Join Date: Feb 2010
Location: Narragansett Bay
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Re: Opposition to liveaboards
If you rip out a marina on the Bay and replace it with a house, the real estate taxes would decline! Commercial tax rates are substantially higher than Residential.
These hypothetical residential neighbors that object to the good tax deal that marina tenants get, should be careful what they are asking for. You can put the marina out of business, when its tenants can't afford both property taxes and their lease (which includes the marina's taxes) and replace it all with less revenue from the new McMansion. Then those dopey homeowners that complained get to pay more to make up for the loss of the commercial base instead. Duh.
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.