The Wolfeboro Area Children’s Center (Daycare and Pre-school facility and after school care) will be holding a fundraiser. The organization has a sliding scale for people of all incomes to be able to afford care for their children in the area. They rarely turn anyone away and it is because we put great effort into fundraising. This is one of the biggest events of the year.  It will be held at Estabrook Hall at Brewster Academy Sat June 5th from 6-10PM. There will be lots of yummy food (included in the ticket price) and a cash bar, along with Las Vegas Style gaming put on by Alpine Amusements. The guy used to own a casino in Vegas and now takes his equipment to events like this.

Tickets are $45 a person, you get food, $150 in poker chips to start. We have tons of great prizes (gift certificates, artwork, tickets to events, etc) that you can use your winnings to either bid on (for bigger items) or get raffle tickets to put in the baskets for some of the smaller ticket items!

It should be a fun time, and of course you can always buy a SUPER RAFFLE ticket for $50 and have a 1 in 300 chance to win $5000! You need not be present to win! I have raffle tickets and casino night tickets if you are interested! I know many of you have had your kids go here or have grand kids that attend, it is a well run Center.

Thanks for your support!

Karin

Belknap Mountain Tower in 1989 (Photo courtesy Iris Baird)

Around this time last year, after a period of little rain and low humidity, the Town of Alton experienced a major fire which, fanned by 40 MPH winds, destroyed a number of homes in the Alton Bay area. The town council has been active in reviewing and acting upon prevention suggestions. But one of the first lines of defense remains the Belknap Mountain Fire Tower, in operation since 1913.

Each day may begin like any other for a smoke watcher in the Lakes Region of New Hampshire. The fire watcher makes a visual scan for any blue smoke, reads the weather recording devices, checks the Osborne Fire Finder instrument, settles into the insulated chair, for lightning storms, and makes his morning radio check.  Right now the forest is dry, always flammable, but until the lightning storms later in the summer the danger of fire is moderate. Later, with the afternoon winds, the tower will sway; maybe there will be a visit of St. Elmo’s fire.  Vigilance is the watchword; there are no magazines or newspapers; no telephone, doorbell or mailbox.

The trails to the fire tower are worth the walk. My favorite route is along the ridge from Mt. Major. There are also trails from the Gunstock Recreational Area. The views – what can I say, they’re mesmerizing. Lakes Winnipesaukee, Crystal, Manning, Wentworth, Merrymeeting. The towns of Alton, Gilford, Wolfeboro, Meredith, Center Harbor. To the Northeast, the Maine mountains bordering the ocean, to the North, Mt. Washington and the White Mountains, to the Southwest, Mt. Monadnock.  Dreamlike views, all of it seemingly empty.

It still surprises me somewhat to find people local to the area who have never gained such a perspective offered from the highest point in Belknap County. There are more of them than you would guess. Not so, my friend J.R. Stockwell, the 10th generation native who I believe has hiked more trails, ascended more mountain tops in winter, and taken more advantage of the wonders New Hampshire has to offer than anyone that I know of or have heard of.

I stayed on Belknap Mountain one afternoon until sunset, the sky filled with banks of ragged fiery clouds and then hiked back down in a fine mist as the forest settled in for the night. Time well spent.
Jim Ferriman    Jferriman@spencerhughes.com    603-520-5385

Considering real estate? Don't wait!

Why? Why indeed! The answer is and always will be the long term appreciation rate of a property. Appreciation is the increase in property value over time due to inflation and the effects of supply and demand imbalances. If the appreciation rate is high enough, about 1.75 points above the inflation rate, the value of the property increases faster than the outlay costs of taxes, insurance, maintenance and interest. This results in the experience of “living for free.”

Long term appreciation rates will mirror the general rate of inflation. If they don’t, the great leveling factor of supply and demand comes into play. A statistical review tracking repeat sales of the same homes, known as the Case-Shiller index, concluded that the price of existing homes increased by 3.4% annually from 1987 to 2009. The general rate of inflation during this period was 2.9%.

Has the bottom been tested? The awful corollary of appreciation is depreciation. This happened in the late 2000s. Has it run its course? Well some of the best returns from Wall Street for the past 12 months have been realized by real estate mutual funds. PIMCO Real Estate, PRRSX, showed a 107.41% per share increase for the 12 months ended 4/30/10. To me this is an excellent indicator of how investors and finance insiders assess the national real estate market.

Now here is my central point: There remains little undeveloped waterfront property in the Lakes Region; ergo the appreciation rate should not only keep pace with the national inflation rate but also allow a faster increase in value due to the demand exceeding supply. Low property taxes and interest rates, a growing population and the desirability of an area are other major factors, and which I have written about in earlier blog posts, that will also positively affect the value of Lakes Region Properties.

Tomes have been written, are probably being written and likely will be written about the real estate fluctuations of the past 4 years. And though I prefer to retain a sense of the undiscovered nature of our area I imagine we can expect some focused attention on the Lakes Region of New Hampshire.
Jim Ferriman    Jferriman@spencerhughes.com    603-520-5385