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, March 6, 2009

Gimme Gimme Gimme

In a letter last month to the Raleigh News & Observer, Julie Woodson of the NC Association of Realtors comes with Lexus cupholder in hand for a government handout of $15,000 per home sale which, by strange coincidence, is also the amount of a 6.0% commission on an average home price of $250,000.

NC Realtors have spent millions to stop a 0.4% transfer tax which would help local governments deal with growth by providing communities with services that add real value to real property, not the Ponzi style value of the housing bubble that got us into this economic mess.

It takes some nerve to ask for 15 times more than you’re willing to concede. If NC Realtors want government assistance and for "all parties to work together" they might stop wasting their members’ money attacking government in the first place.

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