Weirs Beach Water Slide

krm · 01-30-2010, 12:16 PM

corrolaman,
You are showing your age, it make sense that some one your age would have that outlook, you must have started out in life after school in the crappy economy. But trust me having lived through 3 of these down economies, now is the time to invest, buy as much as you can get your hands on. Land, like the water slides will be worth many times that in the long term, people don't buy stuff like that to flip (like a house). In a dozen or so years, everyone will say that gold mine sold for nothing, pocket change compared to what it is worth.
Now is the time to be moving forward, get your traction and catch the economy, with a full inventory or whatever (all created/procured in the cheap down economy)
KRMRK

lawn psycho · 01-30-2010, 04:21 PM

krm is right.

If you are looking for commerical property right now, it's a major buyers market. If you have the money to capitalize on it, you better get in the game now.....

Mike M. · 01-31-2010, 03:08 PM

Quote:

Originally Posted by lawn psycho

krm is right.

If you are looking for commerical property right now, it's a major buyers market. If you have the money to capitalize on it, you better get in the game now.....

Right now is a horrible time to buy into commercial real estate. Commercial real estate has lost a lot of its value over the past two years but what makes you think it’s the bottom right now?

Free market economist who predicted this economic downturn very accurately at the height of the real estate bubble would disagree with you. They believe over the next few years that the commercial real estate bubble will burst.

Although I am very close in age to corrolaman I think the Weirs area has been on the decline for a while now. Hopefully this young investor can be part of the turnaround we’d all like to see.

nj2nh · 01-31-2010, 08:22 PM

The thing that I like best about the lake is that there is a little bit of everything for everyone. Wolfeboro and Meredith are definitely upscale. The Weirs is kitschy (I am sure that is spelled wrong), but I love it the way it is. Alton is somewhere in between. Moultonboro, Tuftonboro and Center Harbor are, mostly, "bedroom" communities.

I remember when the Weirs had bowling. You can still see the lanes at the Half Moon. I can see the merit in upgrading and modernizing the Weirs, but I wouldn't mind if it stayed the way it was. Of course, my kids love the Volcano Mini-Golf. Frankly, it was one of the best. I haven't been to the waterslide there since I was a teenager. My kids, oddly, don't want to try the waterslides there, but they did enjoy Surf Coaster a few times. (We go to Water Country now).

It's too bad there isn't a way to make what is there great without destroying the history. I hate to see everything slowly disappear. I see it every summer. I was devastated when Bailey's in Wolfeboro became The Front Porch (even though I know the current owners). I like the new mini-golf in Alton, but we miss the old one terribly. The Pavilion in Alton Bay is a crime. I can't believe that McGrath's is gone finally and forever. If Black's in Wolfeboro or the Old Country Store in Moultonboro ever close, I will simply curl up and die!

I know things change, but that doesn't mean I have to like it.

nj2nh

brk-lnt · 02-01-2010, 10:40 AM

Quote:

Originally Posted by nj2nh

It's too bad there isn't a way to make what is there great without destroying the history. I hate to see everything slowly disappear.
nj2nh

By this logic though we should still have motels in the area with no indoor plumbing or 'lectricity.

Sometimes things run their course, customers desires change, and places (like the Lakes Region) that ultimately survive on cash influxes from visitors are best served adapting to the times.

The historic Weirs certainly sounds like it was a great location in its heyday, when it offered the things that people wanted. The Weirs of today is simply leaving money on the table by refusing to adapt to the modern customer.

Nostalgia is nice, but it rarely pays the bills.

lawn psycho · 01-31-2010, 10:15 PM

Quote:

Originally Posted by Mike M.

Right now is a horrible time to buy into commercial real estate. Commercial real estate has lost a lot of its value over the past two years but what makes you think it’s the bottom right now?

Free market economist who predicted this economic downturn very accurately at the height of the real estate bubble would disagree with you. They believe over the next few years that the commercial real estate bubble will burst.

Although I am very close in age to corrolaman I think the Weirs area has been on the decline for a while now. Hopefully this young investor can be part of the turnaround we’d all like to see.

Why now? Because there is a lot of inventory and you can name your deal. When the market recovers the best locations and deals will already be gone. Real estate lags the economy.

Mike M. · 02-01-2010, 05:31 PM

Quote:

Originally Posted by lawn psycho

Why now? Because there is a lot of inventory and you can name your deal. When the market recovers the best locations and deals will already be gone. Real estate lags the economy.

