Lake Daytime Speed Limit

John Mercier · 02-25-2022, 08:09 AM

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 · 02-25-2022, 08:46 AM

Quote:

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 · 02-25-2022, 10:55 AM

Quote:

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 · 02-25-2022, 11:31 AM

Quote:

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 · 02-25-2022, 11:47 AM

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

02-25-2022, 08:09 AM	#1
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,413 Thanks: 3 Thanked 599 Times in 495 Posts	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.

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02-25-2022, 11:47 AM	#5
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,413 Thanks: 3 Thanked 599 Times in 495 Posts	Well, someone seems to be bringing it to the attention of Rep. Bordes.