Apartment Building Proposed at the Weirs Rotary

[TiltonBB]

Originally Posted by WinnisquamZ

Yes, they caved on the parking issue for “poor people” as you say. Once approved the parking issue remains even if “poor people” no longer occupy the housing. Can someone clarify the lot in question? Is it the diner location on the channel or the paved lot across the street?


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The subject property is the paved lot that is not on the water, across the street from the diner. It has frontage on the traffic circle and Endicott Street North.

The lot with the diner, and the very tired looking house that is adjacent to the bridge has been on the market for quite a while. My understanding is they are asking somewhere over $1 million. It is a tough site with docking for maybe 3 boats in a place where your boat is subject to being struck. The Channel traffic that includes inexperienced boat renters departing Northwater Marine, in sometimes difficult current, passes by just where the Channel narrows.

[John Mercier]

Just the noise and crossing the traffic circle on a busy weekend is not going to be that ''fun''.

[WinnisquamZ]

Originally Posted by TiltonBB

The subject property is the paved lot that is not on the water, across the street from the diner. It has frontage on the traffic circle and Endicott Street North.

The lot with the diner, and the very tired looking house that is adjacent to the bridge has been on the market for quite a while. My understanding is they are asking somewhere over $1 million. It is a tough site with docking for maybe 3 boats in a place where your boat is subject to being struck. The Channel traffic that includes inexperienced boat renters departing Northwater Marine, in sometimes difficult current, passes by just where the Channel narrows.

Thank you for the clarification on the lot. Agree with you John, Laconia is making it very difficult for the lower to middle class to live here.


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[John Mercier]

You have plenty of lower class.
We used to call it the lower middle class... but that was considered demeaning.

They changed it to workforce... which is what Laconia actually considers middle class.


The actual middle class has financial stability...
Which generally means enough emergency funds and retirement funds to meet a certain age-based standard relative to household income.

Laconia has a household income of $70K - seems low to me. Which means a middle class household headed up by someone in the 35-40 year old range should have emergency savings of around $21K and retirement fund around $140k. Someone in the 55-60 range should be around $70K in emergency funds, and around $560k in retirement funds. That means that they can sustain their household standard or living through retirement years even with the cuts expected in SS and increased Medicare premiums.

Laconia has a lot of residents that have housing, and a full time job, but only have the appearance of being middle class.

Same thing with the people that believe themselves to be in the upper middle. They generally have higher annual household incomes (above $105K per standards), but may not have enough emergency funds and fall far short of the retirement requirements.