Businesses are shrinking or closing at all levels of the economy. (Starbucks, KB toys, Home Depot, mom and pop shops) Who is going to buy or rent these vacant spaces? As long as businesses continue to down size, we will see the price of commercial real estate go down.

lawn psycho · 02-01-2010, 07:17 PM

Quote:

Originally Posted by Mike M.

Businesses are shrinking or closing at all levels of the economy. (Starbucks, KB toys, Home Depot, mom and pop shops) Who is going to buy or rent these vacant spaces? As long as businesses continue to down size, we will see the price of commercial real estate go down.

Mike, all those reasons are precisely why it's the time to buy commercial property. Lots of inventory means big-time buyers market.

What you are thinking is of someone flipping the thing and having a whiz-bang operation by summer. The reality is you have to have deep pockets and can handle the carrying cost. It's a longer term investment.

Pick five of those properties that are in otherwise good locations and look at what the cost. Pull that list out in 10 years and see what they are worth

Mike M. · 02-03-2010, 03:10 PM

Quote:

Originally Posted by lawn psycho

Mike, all those reasons are precisely why it's the time to buy commercial property. Lots of inventory means big-time buyers market.

Just wait a year or two and see how much better that buyers market becomes. You perceive a lot of inventory as a market signal to buy; I perceive that as an overpriced market.

Quote:

Originally Posted by lawn psycho

What you are thinking is of someone flipping the thing and having a whiz-bang operation by summer. The reality is you have to have deep pockets and can handle the carrying cost. It's a longer term investment.

What you are thinking is of a time in our history when this country saved and produced, not spent and borrowed like the unfortunate reality we live in. What you are forgetting is the ugly fact that in the past few decades we’ve gone from the largest creditor nation to the world’s largest debtor nation. To over simplify it, prices have been bid up because of easy credit. None of the underlying issues that caused this bubble, or any bubble for that matter have been corrected, they’ve only been exacerbated.

Quote:

Originally Posted by lawn psycho

Pick five of those properties that are in otherwise good locations and look at what the cost. Pull that list out in 10 years and see what they are worth

As far as this water slide is concerned it may have been a great deal at its selling price, but the overwhelming majority of commercial and residential real estate will be worth much less in 10 years when measured in real value, not nominal.

In general investors would be better off waiting until after the crash to invest, not before.

lawn psycho · 02-03-2010, 10:45 PM

Mike, it's very easy to be pessimistic right now. I am not exactly liberal in spending by any stretch. Trying to time the precise bottom is impossible.

I'm not going to enter a prolonged debate about RE. I can tell you right now I would put all my chips on the table to buy commerical RE if I had deeper pockets.

The Weirs area needs to reinvent itself. It's too run-down. We almost never go there anymore, maybe once per year at most.

mets3007 · 02-03-2010, 11:27 PM

I have been going there since I was 8 and now I am 29 I love the Weirs but its getting old and outdated. It needs to be shaken up new things are needed. Its like stale air and fresh air is needed to breathe new life into the Weirs. Do not get me wrong I love the Weirs but it needs changed or it will go kaboom and nothing will be left.

gf2020 · 02-03-2010, 11:34 PM

Quote:

Originally Posted by Mike M.

...but the overwhelming majority of commercial and residential real estate will be worth much less in 10 years when measured in real value, not nominal.

I'm not sure what your educational or professional background is Mike, but I think you would be hard pressed to find many people who would agree with that statement.

fatlazyless · 02-04-2010, 10:07 AM

About four house lots up the road from the Waterslide, there's a parking lot on a single one acre lot that was carved out of the residential hillside, and bordered on both sides by single family residences.

For an example of an incredibly bad land use decision by the Laconia Planning Board, go take a look at it. About ten years ago the planning board approved the demolition of the existing older hillside house, and excavation to make a parking lot that is level with the road. Turning a residence into a commericial lot as a year-round parking lot and Motorcycle week vender set-up was allowed by the city. With comments like:" It's his property and he can do what he wants to do," it got approved by a 3-2 vote, or something.
...........

Building a casino with slot machines in that Waterslide location would be like starting a serious crack-cocaine addiction into the area. It would get a lot of people hooked on gambling and just suck the money out of them and creat a big bucket of side-social issues.

The Fun Spot Bingo Hall seems to be pretty busy, judging by the parking lot, so's a casino would probably become a magnet for people looking for something to do. Is that a good thing?

aquadocton · 04-28-2010, 11:40 PM

Quote:

Originally Posted by fatlazyless

Building a casino with slot machines in that Waterslide location would be like starting a serious crack-cocaine addiction into the area. It would get a lot of people hooked on gambling and just suck the money out of them and creat a big bucket of side-social issues.

