Airbnb Collapse & The Lakes Region?

Juiced06GTO · 07-06-2023, 06:53 PM

Bring on the cheap Winni waterfront!! I am sitting on the sidelines until things get back to normal.......and I pay off my primary house lol 5 years, i need 5 years!! I'll be 45 and ready to dive into 30 years of debt for a summer place lol!!

TiltonBB · 07-06-2023, 08:17 PM

The market in general may have it's ups and downs. I think Winnipesaukee waterfront homes are a little different because of the limited supply. I have not seen the prices drop as much as the non waterfront homes when the market drops and they seem to be at the top when prices increase.

The current 7% mortgages will have an effect on much of the market but many people buying waterfront homes are paying cash.

In my Florida neighborhood, and it is a new neighborhood of 800 homes, I understand that 62% of buyers are paying cash. But the demographic may be mostly older and retired people so that certainly affects the number who can pay cash.

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07-06-2023, 06:53 PM	#1
Juiced06GTO Senior Member Join Date: Aug 2017 Posts: 222 Thanks: 9 Thanked 88 Times in 51 Posts	Bring on the cheap Winni waterfront!! I am sitting on the sidelines until things get back to normal.......and I pay off my primary house lol 5 years, i need 5 years!! I'll be 45 and ready to dive into 30 years of debt for a summer place lol!!

07-06-2023, 08:17 PM	#2
TiltonBB Senior Member Join Date: Feb 2005 Location: Gilford, NH and Florida Posts: 3,062 Thanks: 726 Thanked 2,236 Times in 956 Posts	The market in general may have it's ups and downs. I think Winnipesaukee waterfront homes are a little different because of the limited supply. I have not seen the prices drop as much as the non waterfront homes when the market drops and they seem to be at the top when prices increase. The current 7% mortgages will have an effect on much of the market but many people buying waterfront homes are paying cash. In my Florida neighborhood, and it is a new neighborhood of 800 homes, I understand that 62% of buyers are paying cash. But the demographic may be mostly older and retired people so that certainly affects the number who can pay cash.