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Lakes Region!

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What We’ve Learned from the “Go-Go 1980’s”

Samoset on Lake Winnipesaukee

The 1980’s were dynamic and a lot of fun for many real estate professionals in the Lakes Region. The decade led off with a recession, high unemployment and business failures at their highest levels since 1932.  The decade became known for its outrageous greed, with a lot of free and easy capital and higher doses of leverage.  Leverage can magnify gains as well as losses. The result was the creation of one of the best buying opportunities I’ve seen in real estate or one of the worst real estate depressions in history. 

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The Bungalow-down

bungalow

According to the New England Real Estate Network’s multiple listing service (MLS), 50 Lakes Region bungalows are for sale, under agreement or were sold within the last year. Okay, so that’s not exactly breaking news, but if you and I toured each of these properties that are collectively referred to as “bungalows,” you’d be astonished by how widely they vary.

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