good article
Skip, good article. Another set of factors not mentioned in that article are:
1) Baby boomers retiring - looking for likely getaway scenarios where they would have a Lakes Region home in the summer and a Florida home in the winter. They find they no longer need to live near work (major metro areas) and are looking for a quieter, quality-time life. There's a lot of money becoming available as people sell their Boston-metro homes and those in other high-employment areas of New England and beyond.
2) The post 9/11 era still fuels a demand for "getaway" living as opposed to spending money on travel. Many people want to vacation somewhere "safe" where they don't have to fly, or go on a cruise ship, or be in a foreign country. The Lakes Region is a perfect solution where families can enjoy a wide variety of quality-time activities.
So, I agree with the article....there is not likely to be a bubble burst in the Lakes Region real-estate market, especially lakefront.
Last edited by Orion; 10-20-2005 at 08:12 AM.
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