Quote:
Originally Posted by John Mercier
I know someone that sold their lakefront cabin on Squam after inheriting it. His grandfather was a judge... he's a carpenter. The judge could afford the property, the carpenter can't. Different levels of status in society with different pay scales and pensions.
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That is a scenario that Makes sense.....
My scenario however is where that falls apart.... My father a successful Engineer 30+ years retired early, and was able to by our property and maintain it in retirement... I am a successful Engineer with 25+ years, making more money then my father even thought about.... Yes I am able maintain the property well I am working, but realize that if I want to retire early I will need to sell the property, because it will be to much of a financial Drain....
Everything changes always does, it however is a shame that things have gotten so out of control in NH, that people are having to make decisions not because they don't want to continue to visit the same place, but because they are being Taxed out of their places, because a state doesn't want to evolve......
As I have said plenty of other places, for me to consider that are more affordable... My hope is to keep the Winnipesaukee property until I am ready to retire, because it is close to work and allows me to utilize it often.... But in retirement, it is likely off to Maine... or Vt. where I can buy a comparable property, and pay significantly less property Tax....