This site is about the overreaching political power of the NC Association of Realtors flush with money from cashing in your equity 6% at a time, leaving you to pay for growth with property taxes, year after year, with or without cash flow. In the last few years NCAR has pumped millions of dollars into NC political campaigns at the state and local level. They have spent millions more to defeat Local Options for Local Governments with misleading ads.

Wednesday, October 24, 2007

Some Real Estate Brokers Support Transfer Tax

From a Winston-Salem Journal article:

Connie Kowalske, a real-estate agent for Howard Realty and the treasurer of the Davie County Coalition Against a New Home Tax. “We’re the only (sic) organized group that can speak for homeowners. As Realtors, we have pledged to protect private property rights.”

But not all real-estate agents are against the tax. Neal Foster, the owner of the real-estate firm Neal Foster & Associates Inc., said that Davie doesn’t have enough commercial growth to support the needs of the community. He is also a member of the group Davie Alliance, which formed this year to work on local issues.

“The land-transfer tax and the sales-tax are an alternative to take the burden off the landowners and property owners,” he said.

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