Correct.
But that was when the pressure on the southern tier was based on employment in the area and in Mass, with home ownership in southern NH causing a rapid build out.
Boomers were just entering their adult employment years during that time and starting families... now those boomers are in/entering retirement, and not looking to reside close to employment.
It is why weekend vacation homes on the mainland around the lake are moving from seasonal to permanent residence.
With covid and remote work, it just sped the process up.
We already had a tight housing market, so now we have to build our way out of it. Demand just isn't likely to go away. And I think some of that pressure will start to be absorbed in the north.
I think that may be why Hancock purchased Winni, not only do you block other competitors, but you lock in an area that they expect will help them capture more of that growth on the eastern side of the WMNF.
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