Real Estate

[Rusty]

Originally Posted by Just Sold

Here is what is happening today at this 8.3 acre lot in Meredith. Looks to me that it will be a mock log hom with stone accents but it is not far enough along yet to be sure. It is on Wagon Wheel Trail.

Thanks for posting the pictures.

That is going to be one ugly looking house when it is completed.

Terrible design.

Look at the towers/turrets that are wrapped in Grace ice and water sheild...then there is a section built like a log cabin...then huge cement pillars at the front entrance that will hold a roof... for what???

Eaves are extended out and sistered to the roof rafters that will make it look like the rafters a bigger that they are.

Stone around the cement foundation...for what?? What a waste of money!!

I'll bet the construction company that is building this house is laughing all the way to bank... and his crew never had it so good.

[DEJ]

Beauty is in the eye of the beholder.

[PaugusBayFireFighter]

Anybody know if New Hampshire is a "recourse" or "non-recourse" state when it comes to deficiency owed on upside down forclosure?
I've googled this and found conflicting answers.

[Jeanzb1]

We've driven by this house on Wagon Wheel Road in Meredith. OMG, it is totally obnoxious. Nobody on earth needs a place even half this big. It just screams, LOOK AT ME, LOOK AT ME.

[Seaplane Pilot]

Originally Posted by Jeanzb1

We've driven by this house on Wagon Wheel Road in Meredith. OMG, it is totally obnoxious. Nobody on earth needs a place even half this big. It just screams, LOOK AT ME, LOOK AT ME.

Why not? He worked hard and he earned it.

[Seaplane Pilot]

Originally Posted by Rusty

Thanks for posting the pictures.

That is going to be one ugly looking house when it is completed.

Terrible design.

Look at the towers/turrets that are wrapped in Grace ice and water sheild...then there is a section built like a log cabin...then huge cement pillars at the front entrance that will hold a roof... for what???

Eaves are extended out and sistered to the roof rafters that will make it look like the rafters a bigger that they are.

Stone around the cement foundation...for what?? What a waste of money!!

I'll bet the construction company that is building this house is laughing all the way to bank... and his crew never had it so good.

Well, at least someone is spending money, which is undoubtedly is helping local contractors and building supply companies. I'm sure the contractors and companies are quite grateful for this, given the current state of the economy in NH and the USA.

[tis]

Originally Posted by Seaplane Pilot

Well, at least someone is spending money, which is undoubtedly is helping local contractors and building supply companies. I'm sure the contractors and companies are quite grateful for this, given the current state of the economy in NH and the USA.

You are so right. It is badly needed in the industry and it filters down to others.

[Rusty]

In 1998 the house and land sold for $200,000

In 1997 the house and land sold for $850,000

In 2009 the house and land sold for $7,800,000

Now a new contemporary/modern house (I don’t know what else to call it) is being built for probably in the millions of dollars by L LAKEHOUSE LLC (whoever they are).

IMO this type of buying and building is ruining the prospects for the average person to ever own Winnipesaukee Lake front property.

Sorry for the rant.

[codeman671]

Originally Posted by Rusty

In 1998 the house and land sold for $200,000

In 1997 the house and land sold for $850,000

In 2009 the house and land sold for $7,800,000

Now a new contemporary/modern house (I don’t know what else to call it) is being built for probably in the millions of dollars by L LAKEHOUSE LLC (whoever they are).

IMO this type of buying and building is ruining the prospects for the average person to ever own Winnipesaukee Lake front property.

Sorry for the rant.

So you mean to tell me that you are adverse to profiting in the real estate market? Have you never sold anything for more than you paid for it? While I agree that some of the prices are astronomical compared to what you actually get for your money, it is simply the way it is. Sellers can ask whatever they want, people dont have to pay it if they dont want to. It is all buyer driven.

While I agree the pictures look a bit odd in design, I am a fan of log homes being that I own one, and look forward to seeing the end result. I like the stone on the foundation and would do the same on a log cabin. Mine is on pilings so it is enclosed in lattice and trim.

[Jeanzb1]

If I'm not mistaken, this is the house being built on Wagon Wheel Road that has a wrought-iron fence up along the road that must go for at least 1/2 mile. IMHO, it just ruins the look and charm of the lake. And when he decides that he wants to sell it, good luck.

[Seaplane Pilot]

Originally Posted by Rusty

In 1998 the house and land sold for $200,000

In 1997 the house and land sold for $850,000

In 2009 the house and land sold for $7,800,000

Now a new contemporary/modern house (I don’t know what else to call it) is being built for probably in the millions of dollars by L LAKEHOUSE LLC (whoever they are).

