Quote:
Originally Posted by thinkxingu
There's a lot of evidence that younger generations might not want the baggage that comes with second homes or, even if they'd want to, might not be able to afford them.
For that reason, and given that luxuries go before needs, I don't think it's unreasonable to think we'll see prices drop at the lake...or at least not increase in value as aggressively in the past.
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Maybe not as aggressively.
But unless a reasonable amount of properties come onto the market, it will always have that ''shortage effect".