Buying a lake community home in the winter

[WinnisquamZ]

I thought we were talking about purchasing lake front property. Not the economy in general. I disagree, the economy is as stable as it has been over the past five years. Those buyers of lake front property are immune to inflation and other economic pressures


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[FlyingScot]

Originally Posted by WinnisquamZ

Those buyers of lake front property are immune to inflation and other economic pressures


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Yes and no--true that buyers today are not scraping together for a mortgage. But they are likely pulling cash from the stock market to buy their lake homes. If the S&P falls, waterfront homes are likely to do the same.

This kind of thing is always speculation, so I will not be putting money where my mouth is

[Biggd]

Originally Posted by WinnisquamZ

I thought we were talking about purchasing lake front property. Not the economy in general. I disagree, the economy is as stable as it has been over the past five years. Those buyers of lake front property are immune to inflation and other economic pressures


Sent from my iPhone using Winnipesaukee Forum mobile app

You asked why I was hesitant and I gave you an honest answer.
You are entitled to your opinion as I am mine, only time will tell who's right.