Quote:
Originally Posted by 4 for Boating
Valid point > if your situation is such that you retire and sell the "lake home" and cash in to provide for a comfortable runway > the timing is great right now. However, most camps that I know of have been handed down from generation to generation (no cash out) and it is those that will most likely get pushed to sell by the family members - thus breaking the chain and in all likelihood finding the home demolished to make room for something newer. The circle of life I suppose...
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There are as many options as there are camps. In the case of islands, it isn't just the camp, but incentives to own mainland access, perhaps another $150K, and $$ for boats, but a guarantee of access at a fixed price. What I see is new ownership by 2-3 generations replacing what started out as one couple in say, 1960. Watching other places get sold, many are in trusts that prevent one child forcing a sale, and many have endowments, so the future generations don't have to fight over who pays what share of taxes and maintenance. Nobody advertises the terms of their trust or the endowment, so everybody else just posts speculation on the internet.
Is there more speculation on the internet than there is in Bitcoin? Nah. Internet speculation without basis is way ahead.