IMO this type of buying and building is ruining the prospects for the average person to ever own Winnipesaukee Lake front property.

Sorry for the rant.

Not to worry...the way we're going, our friend Santa Claus in DC will ensure equality amongst the population.

[Woodsy]

Good, Bad or Indifferent.... The days of the Average Blue Collar Joe buying waterfront on Lake Winnipesaukee have long since past....

Woodsy

[jrc]

This is just supply and demand. Assume there are a pretty much fixed number of waterfront properties on Winnipesaukee, but since 1950, the population has doubled. So you have to be much higher up the food chain to get one now.

The only way to fix this is to reduce the population to 1950 levels or build double the amount of properties.

There are more people now, you have to be more successful than your parents just to be a the same relative position.

[tis]

You know I don't think property on the lake was affordable for most even in the 50s. It was a lot less expensive dollar wise of course but relatively, I think it was still hard for the average person to buy.

[neckdweller]

Originally Posted by Rusty

Now a new contemporary/modern house (I don’t know what else to call it) is being built for probably in the millions of dollars by L LAKEHOUSE LLC (whoever they are).

As mentioned above, Triple H bought the house. L LAKEHOUSE LLC is probably a Vince McMahon vehicle. The LLC was formed about two weeks before the Rose trust sold the property.

[Rusty]

Originally Posted by neckdweller

As mentioned above, Triple H bought the house. L LAKEHOUSE LLC is probably a Vince McMahon vehicle. The LLC was formed about two weeks before the Rose trust sold the property.

I can't disagree with you that Triple H bought the property because I really don't know. All I know is L LAKEHOUSE LLC is the official name as the owner.

I guess if Linda McMahon can spend almost $100 million of her personal fortune on her two failed campaigns for a senate seat, then her son in-law can spend millions on a Lake front McMansion and not have to worry about mortgage payments.

The way that house is being built it looks like if the "CAT" is away, the "MICE" will play.

[Jeanzb1]

Some big wig from the WWF (World Wrestling Federation) owns the house.
More money than class, I guess.

[Seaplane Pilot]

Why are you people not complaining about what Rusty has done on the other side of Meredith Bay? Bigger, ugly buildings, disruption of the waterfront, etc., etc. Why aren't you outraged over this overt display of capitalism at worK? Seems to me that certain people are jealous about Mr. HHH's success and how he spends his money. Would you be as critical if someone was building 40 condos on that property?

[PaugusBayFireFighter]

If Paul and Sephanie Levesque are going to be the owner of this property that's great news. His nephew and my sons played lots of baseball together in Nashua, Paul's home town. I watched many games with him and he's a regular guy, very friendly (and visually intimidating) who worked his butt off to get where he's gotten. He is a family man, married to Linda McMahon's daughter, with 3 young kids. I'm happy for his family.
Pretty good for a kid from Nashua...

[BroadHopper]

It is funny that the MacMansion owners wants to bring the 'Golden Pond' image to the big lake. Their MacMansions, yachts, and humongus trampolines does the opposite. The lake is becoming more like 'Lake Vegas'.

[PaugusBayFireFighter]

Originally Posted by BroadHopper

It is funny that the MacMansion owners wants to bring the 'Golden Pond' image to the big lake. Their MacMansions, yachts, and humongus trampolines does the opposite. The lake is becoming more like 'Lake Vegas'.

It's a huge lake, although I agree some parts ARE huge beautiful homes that most of us could never own, others still hold that Golden Pond feel. When family come up and we cruise by the homes on Governors Island they are amazed at the wealth. Then we meander through Sally's Gut and its like you're in a different world. The lake is big enough for mansions, log cabins, cottages and regular homes.
The property on my left, lakefront 5 bedroom, recently sold for just over 400K. A small house overlooking the lake to my right is selling for just under 200K. Another lot on the street was on the market for 1.5 million. So you can find homes on this lake for both the average Joe as well as the above average Joseph.

[tis]

Originally Posted by PaugusBayFireFighter

It's a huge lake, although I agree some parts ARE huge beautiful homes that most of us could never own, others still hold that Golden Pond feel. When family come up and we cruise by the homes on Governors Island they are amazed at the wealth. Then we meander through Sally's Gut and its like you're in a different world. The lake is big enough for mansions, log cabins, cottages and regular homes.
The property on my left, lakefront 5 bedroom, recently sold for just over 400K. A small house overlooking the lake to my right is selling for just under 200K. Another lot on the street was on the market for 1.5 million. So you can find homes on this lake for both the average Joe as well as the above average Joseph.

