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Post by Barker on Jun 11, 2021 12:26:11 GMT -5
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Post by Dream Maker on Jun 12, 2021 21:22:21 GMT -5
So Maine hates out of Staters… im starting to wonder why i tip and spend my money there….
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Post by rippy on Jun 13, 2021 13:19:42 GMT -5
So Maine hates out of Staters… im starting to wonder why i tip and spend my money there…. I don’t believe this proposal exempts Maine residents that own vacation homes in the state, but absolutely punishes out of staters. The notion of punishing people for using less government services is just bizarre to me.
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Post by randomdudeinbethel on Jun 13, 2021 21:47:31 GMT -5
So Maine hates out of Staters… im starting to wonder why i tip and spend my money there…. I don’t believe this proposal exempts Maine residents that own vacation homes in the state, but absolutely punishes out of staters. The notion of punishing people for using less government services is just bizarre to me. A lot of people are grumpy about trying to compete with metro Boston dollars for housing on Oxford or Franklin County incomes, especially when those dollars come in a no-contingency cash offer. That doesn't make the bill a good idea, but it's a problem a lot of mountain towns are wrestling with that came here relatively recently, and it's unlikely to go away anytime soon.
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Post by breeze on Jun 13, 2021 22:37:32 GMT -5
Gosh, it isn't like the left-over towns of SAD 44 don't have to pony up Newry's former share of school funding. But why would ski-house owning families give a sweet fart about that ? Not their issue. After all, there is nothing but corduroy outside their slopeside doors.
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Post by Machski on Jun 14, 2021 7:07:00 GMT -5
I don’t believe this proposal exempts Maine residents that own vacation homes in the state, but absolutely punishes out of staters. The notion of punishing people for using less government services is just bizarre to me. A lot of people are grumpy about trying to compete with metro Boston dollars for housing on Oxford or Franklin County incomes, especially when those dollars come in a no-contingency cash offer. That doesn't make the bill a good idea, but it's a problem a lot of mountain towns are wrestling with that came here relatively recently, and it's unlikely to go away anytime soon. The entire country is wrestling witht his exodus of $$ out of the cities/burbs into the rural areas, not just Maine resort towns. To add a surcharge tax onto what we second home owners already pay via property taxes is absurd. We don't use even half the public services a resident owner does yet we pay the same rate. So yeah, add some more to those who aren't the burden on the system. And this on the heels of being told we were not welcome and to stay away from our second homes at the start of this Pandemic. Perfect.
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Post by promontoryrider on Jun 14, 2021 8:53:54 GMT -5
I don’t believe this proposal exempts Maine residents that own vacation homes in the state, but absolutely punishes out of staters. The notion of punishing people for using less government services is just bizarre to me. A lot of people are grumpy about trying to compete with metro Boston dollars for housing on Oxford or Franklin County incomes, especially when those dollars come in a no-contingency cash offer. That doesn't make the bill a good idea, but it's a problem a lot of mountain towns are wrestling with that came here relatively recently, and it's unlikely to go away anytime soon. I live in Southern NH and it's the same here. Coworker sold her condo $42k over asking price - CASH!
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Post by randomdudeinbethel on Jun 14, 2021 9:23:16 GMT -5
A lot of people are grumpy about trying to compete with metro Boston dollars for housing on Oxford or Franklin County incomes, especially when those dollars come in a no-contingency cash offer. That doesn't make the bill a good idea, but it's a problem a lot of mountain towns are wrestling with that came here relatively recently, and it's unlikely to go away anytime soon. The entire country is wrestling witht his exodus of $$ out of the cities/burbs into the rural areas, not just Maine resort towns. To add a surcharge tax onto what we second home owners already pay via property taxes is absurd. We don't use even half the public services a resident owner does yet we pay the same rate. So yeah, add some more to those who aren't the burden on the system. And this on the heels of being told we were not welcome and to stay away from our second homes at the start of this Pandemic. Perfect. I get that. I've lived in Vermont, where—while it has accelerated recently—the NYC metro money (or income disparity, however you want to look at it) was already a serious issue ten or more years ago. But I know people (both here and in resort towns elsewhere) that are being forced to move because they can't find housing they can afford, and there's a direct connection to staffing challenges. The reality is that it's still not nearly as bad here as in some places (e.g. the Teton Valley towns that used to be where Jackson employees could afford to live are now as pricey as some resort towns), especially when you can still get pretty cheap real estate half an hour away, as long as you don't mind the mill smell. If remote work for white-collar jobs continues to be a widely accepted practice, though, I'd bet on it creating significant challenges throughout the country as places that have had cheap real estate and low population due to a lack of jobs suddenly become more desirable.
