2) Buyers could be offered an opportunity to put their home in restriction upon deed transfer should they desire.
3) All of the people who have homes built prior to 1930 (who would like to) could put a deed restriction stating that their home can never be sold to a developer who plans to tear it down. (However, a developer could buy a home and renovate it if they desire.)
The bottom line is that there are just too many ramifications to be a Yes or a No. The volunteering approach will allow the community to understand the potential impacts of the restrictions:
a) Prospective homeowners could walk away from restricted homes when they come up for sale
b) They could pay more for a deed-restricted home
c) and they could be delayed in getting approvals for renovations
d) The costs to the homeowner could be significant.
These potential impacts will take a while to figure out and should be figured out before jumping in head first and possibly regretting it later.
This does not have to be an all or nothing, win or lose, us vs. them situation. We can and should try to keep everyone happy in the community.
Volunteering is a viable solution. However, for now, we urge the City Council to vote No on the LHD proposal.
Karen Hodge and Patrice Lamy live in Newburyport.