I agree with you. It is a big enough lake for all to enjoy whatever they want. What I do find interesting is that the ones who want the Golden Pond feel are the first ones to tear down an old camp and couldn't possibly live on the lake if they don't have air conditioning.

[ApS]

Originally Posted by tis

I agree with you. It is a big enough lake for all to enjoy whatever they want. What I do find interesting is that the ones who want the Golden Pond feel are the first ones to tear down an old camp and couldn't possibly live on the lake if they don't have air conditioning.

If a camp is like mine, it's "nestled in the pines". After one hot day eight years ago, I bought two "window-shakers", and can scarcely justify that purchase to this day.

[tis]

Originally Posted by Acres per Second

If a camp is like mine, it's "nestled in the pines". After one hot day eight years ago, I bought two "window-shakers", and can scarcely justify that purchase to this day.

I agree, there aren't many days on the lake when you need AC. A fan is always enough for me. But then, I love the hot weather. I don't know how those who are so addicted to AC would have lived in the old days. And those days weren't so very long ago.

[Seaplane Pilot]

Originally Posted by Jeanzb1

Some big wig from the WWF (World Wrestling Federation) owns the house.
More money than class, I guess.

Do you really think that your statement exudes "Class"? Far from it, in my opinion.

[Jeanzb1]

Sorry you feel this way, so I guess the truth is more than you can handle. "Class" doesn't need to flaunt their wealth.

[Seaplane Pilot]

Originally Posted by Jeanzb1

Sorry you feel this way, so I guess the truth is more than you can handle. "Class" doesn't need to flaunt their wealth.

It's not that I can't handle it, but rather I don't see why someone who's worked hard and can afford to build a house the way he wants it (and will be paying a boatload of taxes to the Town of Meredith), gets criticized and ridiculed for it. What's he supposed to do, buy an old trailer and pretend that he's "down and out" (livin' on the Walmart side)? (Sorry FLL!)

[Jeanzb1]

The point is that IMHO someone who is very, very wealthy and yet chooses to build a lovely home that is not nearly as pretentious as the one in Meredith is classier than someone who builds himself an obnoxious Taj Mahal.

Case in point is Mitt Romney's home in Wolfeboro. He could certainly afford to build the Taj Mahal but, rather, he and his family own a lakefront home that is smaller and simpler than many homes on this lake. And I know someone who has been inside the Romney's home and has described it as "understated elegance."

Enough said!

[PaugusBayFireFighter]

Originally Posted by Jeanzb1

The point is that IMHO someone who is very, very wealthy and yet chooses to build a lovely home that is not nearly as pretentious as the one in Meredith is classier than someone who builds himself an obnoxious Taj Mahal.

Case in point is Mitt Romney's home in Wolfeboro. He could certainly afford to build the Taj Mahal but, rather, he and his family own a lakefront home that is smaller and simpler than many homes on this lake. And I know someone who has been inside the Romney's home and has described it as "understated elegance."

Enough said!

True...his ocean front home with car elevators is very plain Jane. You didn't mention his other 5 homes either. This is his home in Belmont...nothing crazy...your typical Belmont home.

[Jeanzb1]

I may be wrong, but I do believe that the Romney home in Belmont, MA was sold and that they now live in a condo in Belmont. Yes, they may well own five homes, but NONE of them are as large and obnoxious as the many Taj Mahals built on the lake.

[jogator1]

Isn't it funny we feel the need to judge others based on our own inadequacies? How can you tell how classy someone is based on their house? That is riduculous. Some people like small houses, some like large houses, some like modern, some like traditional, some like eclectic, etc. We all have different tastes and desires which makes the world go around. I think it's great that someone is able to build the house of their dreams whether it is to my liking or not.

[Merrymeeting]

Originally Posted by PaugusBayFireFighter

True...his ocean front home with car elevators is very plain Jane. You didn't mention his other 5 homes either. This is his home in Belmont...nothing crazy...your typical Belmont home.

If it's posted on the internet, it must be true...

I grew up in Arlington, very close to the Belmont area where the Romney's lived. As mentioned earlier, he no longer owns a home in Belmont, only a condo, and that picture is NOT the home that he owned and lived in for many years.

Beautiful and very tasteful, his Belmont home was no where near as big as the one pictured.

[Denny Crane]

I come up to NH to get away from people who find the need to find something negative in everything. Be happy for someone for a change. YOU ALL DESERVE A PEDIGREE.

