[tis]

Originally Posted by tummyman

Feels like Mamdani has made it to NH !!! So if this is all about housing, then why exclude all those properties under $500K ? All these under $500K properties owned by RESIDENTS could also be used as rentals....like second homes of residents. So why the exclusion? Can't they participate in making more housing available? No reasonable rationale in my mind. What about land...why not force people to build something? It is all BS!!!!! Just a way to have more redistribution of wealth against a class of people who will get screwed with more taxes but have no voice. There will be so many people getting creative to NOT pay this abusive tax that the towns will have to hire people to try and enforce. Take a $1M property that gets hit with a $7500 tax because it is not occupied for 7 months.. That is a penalty of just over $1000 per month. Now add that to a rent to cover costs, income taxes since you live in another state, federal taxes on income, utility costs, etc. etc. of maybe $2000 per month for a total of $3000. What if you cannot find anyone willing to pay that rent for 7 months and the have to move out because you want to use the property? Are you now supposed to not cover your costs? And will you then not be eligible to avoid the penalty? Time for non residents to REVOLT and hold a protest !!!!!!!!!

Well said. I totally agree with you. What is the live free or die state becoming?