Quote:
Originally Posted by TiltonBB
That may be true in some situations but many people have different circumstances.
In some cases as people get older and retire their income is no longer what it was when they were working. They have a family home on the lake that has been enjoyed for generations but with the reality of rising maintenance costs and property taxes it has become difficult to stay ahead financially.
Maybe a health situation for them or a family member has drained them financially but they want to try to keep that home they have long planned to retire in and pass it on to the next generation.
I would not be that quick to tell people to sell their homes. I find that the longer people have been on the lake the more respect they have for it. Families that have been on the lake for decades train the next generation about boating rules and etiquette.
If a little rental income helps them maintain possession of their home I think that is a good thing. There are laws in place regarding noise, parking Etc. I would have no problem calling the police if a neighboring property became a nuisance.
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Many people have been driven out of their homes by increased taxes.
A good example is Leighton Ave on lake Winnisquam.
Those lots sold for $1,500 to $2,500 back in the 50's and many people of modest means were able to enjoy lakefront living and these homes were passed along to family in later years.
Taxes are now over 20K in many of these properties.....a pretty big hit for
a retiree or working person.
Not all lake front owners are millionaires