Quote:
Originally Posted by thinkxingu
Ummmm...I totally disagree.
There are so many longtime lakefront owners who have gotten crushed from the increased taxes and, including some members here, who have lost homes that have been in their families for generations as a result.
Also, there are many, many families who have been priced out of boating these last years, and that's troublesome to me as well.
I get the math and value and all that jazz, but I think it's totally reasonable to have an issue with costs rising so exponentially that swaths of people lose access or have to forgo other important things to cover the increased costs.
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But they are not forgoing other important things.
I see this all the time. People that can't afford their rent purchasing all sorts of ''toys''.
It is a choice they are making.
In 1995, Polaris and Bombardier requested independent studies on the future direction of their businesses. In 1998, they publicly released that information at the International Snowmobile Congress... most people left the room as they thought they were going to speak of global warming.
They didn't.
They spoke of the recent change to financing their own products and discovering how financially unstable those seeking their products really were.
After that, they locked the data until a shareholder lawsuit forced Polaris to release it. Bombardier, instead, chose to spin off the recreational division... that later had to go to bankruptcy due to poor management.
It was some of the earliest data that the anyone had bothered to correlate telling them that even after Reagan and O'Neil had warned Americans that savings Social Security under the Greenspan Commission plan meant the Americans would really need to focus more on retirement saving... and simply were not.
That data is not at this time eye-opening... but a lakefront home, or even a vacation home, is a luxury. Those that have saved millions for retirement and can keep the home up... pass it along without burden... and put their children/grandchildren in a position to continue to afford its upkeep... more power to them. For the rest, it is just a luxury that may be unreasonable.
It happens throughout the system.