has market ever been hotter?

[thinkxingu]

I will be interested to see how those purchasing in the area, seeking "space," will do long-term without amenities and with a long winter. I'm thinking in a year or two, we may see a fair amount of those people retreating back to city life. As flylady said above, though, there is the very real chance that these people have reevaluated what's important in life and, like many of us, have settled on the lake/country(ish) lifestyle.

I do think the bubble will burst at some point, though. I mean, I NEED it to so's I can fit Jettie Two into my budget!

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[WinnisquamZ]

Originally Posted by thinkxingu

I will be interested to see how those purchasing in the area, seeking "space," will do long-term without amenities and with a long winter. I'm thinking in a year or two, we may see a fair amount of those people retreating back to city life. As flylady said above, though, there is the very real chance that these people have reevaluated what's important in life and, like many of us, have settled on the lake/country(ish) lifestyle.

I do think the bubble will burst at some point, though. I mean, I NEED it to so's I can fit Jettie Two into my budget!

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Agree. The lakes region November thu April is not for everyone. Like many have said “many days below freezing keep the rif raf away”


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[8gv]

There are winners and losers with the rapid escalation of real estate prices.

Sellers who are leaving the area win.

Sellers who are downsizing win a little but some of their gains are given up when they buy the smaller property that now has an inflated price.

Many will lose because their property taxes will go up with the new higher assessed value.

Town budgets may benefit from this.

[Descant]

Originally Posted by thinkxingu

I will be interested to see how those purchasing in the area, seeking "space," will do long-term without amenities and with a long winter. I'm thinking in a year or two, we may see a fair amount of those people retreating back to city life. As flylady said above, though, there is the very real chance that these people have reevaluated what's important in life and, like many of us, have settled on the lake/country(ish) lifestyle.

I do think the bubble will burst at some point, though. I mean, I NEED it to so's I can fit Jettie Two into my budget!

Sent from my SM-G950U using Winnipesaukee Forum mobile app

For me, too many of the new people want more amenities. We had neighborhoods built in the 70's with septics. When they all started to fail, there was pressure for sewer, with taxpayer support. Same for street lights and sidewalks. The list goes on. (Artificial turf!) If your family moves every 7 years you sort of take some of this stuff for granted. For us, many things that used to be done by volunteers, newcomers expect the city (taxpayers) to pay for and the volunteer attitude goes away. I hope when we can get out again that remote work and flex time will bring back community spirit.