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.

Friday, November 2, 2007

Outside Influence

Charlotte Observer editorial this morning:
Transfer tax campaign: Will torrent of outside money obscure local interests?

In most counties, those state associations are providing the majority of the money for the anti-tax campaign, with local Realtor and homebuilding groups supplying the rest.
...transfer tax would hold down, if not prevent, increases in the property tax. Outside interests don't have to weigh those alternatives.
...if the transfer tax is defeated, don't expect them to be worrying about how local governments will fund local needs.

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