[barefootbay]

Originally Posted by Denny Crane

I come up to NH to get away from people who find the need to find something negative in everything. Be happy for someone for a change. YOU ALL DESERVE A PEDIGREE.

We don't find negativity in everything just when travesty and gross injustice is inflicted upon us .

[ITD]

ARRRRGGGGHHH, please lock this down Mr. Webmaster!!! before I am forced to respond.....

[ITD]

Originally Posted by barefootbay

We don't find negativity in everything just when travesty and gross injustice is inflicted upon us .

Ok Barefootbay, please give some examples of the "travesty and gross injustice". Thank you in advance.

[upthesaukee]

...another thread goes to good people behaving badly, with personal snide remarks exchanged that have nothing to do with the thread content.

Back to the thread's content... What I really love is to see the McMansion with a family cottage still next to it. It is a big lake, and enough for us all to share. Now if I could just hit those numbers in the Saturday night drawing to get my share.

[Jeanzb1]

Yes, we are all entitled to our personal opinions. And IMHO I wish there were fewer McMansions. For example, on our cove several years ago someone bought two lots, tore down the existing family camp, cut down the lion's share of the trees right to the water's edge (paid a fine to the town for doing so but no big deal,) built a McMansion with a helicopter pad, and now flies in and out on his chopper.

Another example is my sister-in-law's family on the water in Gilford. Their camp has been in their family for practically 100 years, now pretty much the same as it was back then. The current owners really wish that their grandparents had not sold the abutting land because they are now surrounded by McMansions.

And what say you about all the screamin' green lawns of those mighty big houses? The impact of all that fertilizer going into the lake every year has a huge effect. Hmmmm.......


And those of us who feel this way -- and there are LOTS of us -- are just as much entitled to our opinions and to express those opinions as anyone else is.

Wishing y'all a good turkey tomorrow!

[DEJ]

Yes you are entitled to your opinion however complaining about it on this or any other forum does nothing to fix the problems you so despise. Complaining from behind a keyboard is easy, changing things takes effort. If you want to make a difference here are a couple of opportunities/suggestions for you.

If you do not like McMansions then get involved with your town and try to pass legislation to limit the size of waterfront homes.

If you are concerned with green lawns I suggest you contact the DES and work with them to pass legislation to limit fertilizer around lakes and ponds.

Good luck.

[Jeanzb1]

DEJ: Dream on, dream on. I would surmise that there are more of us who "despise," to use your word, the McMansions than actually like them. But they are already built, so going to the town and trying to limit the size of future homes is futile. C'mon, surely you know that. Ditto contacting DEP about the prolific use of fertilizer. I have done that, too, and I have taken pictures of people pushing their lawn spreaders and TruGreen applying pesticides, but it seems that it's such an overwhelming problem that no one cares anymore. In a perfect world your suggestions would be taken seriously, but that's not the world we live in.

And in the meantime, I am entitled to voice my opinion on this topic on this forum and should be able to do so without being "personally attacked."

[DEJ]

I did not personally attack you, just made some suggestions on how you can get involved to change laws on items you do not like. Yes what is done is done however think of the change you could make for the future if you tried. Happy Thanksgiving, keep us posted how you make out.

[SIKSUKR]

Wa wa wa wa.I have an idea and its probably already on the POTUS to do list.Lets take away from those wealthy McMansion owners and redistribute to those less fortunate waterfront neighbors.

[Greene's Basin Girl]

McMansion or McCottage. It shouldn't matter. Simply enjoy the lake. Life passes by so quickly. Make the most out of each and every day. The lake is here to be enjoyed by all.

[Rusty]

Originally Posted by DEJ

Yes you are entitled to your opinion however complaining about it on this or any other forum does nothing to fix the problems you so despise. Complaining from behind a keyboard is easy, changing things takes effort. If you want to make a difference here are a couple of opportunities/suggestions for you.

If you do not like McMansions then get involved with your town and try to pass legislation to limit the size of waterfront homes.

If you are concerned with green lawns I suggest you contact the DES and work with them to pass legislation to limit fertilizer around lakes and ponds.

Good luck.

There isn't a Town or village around Lake Winnipesaukee that will listen to any changes in the way the land is being sold and McMansions are being built on them. As an example Wolfeboro gets 70% of there operating revenue from lake front property owners.
The more the land sells for and the bigger the house put on it fits into the future operating revenue for each of these greedy little towns/villages around the lake.
IMO more average wage earners should be able to buy lake front property and the tax burden should be split up between all the people in these towns.

