A waterfront home is an investment in addition to being a great place to share with family and friends. Our property taxes are moderately higher now than when we lived in Mass. With no sales tax or income tax we're ahead. In addition our lakehouse has appreciated much more already than our Mass. suburban house did in years. Part of the reason is living in Moultonborough which has a much better tax rate than other towns. It's sad when people have to give up their properties but frequently it's a choice to pull out the cash and make other lifestyle decisions. Everyday people make decisions to downsize, keep the car longer, etc. I suspect at some point I will too. But for now I love where I live and it's increasing in value. My property tax is a lifestyle tax.
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