Quote:
Originally Posted by joey2665
I’m sorry but where exactly are you getting this statistic from? I find it extremely hard to believe people are pulling enough equity from there primary homes to buy a vacation home around the lake for cash. Maybe pulling equity out for a down payment I could easily see but enough to buy here in cash is highly unlikely for most.
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I know this is a Lake Winnipesaukee forum but I don't believe I said everyone is buying vacation homes around Lake Winni with cash from their primary home.
A vacation home can be anywhere people go to vacation. The economy doesn't revolve around just NH.