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Post by patroller on Jun 14, 2021 9:42:40 GMT -5
A lot of people are grumpy about trying to compete with metro Boston dollars for housing on Oxford or Franklin County incomes, especially when those dollars come in a no-contingency cash offer. That doesn't make the bill a good idea, but it's a problem a lot of mountain towns are wrestling with that came here relatively recently, and it's unlikely to go away anytime soon. I live in Southern NH and it's the same here. Coworker sold her condo $42k over asking price - CASH! MWV is crazy right now.. Neighbor's Conway Zillow estimate was 350K last year. The Agent said "The market is great right now, Try $450 to see what happens. Nothing to loose" Listing was posted at 10am Weds; 2 offers w/in 6 hours over asking price, SIGHT UNSEEN.... Under agreement w/in 3 days. $525K CA$H closing 4 weeks later Another one - Tamworth Zillow says $240K Listed for $340K, Sold for $380K SIGHT UNSEEN in 5 days
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Post by Dream Maker on Jun 14, 2021 12:14:23 GMT -5
I keep seeing “looking for winter rental”. Told the wife we should put the condo out there for $100,000 per ski season. Who knows we might get it. Just dont know where we will stay.
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Post by ZenMaster on Jun 14, 2021 13:39:37 GMT -5
It’s not just resort towns. The estimated value of our house (a colonial) in the Portland suburbs (not Falmouth, Yarmouth, Cumberland, or Scarborough) on a pass-thru street (ie not a neighborhood per se) is up from mid-threes to high-fives in the last year. Not that we are going to sell, but if we were that’s great and all but not sure where we’d be able to buy anything close to comparable for same or less $$. Question in my mind is how long will it last?
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Post by rippy on Jun 14, 2021 18:29:35 GMT -5
It’s not just resort towns. The estimated value of our house (a colonial) in the Portland suburbs (not Falmouth, Yarmouth, Cumberland, or Scarborough) on a pass-thru street (ie not a neighborhood per se) is up from mid-threes to high-fives in the last year. Not that we are going to sell, but if we were that’s great and all but not sure where we’d be able to buy anything close to comparable for same or less $$. Question in my mind is how long will it last? A long time. US savings rate is at record highs. Lots of people have lots of money and with the pandemic being pretty much done are eager to spend it. No signs of the economy slowing down.
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Post by Machski on Jun 14, 2021 20:16:16 GMT -5
It’s not just resort towns. The estimated value of our house (a colonial) in the Portland suburbs (not Falmouth, Yarmouth, Cumberland, or Scarborough) on a pass-thru street (ie not a neighborhood per se) is up from mid-threes to high-fives in the last year. Not that we are going to sell, but if we were that’s great and all but not sure where we’d be able to buy anything close to comparable for same or less $$. Question in my mind is how long will it last? A long time. US savings rate is at record highs. Lots of people have lots of money and with the pandemic being pretty much done are eager to spend it. No signs of the economy slowing down. Unless you are JP Morgan Chase. Diamond says they are hoarding cash as they see inflation sticking around and the ability to turn that into better returns in the future.
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Post by rippy on Jun 14, 2021 20:42:06 GMT -5
A long time. US savings rate is at record highs. Lots of people have lots of money and with the pandemic being pretty much done are eager to spend it. No signs of the economy slowing down. Unless you are JP Morgan Chase. Diamond says they are hoarding cash as they see inflation sticking around and the ability to turn that into better returns in the future. Most consumers aren’t JP Morgan. I think inflation will be transitory and interest rates may tick up some but the economy will stay strong. Banks are financial intermediaries with completely different goals than consumers.
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Post by Machski on Jun 16, 2021 9:27:12 GMT -5
Unless you are JP Morgan Chase. Diamond says they are hoarding cash as they see inflation sticking around and the ability to turn that into better returns in the future. Most consumers aren’t JP Morgan. I think inflation will be transitory and interest rates may tick up some but the economy will stay strong. Banks are financial intermediaries with completely different goals than consumers. True, and with interest rates where they currently are, fed has some ammo to counter inflation I'd say.
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