Quote:
Originally Posted by TiltonBB
BI,
Many people have who cannot afford, or do not want to own lake front homes have purchased large cabin cruisers and use them like a summer home. By necessity more than three hundred horsepower are required to move these boats, yet most top out at 25-30 MPH. Many of those same people have purchased (or rent slips) to accommodate those boats.
1. What will happen to the value of those slips when no large boats are here to need them anymore?
2. How will the towns make up for the lost tax revenue? Example: Mountain View Yacht Club in Gilford has 284 slips, most approved for larger boats that require over 300 horsepower. It's safe to say that at least 200 of the boats in just that one marina have over 300 horsepower. Reduce the demand for those large boat slips and you have reduced the market value (Think tax value)
3. Should the government enact a law that will seriously impact the local marina businesses that sell those boats? (I know what you are thinking, instead of selling a $350,000 boat they could sell $250 plastic kayaks)
4. How will the state make up for the lost corporate tax revenue when the major marinas on the lake do substantially less business?
5. With less demand comes lower prices. Most people do not want to be at the lake to paddle their kayak or sit on the shore and eat granola. Fewer people will choose to purchase first or second homes on the lake, choosing to go elsewhere where the regulations don't exist. Are you prepared to see your home value decrease? (At the same time the towns will increase the tax rate to make up for lost revenue)
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The cost of lakefront homes is not that much more than large cabin cruisers. In some cases less. Before lakefront prices went nuts a few years ago, several homes in my area sold for under $100k. I just checked the current valuations on Bear Island and found 39 homes under $300k. How much is a new big Carver? And think of how much you can save on slip rental and fuel!
1. They will convert to slips for smaller boats.
2. The town may have more take revenues as people that have left the lake or stayed away do to the unfair use by the rich few ends.
3. Governments enact laws that effect businesses every day. Governments have a RESPONSIBILITY to enact laws that will improve safety and reduce pollution, even if there may be economic impact. Over the years how many times have the auto makers told us increased safety and pollutions standards would put them out of business, or increase the price of cars to where nobody can afford them? The answer is EVERY time.
4. The marinas may do MORE business. Perhaps you have forgotten that several of the marinas in the area support speed limits.
5. Demand will, if anything, increase.