Anchorage Property on Winnisquam

John Mercier · 02-19-2023, 10:01 PM

Condominiums could have been used as apartments in the future.
The current estimate is roughly 2000 per year for the next ten years will need to be built in the lakes region to meet housing supply.

I doubt we will be able to meet it without the high density developments.

Biggd · 02-19-2023, 10:57 PM

Quote:

Originally Posted by John Mercier

Condominiums could have been used as apartments in the future.
The current estimate is roughly 2000 per year for the next ten years will need to be built in the lakes region to meet housing supply.

I doubt we will be able to meet it without the high density developments.

Waterfront condo's would have to be very high dollar rentals. I doubt that's what towns are looking at to meet housing supply.
Those kind of projects are more affordable away from the lake.

John Mercier · 02-20-2023, 08:42 AM

They pull second home demand from the other areas.

Laconia, most noted, has only seen residential population growth of about 2000 people since my birth. It has seen home/condo/etc development in multiples of that number. My guess, as with many, is that the second home market is absorbing all the excess demand.

The high pricing currently seen is a demographic wave phenomena. They figure we can get through most of the Baby Boom retirement pressure by 2035, and that return-to-work will alleviate some of the pressure going forward.
After that, most likely a bust cycle.

Everyone has been turning apartments into condos, and hotel/motels when possible. But the hotel/motel design always seems to need costly rebuilds for them to work in the manner of longer term rentals. I think a hotel/motel is a means to bet that the AirBnb pushback will be stronger. But it makes since to allow ''resort'' locations to be AirBnB.

Each build on the Winni Basin Project is going to put more pressure on the system, so flexibility to avoid a massive upgrade will be key.

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02-19-2023, 10:01 PM	#1
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,991 Thanks: 3 Thanked 680 Times in 562 Posts	Condominiums could have been used as apartments in the future. The current estimate is roughly 2000 per year for the next ten years will need to be built in the lakes region to meet housing supply. I doubt we will be able to meet it without the high density developments.

02-20-2023, 08:42 AM	#3
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,991 Thanks: 3 Thanked 680 Times in 562 Posts	They pull second home demand from the other areas. Laconia, most noted, has only seen residential population growth of about 2000 people since my birth. It has seen home/condo/etc development in multiples of that number. My guess, as with many, is that the second home market is absorbing all the excess demand. The high pricing currently seen is a demographic wave phenomena. They figure we can get through most of the Baby Boom retirement pressure by 2035, and that return-to-work will alleviate some of the pressure going forward. After that, most likely a bust cycle. Everyone has been turning apartments into condos, and hotel/motels when possible. But the hotel/motel design always seems to need costly rebuilds for them to work in the manner of longer term rentals. I think a hotel/motel is a means to bet that the AirBnb pushback will be stronger. But it makes since to allow ''resort'' locations to be AirBnB. Each build on the Winni Basin Project is going to put more pressure on the system, so flexibility to avoid a massive upgrade will be key.