Taxes

[John Mercier]

Originally Posted by Biggd

We haven't really had a recession in over 15 years, other than the first 6 months of the pandemic and then prices took off. That's the only thing that really resets the economy and causes prices to decline. Prices on everything have gone up substantially and people are still working off that sub 3% borrowed money. At some point the consumer will balk at the increases and pull back. I don't think things can keep going up at this rate much longer without a pull back.

Maybe.
But lakefront/access property in central NH is a finite supply.

So it doesn't take a whole lot of demand to keep those prices rising.

[FlyingScot]

Originally Posted by John Mercier

Maybe.
But lakefront/access property in central NH is a finite supply.

So it doesn't take a whole lot of demand to keep those prices rising.

Exactly. With median prices >$2MM, nobody's borrowing to be on the water. It's all capital gains from a very hot stock market. Look for a cut in taxes on the wealthy to boost lake prices higher, or a drop in the S&P to bring them lower

[Biggd]

Originally Posted by FlyingScot

Exactly. With median prices >$2MM, nobody's borrowing to be on the water. It's all capital gains from a very hot stock market. Look for a cut in taxes on the wealthy to boost lake prices higher, or a drop in the S&P to bring them lower

Many of those very wealthy refinanced their business debt and when their businesses make more, they also make more. I'm sure Trump renegotiated all the loans on his real estate empire at very low rates as did many other commercial and income producing property owners did. But the stock market has also contributed to all this wealth. I think 2025 will be a make or break year, hope for the best but prepare for the worst.
I know I'm holding off on any big expenditures for at least the first six months to see which way it goes but I'm 70 and not your typical consumer anymore.

[Biggd]

Originally Posted by John Mercier

Maybe.
But lakefront/access property in central NH is a finite supply.

So it doesn't take a whole lot of demand to keep those prices rising.

That doesn't keep people from looking elsewhere, like Maine. The very wealthy will own all the NH lakefront, and the rest will look to Maine, where there is a much larger supply.