Quote:
Originally Posted by garysanfran
For over 50 years I have watched my neighbors (all of them) sell their property because they can no longer afford the taxes. Someone richer buys it and lives there until they can no longer afford the tax and they sell to someone more wealthy than them, and the scenario repeats.
We are now forced to rent our place out for the summer just to break even on the Meredith tax. So, we use our three-season place in the spring and fall. I'm afraid the "return" on owning our place is diminishing to the point we may have to sell to someone more wealthy than us. The town of Meredith will be very pleased as the "more wealthy" move in. Owners of local businesses will be happy to see us go and be replaced by the more affluent.
If we sell, I am going to find a buyer who is the biggest SOB I can gift to this town.
I can't vote here. I am just a victim of whatever the locals want to do to me. I must admit, they do it with a smile!
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We were fortunate to be able to buy in Meredith a bit over 10 years ago. Since then, taxes on our seasonal, under 1000 sq ft. cottage are just short of double what they were. Approaching retirement, I don't see how we will be able to continue unless we rent the place out for at least a month in the summer. And that may be more bother than what it is worth.