Vacation Home Slowdown Can Hurt More Than Real Estate Market
Anyone who’s been in this state in late July has seen the traffic pattern – the long line of cars and trucks with boats or kayaks or bikes on the back, heading north on the highway to New Hampshire’s Lakes Region. Some folks are heading toward campgrounds or b&b’s; some others are heading toward their own vacation homes, which in the Lakes Region can be pretty substantial.
So what happens when that part of the economy takes a big hit? Reporter Amanda Loder of StateImpact New Hampshire has been looking for the answer to that question, for her economic series, Getting By, Getting Ahead. She tells All Things Considered host Brady Carlson about the state of the market, and about some good news for a Manchester teacher she recently featured in the series.
Lakes Region Snapshot: High-End Vacation Homes Impact Year-Round Economy