Quote:
Originally Posted by Biggd
A lot of these younger home buyers, under 35, haven't experienced a real down turn in their working careers. How prepared are they when they lose their job and no one is hiring, will they panic sell?
I think it is more likely people still try to unload their second homes to try and save their primary home. When that happens inventory sky rockets, no one can afford to buy, and prices fall.
Just how far they fall depends on the length of the down turn and how long people can hold on.
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LaDaSun article regarding inventory-history and prices among older shorefront communities--examples at
Patrician Shores:
https://www.laconiadailysun.com/real...f29784ad5.html
I note boat size is limited to a reasonable (for Lake Winnipesaukee) 24-feet.
