Quote:
Originally Posted by noreast
Manchester is attracting young professionals down at the mills, But there is no affordable housing. They do work for less then the older crowed but they don't have family's so aren't really looking for single family residence. Every tax payer is terrified at the term " affordable housing" Which could also be "small upscale". Those in charge of zoning don't have the creativity to face the issue. The older crowed say's not in my town, As usual, we cut off our nose to spite our face. Builders want to put up Mcmansions, and the town wants max taxes off new development, So we can continue to be a service sector and tourism economy Instead of high tech leading the way.
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I have to agree with this. Shortage of affordable housing is prevalent in NH. Many young professionals can not afford the McMansion or homes with three or more bedrooms. With the baby boomers downsizing the only housing available is more than what they want to pay. Ever notice large homes are not moving and smaller homes are in demand? That is why the market is stagnated. It is not the economy as realtors want you to believe. It's the changing demographics.