"Malaise in mansion sales"

fatlazyless · 01-18-2009, 11:24 AM

"Malaise in mansion sales".....a top of the front page, article from yesterday's Saturday, January 17, www.Union Leader.com, 50-cent print edition. Talking about the local real estate market is a never ending topic that can either put you to sleep or peak your interest.

I was unable to make a working link because it requires an online subscription, so here's a few of the more interesting paragraphs.

"In the past 30 years, the lake has gone through a major transformation, with few small cottages left," (Russ) Thibeault said.
Many of the houses now for sale replaced small camps that were torn down to make "McMansions," Thibealt said.
'These are not locals who are buying anymore. They are East Coasters who have done very, very well," and the lake has become out of reach for the middle-class New Hampshire family, he said.
Thibeault said times have changed from the days in the 1970's when a plumber from Laconia could sock away enough to get a little camp by the shore of the lake. "Now, even the doctors are having a hard time," he said.
.....
Well...... I'm somewhat relieved to hear that coming from Mr Russ Thibeault of Applied Economic Research Associates in Laconia....as an out-of-work, truck driver, now I do not feel too bad just struggl'n along with my $8500. annual prop taxes.
.....
Waterfront land alone in many cases has more value than the building on it, Thibeault said.
......
Yes, in my case, it's 1/4 acre accessed for about 700k, and the cottage for about 100k.
....
This article has 32 paragraphs and it would be terrific if someone can figure out a way to post a link. It gets into the slowdown in sales and number of homes for sale and talks about one home on Governor's Island that pays $76,000 in property taxes.
.....
"There are at least 13 properties listed for sale on Governor's Island in Gilford."

"'But with recently enacted shoreland protections, it is hard for property owners to do as much with raw land, he said." (Marc Bourgeois)

"The market for Winnipesaukee has changed dramatically in 20 years, he said. Now it is an international market."
............
Besides the Shoreline Protection Act enacted July 1, 2007, there's also the 45-25 boat speed limit, and the decidedly cool & wet weather experienced in 2006, 2007 & 2008. For the past three years, the weather from May 15 to August 15 has been pretty drearie with prolonged cool & wet spells lasting for days and days.

01-18-2009, 11:24 AM	#1
fatlazyless Senior Member Join Date: Apr 2004 Posts: 9,169 Blog Entries: 1 Thanks: 310 Thanked 1,103 Times in 812 Posts	"Malaise in mansion sales" "Malaise in mansion sales".....a top of the front page, article from yesterday's Saturday, January 17, www.Union Leader.com, 50-cent print edition. Talking about the local real estate market is a never ending topic that can either put you to sleep or peak your interest. I was unable to make a working link because it requires an online subscription, so here's a few of the more interesting paragraphs. "In the past 30 years, the lake has gone through a major transformation, with few small cottages left," (Russ) Thibeault said. Many of the houses now for sale replaced small camps that were torn down to make "McMansions," Thibealt said. 'These are not locals who are buying anymore. They are East Coasters who have done very, very well," and the lake has become out of reach for the middle-class New Hampshire family, he said. Thibeault said times have changed from the days in the 1970's when a plumber from Laconia could sock away enough to get a little camp by the shore of the lake. "Now, even the doctors are having a hard time," he said. ..... Well...... I'm somewhat relieved to hear that coming from Mr Russ Thibeault of Applied Economic Research Associates in Laconia....as an out-of-work, truck driver, now I do not feel too bad just struggl'n along with my $8500. annual prop taxes. ..... Waterfront land alone in many cases has more value than the building on it, Thibeault said. ...... Yes, in my case, it's 1/4 acre accessed for about 700k, and the cottage for about 100k. .... This article has 32 paragraphs and it would be terrific if someone can figure out a way to post a link. It gets into the slowdown in sales and number of homes for sale and talks about one home on Governor's Island that pays $76,000 in property taxes. ..... "There are at least 13 properties listed for sale on Governor's Island in Gilford." "'But with recently enacted shoreland protections, it is hard for property owners to do as much with raw land, he said." (Marc Bourgeois) "The market for Winnipesaukee has changed dramatically in 20 years, he said. Now it is an international market." ............ Besides the Shoreline Protection Act enacted July 1, 2007, there's also the 45-25 boat speed limit, and the decidedly cool & wet weather experienced in 2006, 2007 & 2008. For the past three years, the weather from May 15 to August 15 has been pretty drearie with prolonged cool & wet spells lasting for days and days. __________________ .... Banned for life from local thrift store!