Why Does Maine Have So Many Vacant Homes? 😱

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  • เผยแพร่เมื่อ 25 ม.ค. 2025

ความคิดเห็น • 26

  • @deniseb2571
    @deniseb2571 ปีที่แล้ว +3

    Maine is such a beautiful state. My father was born there. Great food, great scenery and great people in my experience. I wasn't aware of Maine housing situation. Sadly the whole country is suffering with the cost of living. Not sure how much more we can withstand.

    • @Livetheseacoast
      @Livetheseacoast  ปีที่แล้ว

      I agree with you about the beauty of Maine, thank you for the comment!

    • @LeighSGetchellGatto
      @LeighSGetchellGatto ปีที่แล้ว

      I’m from Maine Vinalhaven Maine and Bangor Maine @deniseb2571

  • @Crownd1_
    @Crownd1_ ปีที่แล้ว

    We've got the same problems here on Cape Cod. In fact, the home next to me is a 2nd home. The owners may use it for a few weeks but that's about it. My town just changed the zoning laws which allows a home owner to put up another dwelling on their property. I don't agree with it, but.... 🙏🇺🇲✌️😎

    • @Livetheseacoast
      @Livetheseacoast  ปีที่แล้ว

      Interesting! Thank you for the comment!

  • @spot7006
    @spot7006 ปีที่แล้ว

    In NY state we have the STAR exemption/credit which gives residents a break on school property taxes for their primary residence. Having higher taxes for vacation homes is a way to make owning property more affordable for full time residents while channeling funds generated by seasonal property back into the local economy.

    • @Livetheseacoast
      @Livetheseacoast  ปีที่แล้ว

      Interesting!! Thank you for the insight!

  • @markbajek2541
    @markbajek2541 ปีที่แล้ว +1

    Probably the only solution is to build high density workforce housing that services a few of the coastal towns, every tourist town in the US is struggling with this issue...workers driving an hour or farther into the town they work at due to no housing. Tourist business can't find workers because their workers can't find housing, hospitals can't recruit workers because they can't find housing. So multiple towns, counties , DDA's need to acquire some land within reasonable driving distance and create either tower blocks or some type of multifamily housing.

    • @Livetheseacoast
      @Livetheseacoast  ปีที่แล้ว

      Interesting, thank you for the comment!

  • @cut--
    @cut-- 5 หลายเดือนก่อน

    I'm currently in a fight with my town as they are attempting to pass laws that will ban STRs (short-term rentals - Airbnb). What's interesting about my town is that there are 524 vacant units (not properties but apartments). I've invested well over 2 million in rehabbing properties as a source of retirement income. Their argument is that tourists are taking away housing from local residents. Maine brought in 16.3 billion in tourism revenues in 2022. Can you think of any other income source that provides that kind of income? Don't say seafood, as that is only about 575 million. Logging is about the same @ 580 million. Maine generates 104,000 jobs based on tourism. My overall point is that tourists have money to spend, but they need a place to stay. I'd love to have a ranch in Montana, but I don't have millions of dollars to buy such a place, so I live here. If you can't afford to live in Kennebec or Belfast, move to Augusta, Lewiston, or Bangor. Just my two cents.

  • @pauldonathan5316
    @pauldonathan5316 6 หลายเดือนก่อน

    Why are so many homes for sale in Maine right now? It's insane 😮

  • @fatsil123
    @fatsil123 ปีที่แล้ว +3

    If someone owns a house they can do whatever they want with it. Vacant, short term, long term doesn’t matter. You cannot force any homeowner to do anything with their house they don’t want to. Reason: they paid for it. Not the government or anyone else. Slippery slope. Whats next in the country? Requirement to house illegal immigrants if you have a spare room?

    • @cut--
      @cut-- 5 หลายเดือนก่อน

      thank you. I commented the same sort of thing. Supply and demand!

  • @microlling3582
    @microlling3582 หลายเดือนก่อน

    Yes the implication is tax revenue for the residents from those not using the base services the taxes provide. Seasonal homes are mostly not 4 season capable homes. The solution is keep your greedy fingers off my property when I pay $300 a linear ft for water front property.

  • @johnlundvall8911
    @johnlundvall8911 ปีที่แล้ว

    Of course you get a like for your video, but the house you showed after that i do not wanna rent or buy.😂

  • @Comm0ut
    @Comm0ut ปีที่แล้ว

    Dense population is not a blessing. Nothing is lost when there is no one to lose it. Turning Maine into New York would be a disaster.
    Monetize the tourists and be glad most of them don't stay.
    Building conversion is a BRILLIANT solution because those old industrial structures would be obsolete even if there were industries needing space. They're not suited to modern manufacturing but because so many were superbly constructed they are ripe for residential conversions. Late 1800s/early 1900s industrial buildings are designed for much heavier working loads than residential structures while being architecturally interesting. They're an asset properly redeveloped as is now common in the Southeast which was the last refuge (due to cheap labor) of the US garment industry. Those successful reuses offer examples worth study.

    • @Livetheseacoast
      @Livetheseacoast  ปีที่แล้ว

      Thank you for your comment and insight!

  • @toddboothbee1361
    @toddboothbee1361 ปีที่แล้ว

    @EpicDrew15 same here. Trying to buy even a shack there.

  • @LeighSGetchellGatto
    @LeighSGetchellGatto ปีที่แล้ว

    That’s a easy question because it’s way to expensive and dramatic and people pass away and some ferry services don’t have space to get large stuff onto the boat and I’m from Maine

    • @Livetheseacoast
      @Livetheseacoast  ปีที่แล้ว

      The cost of living is definitely a contributor. Thank you for your comment!

    • @LeighSGetchellGatto
      @LeighSGetchellGatto ปีที่แล้ว

      @@Livetheseacoast my mom lives on Vinalhaven Maine island and my dad lives in Bangor Maine and I’ve been all over Maine and live in Maine my whole entire life and I know alot more then anyone ever knew about