NC Hometicks want Legislature to subsidize new developments

Forget about all those empty houses, let's build more!

House Bill 485 would allow North Carolinians to take a tax credit of up to $2,000 a year for five years if they buy a brand new house in the coming fiscal year. Republican sponsors of the bill and members of the home building industry said it would create thousands of jobs and stimulate a sluggish market.

It might stimulate new home sales, but that's only part of the market. There are tens of thousands of empty foreclosed properties on the market, dragging down the values of other homes in nearly every neighborhood in this state. This bill would make that much worse.

Comments

Just in time

for Tillis' new BFF to strut his stuff. Fucking idiots.

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“Don't tell me what you value, show me your budget, and I'll tell you what you value.”
― Joe Biden

Lessons not learned

It's this same "rush to build" that got us into the mess we're in now. For the General Assembly to even contemplate cutting into already sparse revenues to build more ghost towns is so far off the "irresponsibility" chart it's breathtaking.

And that doesn't even address the issue of exacerbating our already unmanageable stormwater runoff problem.

The Ticks

NCAR here

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“Don't tell me what you value, show me your budget, and I'll tell you what you value.”
― Joe Biden