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Marginal increase in booze, meals, vehicle, cigarette taxes but the the holy trinity of nh towns: bartlett, hebron and Moultonborough may lose their luster.
How are more taxes generated when the condo owners are already paying real estate tax and there is no sales or income tax?
Business taxes, liquor tax, cigarette tax, lodging tax, property tax, gas tax, gaming tax. I’m sure the list goes on. I’m sure a good percentage is from “condo/vacationers”.
My niece says that people fleeing New York have decided to take up residence in their ski condos that they own in New Hampshire or Vermont, at least until the virus is under control.
They plan to enroll their kids in the local school systems, in some cases overwhelming them. She specifically mentioned Waterville Valley and vicinity.
We are seeing the beginning of a shift in our country. The pandemic has forced record people to work from home. As companies realize that not only are workers more productive at home but also overhead costs are reduced, you are going to see more and more people permanently working from home. Further the companies that do not catch on are going to struggle to find skilled/educated help. Paying high overhead to force people to spend hours a day commuting is ridiculous.
Certainly there are some people that prefer citylife but there is a reason people vacation in rural areas. All us lifelong NH residents should get ready for more neighbors.
What proof is there workers are more productive at home? My WFH experience would say otherwise. It has been a challenge to train both new hires and in house promotions. Not to mention the amount of time lost due to tech access issues. Working off of a VPN has its pitfalls.
Once the numbers of leaving NYC started to be reported, coupled with reports of increased crime, there was some speculation that many of them will never return. Will be interesting to see the lasting impact on NYC and the surrounding areas where its former residents flee.
What proof is there workers are more productive at home? My WFH experience would say otherwise. It has been a challenge to train both new hires and in house promotions. Not to mention the amount of time lost due to tech access issues. Working off of a VPN has its pitfalls.
Once the numbers of leaving NYC started to be reported, coupled with reports of increased crime, there was some speculation that many of them will never return. Will be interesting to see the lasting impact on NYC and the surrounding areas where its former residents flee.
Yeah, maybe I can buy that 600sf condo in NYC for 2.5 million now instead of 3.8 million, lol.
In NYC prices fell 18% in the second quarter. I believe that real estate is going to drop significantly in dense metro areas in high-tax states. Like I said earlier, these migration trends were already present for awhile, but with the plandemic and civil unrest they are going to be exacerbated. People will be coming to NH more now than they already were before.
Business taxes, liquor tax, cigarette tax, lodging tax, property tax, gas tax, gaming tax. I’m sure the list goes on. I’m sure a good percentage is from “condo/vacationers”.
Wyoming is one of the seven that doesn't have income, corporate or business taxes or a "special" tax on dividends. Four/five percent state sales tax, county level property tax and ad-valorem vehicle tax, state gas tax.
But when the Freedom project voted, we lost out to NH. How's that working out for you?
Nothing much has changed in Wyoming since I was born there in 1959. We still mine more coal than any other state, produce more sour crude and natural gas than other surrounding states. Most people come, visit and leave. Rich ones stay and raise their great-grandchildren there. Winters are horrible which weeds out a lot of newcomers. To get a resident fishing/hunting license (if you came from outta state) takes a year from the date you changed your drivers license. We want to be sure, this is where you want to be.
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