The Fun Spot Bingo Hall seems to be pretty busy, judging by the parking lot, so's a casino would probably become a magnet for people looking for something to do. Is that a good thing?

No one is going to build a casino on a postage stamp size lot with inadequate roads leading to and from it. There's no room for expansion or improvement. A casino, if it is ever done, is going to be closer to I-93 on a large parcel of land allowing room to expand and have roadways large enough to handle the traffic. There is no property anywhere near Weirs Beach that is going to catch the eye of a casino developer. Just my 2 cents.

trfour · 04-29-2010, 02:52 AM

That I took once in winter, if ya'all want to see it...

Terry
_________________________________

fatlazyless · 02-04-2010, 10:12 AM

About four house lots up the road from the Waterslide, there's a parking lot on a single one/half acre lot that was carved out of the residential hillside, and bordered on both sides by single family residences.

For an example of an incredibly bad land use decision by the Laconia Planning Board, go take a look at it. About ten years ago the planning board approved the demolition of the existing older hillside house, and excavation deep into the grassy hillside to make a 1/2 acre parking lot that is level with the road. Turning a residence into a commericial lot as a year-round (i.e. seasonal) parking lot and Motorcycle Week vender set-up was allowed by the City. With comments like:" It's his property and he can do what he wants to do," it got approved by something like a 3-2 vote.
...........

Building a casino with slot machines in that Waterslide location would be like starting a serious crack-cocaine addiction into the area. It would get a lot of people hooked on gambling and just suck the money out of them and create a big bucket of side-social issues.

The Fun Spot Bingo Hall seems to be pretty busy, judging by the parking lot, so's a casino would probably become a magnet for people looking for something to do. Is that a good thing?

jmen24 · 04-27-2010, 03:14 PM

Just thought that folks might like to know that this property is still in the hands of the original owners. The young man that purchased the property did so at the request of the previous owners. They had to get out from under an awful mess that will come closer to light as time goes by, but that is not for me to discuss.

The owner of the drive-in, confirmed this.

It is not going to be developed into anything else.

upthesaukee · 04-27-2010, 03:21 PM

Quote:

Originally Posted by jmen24

Just thought that folks might like to know that this property is still in the hands of the original owners. The young man that purchased the property did so at the request of the previous owners. They had to get out from under an awful mess that will come closer to light as time goes by, but that is not for me to discuss.

The owner of the drive-in, confirmed this.

It is not going to be developed into anything else.

But this article in the Citizen seems to belie the fact that the original owner still has the property:

http://www.citizen.com/apps/pbcs.dll...880/-1/CITIZEN

jmen24 · 04-27-2010, 03:57 PM

Quote:

Originally Posted by upthesaukee

But this article in the Citizen seems to belie the fact that the original owner still has the property:

http://www.citizen.com/apps/pbcs.dll...880/-1/CITIZEN

I sent you a message

Irish mist · 04-27-2010, 04:28 PM

Quote:

Originally Posted by jmen24

Just thought that folks might like to know that this property is still in the hands of the original owners. The young man that purchased the property did so at the request of the previous owners. They had to get out from under an awful mess that will come closer to light as time goes by, but that is not for me to discuss.

The owner of the drive-in, confirmed this.

It is not going to be developed into anything else.

Is this the same Baldi family that is selling the movie-house in downtown Laconia to the city of Laconia for 1.8 million dollars ?

Mr. V · 04-28-2010, 07:29 AM

This sounds fishy.

He files bankruptcy, but somehow there's enough money at hand for his wife to buy a restaurant?

What's this about a 30 year old straw man buying the Water Slide at auction for him / her?

Hello, bankruptcy trustee?

Shore Driver · 04-29-2010, 11:27 AM

Quote:

Originally Posted by jmen24

Just thought that folks might like to know that this property is still in the hands of the original owners. The young man that purchased the property did so at the request of the previous owners. They had to get out from under an awful mess that will come closer to light as time goes by, but that is not for me to discuss.

The owner of the drive-in, confirmed this.

It is not going to be developed into anything else.

Will it be open in 2010 as a waterslide?

jmen24 · 04-29-2010, 11:29 AM

Every indication from the owner shows that to be the case.

LongBay · 01-12-2012, 12:51 AM

I stumbled upon this thread I posted to a couple of years ago. It is interesting to see which predictions have come to be, those we are still hoping for and those it's just not going to happen.

