inherit the properties (after all, I'd venture a guess and say that most folks frequenting this forum would agree that a lakefront property is certainly worth holding on to!).
What I'm curious about is the rash of HUGE lakefront shacks that've popped up over the past 10 years or so -- and what these cats do for a living. Sure, there've always been the grand summer places like those on Governor's Island, etc. But the proliferation of NEW giant construction...that's what I wonder about. Amazing. I gotta start playing more PowerBall or something, 'cuz the day job won't put me in anything more than a room at the Pine View Lodges...