Boomers rush to dump second homes by the sea in mad scramble for cash after huge stock market losses
Second-home owners in Maine are racing to offload their properties, spooked by fears of a house price crash and anxious about their financial future. The shift is especially striking in a state that once topped the nation for vacation ownership — nearly 1 in 5 homes in Maine were second residences as of 2019. Local realtors say it's mostly Baby Boomers dumping their properties after their stock market portfolios took a hit during the recent tariff crash.
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