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Originally Posted by jeffk
Moultonborough just did an reassessment and my value dropped by 5% since the valuation done 3 years ago.
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I would expect 5% fluctuations to occur.
What happens when your neighbor's cottage gets torn down, the lot split in two, and two McMansions get built in the place of one residence?
This apparently hasn't happened to you, but it's quietly happening elsewhere.
Unforeseen, it would throw a monkey wrench into your carefully considered lakeside retirement plans, and
only then one might see the unfairness built into in this system. Friends have told me of McMansions being torn down to be replaced with $4M McMansions (in another state).
You've suggested that you would sell your Winnipesaukee home if your retirement plans didn't work out. Would you be
as satisfied retired in Arizona?
I'm hearing that it's a "dry" heat.
