Quote:
Originally Posted by John Mercier
The generational camps/cottages tend to be smaller with more basic materials... those are second homes that will stay in the family over time.
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I hope this is true--they are gems. But your previous post predicted these are going to disappear.
One related dynamic here--if the modestly well-off owner of a camp sees a $2MM gain on the value of his cabin--"OMG--I'm rich!" is a reasonable reaction, and he might really appreciate what that cash can do for his retirement. But if a person who was already wealthy sees a $2MM gain on his grander lake home, it does not necessarily change his financial position or thinking. I don't really know the answer here, but this at least suggests that larger homes may turn over less than smaller homes