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.

Saturday, November 1, 2008

Realtors, Builders Give Big to Kenn Gardner

From today's Raleigh News & Observer:

Realtors, builders spend heavily to back Gardner

An undisclosed amount spent on attack ads by the N.C. Homeowners Alliance, a group created by the N.C. Association of Realtors.

In addition to the ads against [Stan] Norwalk, Realtors and others tied to development stepped up to support [Kenn] Gardner's campaign. Of the $21,261 in receipts reported since July 1, about 71 percent came from Realtors, builders and others involved with construction.
Gardner also got $8,000 from the N.C. Realtors Political Action Committee and the PAC of the N.C. Home Builders Association. Gardner did not respond to a message seeking comment.

Norwalk said Friday he has no hope of keeping pace with what the Realtors are spending to attack him. Disclosure reports filed with the state Board of Elections show that the Homeowners Alliance has received at least $880,457 from the Realtors association.

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