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.

Thursday, August 28, 2008

Clay County Overdrive

The North Carolina Association of Realtors (NCAR) has poured more money into the committee set up by NCAR to defeat the Clay County transfer tax referendum than previously reported. According to the Asheville Citizen Times:

Through Aug. 8, the committee organizing the campaign received $10,000 from the N.C. Home Builders Association and more than $32,500 from the Realtors group, which also loaned the committee $15,000.
Of that $57,500 about $36,200 had been spent by August 8th, or $4.38 per registered voter, a record high. If the amount invested in the committee by NCAR is spent it will come to about $5.72 per registered voter. If the total amount invested in the committee is spent it will come to about $6.93 per registered voter. There are about 8,300 registered voters in Clay County. There are almost 6 million registered voters in North Carolina. Do the math. $10 million won't be enough money to make the transfer tax go away. NCAR will be squeezing its members for years to come.

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