Quote:
Originally Posted by Mr. V
Continued high interest rates have a chilling effect, as I suspect does the "aging out" of the boomers who now own most of the lake front properties.
There simply are not as many younger folk with the resources to buy as there are boomer sellers, and this will likely worsen over time.
It's a numbers game.
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Definitely a numbers game.
Washington is pressuring "The Fed" to lower interest rates; when that happens, the dam will break.
BTW: I have an opportunity to buy into a Florida house with an assumable 3.5% interest rate. I'm considering it.