[tis]

Originally Posted by Rusty

There isn't a Town or village around Lake Winnipesaukee that will listen to any changes in the way the land is being sold and McMansions are being built on them. As an example Wolfeboro gets 70% of there operating revenue from lake front property owners.
The more the land sells for and the bigger the house put on it fits into the future operating revenue for each of these greedy little towns/villages around the lake.
IMO more average wage earners should be able to buy lake front property and the tax burden should be split up between all the people in these towns.

I agree with you but it seems those who pay the LEAST taxes are the ones who want to have more and more services provided by the towns. Spend, spend, spend.

[Rusty]

Originally Posted by tis

I agree with you but it seems those who pay the LEAST taxes are the ones who want to have more and more services provided by the towns. Spend, spend, spend.

Exactly...If the tax burden was spread around more then maybe these freeloaders would think twice before wanting to spend, spend, spend.

[ITD]

Whatever your "position" on this thread, please have a .......

Happy Thanksgiving!!!

[WakeboardMom]

Lots of folks who own those McMnsions are only there one or two weeks in the summer. Yay for less traffic on the lake!

I have a friend who lives on a small lake that straddles the NH/ME border. Folks on her road have a chicken coop in their yard. I'll take the Marriotts or Black-and-Decker any day over 17 cottages with chicken coops stuffed into a quarter-acre lot.

[WakeboardMom]

Originally Posted by Rusty

Exactly...If the tax burden was spread around more then maybe these freeloaders would think twice before wanting to spend, spend, spend.

Originally Posted by tis

I agree with you but it seems those who pay the LEAST taxes are the ones who want to have more and more services provided by the towns. Spend, spend, spend.

I respectfully disagree with these posts. What used to be my summer home (lol...lakefront but whether or not it's a McMansion is in the eye of the beholder...) is in a town that has one of the best school systems in the state. God bless 'em! Maybe my grand kids will be able to take advantage of this wonderful system.

My driver's license now has this town listed on it as my residence. I told the librarian the other day that I am a year-round resident. Woohoo!

This lake is big enough to have a little bit of everything for everybody. That's why I love it, my kids love it, my friends love it and my neighbors love it.

Happy Thanksgiving!

[gtxrider]

Any one catch "House Hunters" last week? I was channel surfing and I heard Tufftonboro so I stopped and caught the end of the show. A family was looking for a home on the lake! The bought in the upscale town were FLL lives.

[webmaster]

Originally Posted by gtxrider

Any one catch "House Hunters" last week? I was channel surfing and I heard Tufftonboro so I stopped and caught the end of the show. A family was looking for a home on the lake! The bought in the upscale town were FLL lives.

http://www.winnipesaukee.com/forums/...ad.php?t=14777

[DickR]

Originally Posted by Rusty

Look at the towers/turrets that are wrapped in Grace ice and water sheild...then there is a section built like a log cabin...then huge cement pillars at the front entrance that will hold a roof... for what???
....
Stone around the cement foundation...for what??

I'm guessing that the I&W on the walls of the turrets are for later application of a stone exterior. "A man's home is his castle," and maybe the owner is taking that literally. That membrane is a vapor barrier, and it shouldn't be on the exterior in this climate. Particularly if the inside has a poly vapor barrier under the drywall, that wall won't be able to dry to either direction. No wall is perfect under all situations, and a wall that won't dry in at least one direction is a recipe for failure. That wall will have to be detailed very carefully on the inside to prevent any leakage at all of inside air into the cavity in winter to have any chance. The only way this wall will work is if it is spray foamed with closed cell foam.

[HellRaZoR004]

Originally Posted by DickR

I'm guessing that the I&W on the walls of the turrets are for later application of a stone exterior. "A man's home is his castle," and maybe the owner is taking that literally. That membrane is a vapor barrier, and it shouldn't be on the exterior in this climate. Particularly if the inside has a poly vapor barrier under the drywall, that wall won't be able to dry to either direction. No wall is perfect under all situations, and a wall that won't dry in at least one direction is a recipe for failure. That wall will have to be detailed very carefully on the inside to prevent any leakage at all of inside air into the cavity in winter to have any chance. The only way this wall will work is if it is spray foamed with closed cell foam.

Good to know. For as much money they are spending I would bet they would use spray foam instead of fiberglass.

[barefootbay]

These places whom ever is profiting from them are monstrosities that are an affront to reasonable ,sensible humanity and the lake as well ! There has got to be a better way to create sustainable local economy without despoiling what is left of Lake Winnipesaukee.