Thread: Cost of fuel...
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Old 03-20-2022, 01:10 PM   #164
John Mercier
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Originally Posted by DickR View Post
While the formulae in that article may be (very crudely) ballpark for some folks in some areas, the article is fairly useless in many areas of NH lakes region. The market value of lakefront homes often is a poor indication of the income or living standard of the owners. Recent years have pushed market values way up, but that is a reflection of the buying power and perhaps living standard of prospective owners, not the current owners.
We are a little off track here... but the cost of fuel will impact everything.

The NH property taxes will make up the difference.

Even studies in NH show that most retirees are more concerned with the amount of income they currently have... future prospects are for Medicare costs to increase (Part A Trust fund insolvency would result in lower payouts to hospitals) and decreased OASI (Social Security) monthly benefits.

*Update... the govt cap is now 970,800. I think when Peter Bennett updated his blog he forgot to update that number.

But even if we took a prior to dramatic price increases... a very low percentage of residents are meeting the mark. Early retirees are usually happy... but the longer they live the worse it gets. That may be the result of too much spending in early retirement, or trying to cover the deferment of property repair/upgrade prepping for physical changes.

Also, according to Peter Bennett - a staff writer at, there is a govt cap on HECM provided with FHA of 625,500 regardless of the value of the home and a 1.25% annual premium. The only private lender going beyond that cap is Tulsa, Okla.-based Urban Financial of America. They will go 40% of equity up to $2.5 million... but no competition means high fees.

The cost of fuel will have both short and long term impacts as it builds into our system. We may see the prices in the future fall, but they generally do not fall back to where they were prior to the surge. Boating, as with many things, is a long term commitment. Yes, some will sell-out, as I did... but many will need to adjust short term to endure long term. The ''offsets'' will differ for each boater, but the ''offsets'' also have longer term effects.

I am sure that marinas are needing to think about product like we are. They will need to determine how much product to purchase for future demand years ahead of delivery due to the supply lines. Restaurants/etc may be trying to determine what they need for this summer... but even they have to think about the longer term capital investments that they will be making in the business.

Last edited by John Mercier; 03-20-2022 at 02:57 PM.
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