Quote:
Originally Posted by The Real BigGuy
I disagree with your “buy as condo then rent” assumption. Most people who buy a condo in a vacation area only rent it “short term” (Air B&B, etc.) because they want to be able to use it and short term maximizes their return. Sounds like what most people are saying is Laconia needs more long term rentals.
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The planning board has the ability to restrict STR as part of the approval. Though only through enforcement efforts can it be determined that someone occupying the residence is either the owner or has a long term lease.
The problem Laconia has is not enough housing units for the demand. We know that because it has the same population as when Major and I were in high school... and we have built a lot more housing units since that time. Even changing over factories to housing units. The factories, some condos some apartments, tend not to rent well STR as they are not in the resort area.
But the apartment prices for the new builds are not going to be in the range of most of the workforce.