Quote:
Originally Posted by joey2665
But you said it in your post. “ slow down investment owners” which in turn reduces demand and lowers values. Investors are willing to pay a little more if they can get a good ROI.
Short term renters are not renting in downtown Laconia or anywhere that is a good distance from the lake.
Also what’s good for the goose is good for the gander.
You cannot limit you just water front, what if you have a view or are walking distance from the lake etc that opens Pandora’s box.
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Paradoxically, a huge number of lakefront owners do not benefit from increased property values. Increased values are great when a person sells, but if your property is going to be in the family for decades or generations, the higher price tag does nothing until that day arrives far into the future, or your kids' or grandkids' future. In the meantime, as many have pointed out on other threads, higher lakefront property values (relative to non lakefront) increase property taxes every year.