Sort of yes, and sort of no.
If the millionaire built a new home... then no.
If they acquired a home that priced the ''bum'' out... then there is causation.
Laconia's resident population has stayed roughly the same since the 1980 census. It has increased housing units dramatically since that time; but yet, still not enough housing.
The homeless population - the best they can estimate due to being transient - has increased sevenfold since 2016.
I don't think it is a simple equation or a simple solution.
But Laconia through leadership and private efforts has tried to move very fast from a mill city to a tourism city. And it has an increasingly elderly native/long term resident population that ''led the good life'' when they were younger.
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