I don't think one of my predictions will come to be as Massachusetts just passed gambling. I honestly thought NH would beat MA to the punch. Some MA residents may still cross the boarder to buy their cigarettes (not sure why with the price of gas these days) and other needful things but why leave Dodge when you will be able to lay down a dollar in your own back yard.

My updated prediction for 2012, when we all visit or pass through the Weirs this summer we will still get to see that lovely burnt down hotel

I feel bad for the nearby business and home owners who take care of their property and have to look at that every day.

01-30-2010, 12:16 PM	#1
krm Member Join Date: Apr 2007 Posts: 39 Thanks: 1 Thanked 0 Times in 0 Posts	your age corrolaman, You are showing your age, it make sense that some one your age would have that outlook, you must have started out in life after school in the crappy economy. But trust me having lived through 3 of these down economies, now is the time to invest, buy as much as you can get your hands on. Land, like the water slides will be worth many times that in the long term, people don't buy stuff like that to flip (like a house). In a dozen or so years, everyone will say that gold mine sold for nothing, pocket change compared to what it is worth. Now is the time to be moving forward, get your traction and catch the economy, with a full inventory or whatever (all created/procured in the cheap down economy) KRMRK

01-31-2010, 08:22 PM	#4
nj2nh Senior Member Join Date: Apr 2004 Location: NJ Posts: 529 Thanks: 80 Thanked 47 Times in 27 Posts	Leave it all alone! The thing that I like best about the lake is that there is a little bit of everything for everyone. Wolfeboro and Meredith are definitely upscale. The Weirs is kitschy (I am sure that is spelled wrong), but I love it the way it is. Alton is somewhere in between. Moultonboro, Tuftonboro and Center Harbor are, mostly, "bedroom" communities. I remember when the Weirs had bowling. You can still see the lanes at the Half Moon. I can see the merit in upgrading and modernizing the Weirs, but I wouldn't mind if it stayed the way it was. Of course, my kids love the Volcano Mini-Golf. Frankly, it was one of the best. I haven't been to the waterslide there since I was a teenager. My kids, oddly, don't want to try the waterslides there, but they did enjoy Surf Coaster a few times. (We go to Water Country now). It's too bad there isn't a way to make what is there great without destroying the history. I hate to see everything slowly disappear. I see it every summer. I was devastated when Bailey's in Wolfeboro became The Front Porch (even though I know the current owners). I like the new mini-golf in Alton, but we miss the old one terribly. The Pavilion in Alton Bay is a crime. I can't believe that McGrath's is gone finally and forever. If Black's in Wolfeboro or the Old Country Store in Moultonboro ever close, I will simply curl up and die! I know things change, but that doesn't mean I have to like it. nj2nh __________________

02-04-2010, 10:07 AM	#13
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,782 Blog Entries: 1 Thanks: 300 Thanked 1,022 Times in 744 Posts	About four house lots up the road from the Waterslide, there's a parking lot on a single one acre lot that was carved out of the residential hillside, and bordered on both sides by single family residences. For an example of an incredibly bad land use decision by the Laconia Planning Board, go take a look at it. About ten years ago the planning board approved the demolition of the existing older hillside house, and excavation to make a parking lot that is level with the road. Turning a residence into a commericial lot as a year-round parking lot and Motorcycle week vender set-up was allowed by the city. With comments like:" It's his property and he can do what he wants to do," it got approved by a 3-2 vote, or something. ........... Building a casino with slot machines in that Waterslide location would be like starting a serious crack-cocaine addiction into the area. It would get a lot of people hooked on gambling and just suck the money out of them and creat a big bucket of side-social issues. The Fun Spot Bingo Hall seems to be pretty busy, judging by the parking lot, so's a casino would probably become a magnet for people looking for something to do. Is that a good thing? __________________ ... down and out, liv'n that Walmart side of the lake!

