Quote:
Originally Posted by Woodsy
I am very disappointed in the City of Laconia....
In what world is this a good idea? They had to change the zoning rules to get this to happen... more $750K-$850K condos just contribute to the gentrification of the Weirs. Anyone who lives in that neighborhood is going to be taxed out of existence!
Woodsy
|
Because you can either add new housing or just accelerate the market value of the existing. Technically, the economic dynamics of capital suggests that new housing will stabilize price acceleration by addition of supply to balance demand.
From a property tax standpoint it broadens the base... it would be up to the city to control demand on the resources. But unless they attract a lot more children placing pressure on Elm Street, the Middle School, and less likely the High School... I can't really see the budgetary downside.