Lake Daytime Speed Limit

[TiltonBB]

Originally Posted by John Mercier

It isn't really funny.
There are many, such as myself, that want to see the lake properties increase in value and be built out... there are others that want to see that build out restrained.

But we have always been told that added erosion and loss of safety would result in collapsing property values... something that would shift costs back to us.

"There are many, such as myself, that want to see the lake properties increase in value" Would that be so people in waterfront homeowners can carry the heavy end of the tax burden?

"Shift costs back to us"? So you see the issue as waterfront owners VS non waterfront owners?

First: There are many waterfront property owners who are year round New Hampshire residents. Making an Us VS them self serving argument looks petty.

But more important: New Hampshire has set itself up through it's tax structure to benefit substantially from non resident taxes and the tax revenue supported by the tourist industry. Many,many non residents contribute substantially to the tax base that the state uses, while taking very little in government supported services.

It is counter productive to bite the hand that feeds you.

[John Mercier]

They are properties.
It doesn't matter to anyone whether the property is occupied by the owner, or how long.

The higher that a sector of property goes within a district, the more that the cost of the budget as a percentage is shifted to that property.

Lakefront and Lake view are currently hot commodities... keeping that going is good for the tax rate when you have budgetary pressures on labor - which makes up much, if not most, of the local budgets.

If someone is willing to pay more for a property because they feel that they can do more of what pleases them... then the value of the property is likely to rise faster than the base... and it will shift the budgetary costs in that direction.

It insures that the housing sector stays strong... and the housing sector, not tourism, is the strongest part of what we have going in the Lakes Region. If we stop building or renovating... we lose jobs, lots of jobs. That improvement of the property makes the property worth more.

This isn't new. It just that currently we have an up cycle that we want to keep going. Some will sell... but that will mean that others are willing to buy.
And after they buy, they tend to renovate which keeps the construction industry busy.

So it isn't an US vs Them. They want the property, and want to build/renovate and we want them to come and purchase the properties and build/renovate. If a higher speed on the lake makes that happen... I don't see that as a bad thing.

We've been told for years that the opposite would happen.

[Garcia]

Originally Posted by John Mercier

They are properties.
If a higher speed on the lake makes that happen... I don't see that as a bad thing.

We've been told for years that the opposite would happen.

I find it highly, highly doubtful that a higher lake speed (or lower one than what is currently in place for that matter) will have any bearing on the price of waterfront properties.

[John Mercier]

Originally Posted by Garcia

I find it highly, highly doubtful that a higher lake speed (or lower one than what is currently in place for that matter) will have any bearing on the price of waterfront properties.

You don't think some boat owners would choose one over the other?
I would think that someone with a high speed boat, or looking to purchase a high speed boat, would want to own or rent property on a lake that supported that desire.

[Garcia]

Originally Posted by John Mercier

You don't think some boat owners would choose one over the other?
I would think that someone with a high speed boat, or looking to purchase a high speed boat, would want to own or rent property on a lake that supported that desire.

No I don't, just as the implementation of the speed limit has not had a positive or negative impact on waterfront property.

[John Mercier]

Well, someone seems to be bringing it to the attention of Rep. Bordes.