Quote:
Originally Posted by Biggd
It is sad that long time residents get priced out. Many of the new wealthy home buyers don't have the feelings for the area that the long time property owners do but I guess that's the price of progress.
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I'm not sure if "progress is the right word, but it's as good as any other.
I think CA Prop 13 mentioned by Gary above provides some tax protection for long term residents in a primary home. I tease my friends who own a place on Lake Sagandaga, NY that their area is ripe for abusive development, same as the NH Lakes Region. The hang up is that, at least on that lake, NY retained ownership of most of the shorefront. Towns in NH won't let that happen, even allowing "current use" on small shorefront parcels that would help protect water quality. They just won't give up the high property taxes for shorefront.