04-29-2010, 02:52 AM	#15
trfour Senior Member Join Date: Nov 2002 Location: The Lakes, Central NH. and Dallas/Fort Worth TX. Posts: 3,694 Blog Entries: 3 Thanks: 3,069 Thanked 472 Times in 236 Posts	I Have A Picture... That I took once in winter, if ya'all want to see it... Terry _________________________________ __________________ *trfour* Always Remember, The Best Safety Device In The Boat, or on a PWC Snowmobile etc., Is YOU! Safe sledding tips and much more; http://www.snowmobile.org/snowmobiling-safety.html

02-04-2010, 10:12 AM	#16
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,782 Blog Entries: 1 Thanks: 300 Thanked 1,022 Times in 744 Posts	About four house lots up the road from the Waterslide, there's a parking lot on a single one/half acre lot that was carved out of the residential hillside, and bordered on both sides by single family residences. For an example of an incredibly bad land use decision by the Laconia Planning Board, go take a look at it. About ten years ago the planning board approved the demolition of the existing older hillside house, and excavation deep into the grassy hillside to make a 1/2 acre parking lot that is level with the road. Turning a residence into a commericial lot as a year-round (i.e. seasonal) parking lot and Motorcycle Week vender set-up was allowed by the City. With comments like:" It's his property and he can do what he wants to do," it got approved by something like a 3-2 vote. ........... Building a casino with slot machines in that Waterslide location would be like starting a serious crack-cocaine addiction into the area. It would get a lot of people hooked on gambling and just suck the money out of them and create a big bucket of side-social issues. The Fun Spot Bingo Hall seems to be pretty busy, judging by the parking lot, so's a casino would probably become a magnet for people looking for something to do. Is that a good thing? __________________ ... down and out, liv'n that Walmart side of the lake!

01-30-2010, 04:21 PM	#2
lawn psycho Senior Member Join Date: Jul 2009 Location: On the move... Posts: 987 Thanks: 113 Thanked 248 Times in 133 Posts	krm is right. If you are looking for commerical property right now, it's a major buyers market. If you have the money to capitalize on it, you better get in the game now.....

02-03-2010, 10:45 PM	#10
lawn psycho Senior Member Join Date: Jul 2009 Location: On the move... Posts: 987 Thanks: 113 Thanked 248 Times in 133 Posts	Mike, it's very easy to be pessimistic right now. I am not exactly liberal in spending by any stretch. Trying to time the precise bottom is impossible. I'm not going to enter a prolonged debate about RE. I can tell you right now I would put all my chips on the table to buy commerical RE if I had deeper pockets. The Weirs area needs to reinvent itself. It's too run-down. We almost never go there anymore, maybe once per year at most.

02-03-2010, 11:27 PM	#11
mets3007 Senior Member Join Date: Apr 2004 Location: Minneapolis, MN Posts: 170 Thanks: 3 Thanked 1 Time in 1 Post	I have been going there since I was 8 and now I am 29 I love the Weirs but its getting old and outdated. It needs to be shaken up new things are needed. Its like stale air and fresh air is needed to breathe new life into the Weirs. Do not get me wrong I love the Weirs but it needs changed or it will go kaboom and nothing will be left.

04-27-2010, 03:14 PM	#17
jmen24 Senior Member Join Date: Feb 2009 Posts: 1,139 Thanks: 223 Thanked 319 Times in 181 Posts	Just thought that folks might like to know that this property is still in the hands of the original owners. The young man that purchased the property did so at the request of the previous owners. They had to get out from under an awful mess that will come closer to light as time goes by, but that is not for me to discuss. The owner of the drive-in, confirmed this. It is not going to be developed into anything else.

04-28-2010, 07:29 AM	#21
Mr. V Senior Member Join Date: Jun 2004 Location: the left coast (Portland)and West Alton Posts: 1,415 Thanks: 65 Thanked 260 Times in 178 Posts	This sounds fishy. He files bankruptcy, but somehow there's enough money at hand for his wife to buy a restaurant? What's this about a 30 year old straw man buying the Water Slide at auction for him / her? Hello, bankruptcy trustee?

04-29-2010, 11:29 AM	#23
jmen24 Senior Member Join Date: Feb 2009 Posts: 1,139 Thanks: 223 Thanked 319 Times in 181 Posts	Every indication from the owner shows that to be the case.

01-12-2012, 12:51 AM	#24
LongBay Senior Member Join Date: Jul 2009 Posts: 151 Thanks: 48 Thanked 61 Times in 35 Posts	And two years later .... nothing has changed... I stumbled upon this thread I posted to a couple of years ago. It is interesting to see which predictions have come to be, those we are still hoping for and those it's just not going to happen. I don't think one of my predictions will come to be as Massachusetts just passed gambling. I honestly thought NH would beat MA to the punch. Some MA residents may still cross the boarder to buy their cigarettes (not sure why with the price of gas these days) and other needful things but why leave Dodge when you will be able to lay down a dollar in your own back yard. My updated prediction for 2012, when we all visit or pass through the Weirs this summer we will still get to see that lovely burnt down hotel I feel bad for the nearby business and home owners who take care of their property and have to look at that every day.

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