The UPoR runs a Bloomberg story that kind of misses the point on the Charlotte housing market. The headline is “Home prices rise 4.3 percent in Charlotte over the year.” That sounds really impressive until you read the actual article:
The 5.5 percent increase in the S&P/Case-Shiller index of property values was the biggest year-over-year gain since August 2014 and followed a 5.1 percent advance in the previous month, the group said in a report Tuesday.
The median estimate of economists surveyed by Bloomberg called for a 5.2 percent increase. Nationally, prices rose 4.9 percent. In Charlotte, prices rose 4.3 percent.
If you look at the actual press release, you’ll see that Charlotte ranks 16th in home price appreciation of the 20 cities covered by the Case-Shiller study. Be nice if the UPoR did a follow-up story examining why the Charlotte housing market has lagged behind San Francisco, Denver, Portland, Dallas, Seattle, Miami, San Diego, Los Angeles, Tampa, Atlanta, Las Vegas, Detroit (!), Phoenix, and Boston over the past year.
My latest article for Carolina Journal. And yes, this decision could also have an impact on future legislation over the control of Charlotte Douglas International Airport:
RALEIGH — The city of Asheville and customers living outside the city who rely on Asheville for their drinking water long have had a contentious relationship. The issue was again before the state’s second highest court in October, this time over whether a law passed in 2013 taking control of the water system away from Asheville could pass muster under the state’s constitution.
Though Asheville currently operates a water system, it does not provide sewer services. That instead is the responsibility of the Metropolitan Sewerage District of Buncombe County. In 2013, the General Assembly passed a local bill shifting control of the water authority from the city to MSD.
The city sued to block the transfer, and in June 2014, Superior Court Judge Howard Manning held that the statute violated three provisions of the state constitution:
• It is a “local law” relating to “health,” “sanitation,” and “non-navigable streams,” in violation of Article II, Section 24.
• It constitutes an unlawful taking of Asheville’s property without just compensation in violation of Article I, Sections 19 and 35.
• It violates Asheville’s rights under the “law of the land” clause found in Article I, Section 19.
The state appealed Manning’s ruling, which a three-judge panel of the N.C. Court of Appeals overturned.
“We disagree and hold that the Transfer Provision does not violate these constitutional provisions,” wrote Judge Chris Dillon for a unanimous appeals court.
Under North Carolina law, localities are creations of the state, and the General Assembly retains the authority to regulate towns and counties except to the degree that it conflicts with the state or federal constitutions.
Since 1917, the N.C. Constitution has prohibited the General Assembly from enacting so-called “local” laws that touch on any of 14 subjects, including laws “relating to health [or] sanitation” and laws “relating to non-navigable streams.” Asheville contended that the transfer, because it was in a local bill and related to both those topics, was invalid.
The Court of Appeals came to a different conclusion. “[I]n the present case, we need not reach whether the Transfer Provision constitutes a ‘local law,” wrote Dillon.
“Rather, we hold that it is not plain and clear and beyond reasonable doubt that the Transfer Provision falls within the ambit of either prohibited subject identified by the trial court.” (Emphasis in decision.)
Dillon noted that litigation over Asheville’s water system had established that “the mere implication of water or a water system in a legislative enactment does not necessitate a conclusion that it relates to health and sanitation in violation of the Constitution.”
Examining the new law’s stated purpose and text, the appeals court found that the law appeared to prioritize concerns about governance and the quality of services rendered over health and sanitation issues. Nor did the law “fall within the ambit of the phrase ‘relating to non-navigable streams.’”
The city also claimed that the transfer violated the “law of the land” clause of the N.C. Constitution, in that there was no “rational basis” to treat Asheville differently from other municipalities that operate water systems and that there was no “rational basis” to transfer the water system from the city to the MSD.
The appeals court disagreed.
“Asheville contends, and the trial court agreed, that the General Assembly had no ‘rational’ basis for singling out Asheville in the Transfer Provision,” wrote Dillon.
“Assuming that the Transfer Provision has this effect, we believe that the fact that the General Assembly irrationally singles out one municipality in legislation merely means that the legislation is a ‘local’ law; it does not render the legislation unconstitutional, per se.”
The city also claimed that it was entitled to compensation from the state for the value of the water system. The Court of Appeals again disagreed, noting that in the 1923 case Trenton v. New Jersey, the U.S. Supreme Court held that compensation in such circumstances was not necessary. The appeals court also noted that cases from the Minnesota and Pennsylvania supreme courts had reached the same conclusion.
The case is City of Asheville v State of North Carolina, (14-1255).
Care of Joe Giglio of the Raleigh News & Observer, is available here. Let’s say thinks are still not well sorted:
N.C. State could play in the Belk Bowl in Charlotte … or the Pinstripe Bowl in New York … or the Gator Bowl in Jacksonville, Fla. … or the Military Bowl in Annapolis, Md. … or the Independence Bowl in Shreveport, La.
Seems that Virginia Tech, with longtime coach Frank Beamer in his last game, is at the top of the Belk Bowl’s want list. The caveats: Virginia Tech has to become bowl eligible by beating Virginia this weekend and some other things have to happen.
The Panthers game at New Orleans a week from Sunday, December 6th has been moved from a 1:00pm start time to a 4:25pm start. Plan your TV viewing accordingly.
Bonus thought: Be interesting to see if game time for any of the other remaining Panthers games get moved. Carolina plays Atlanta on December 13 (home) and 27 (away) and is at the New York Giants on December 20th, all of which are — for now — 1:00pm starts.
As the Winston-Salem Journal explains, they commission exclusive covers of popular comics.
Great question, and How Stuff Works provides the answer:
Has there ever been an idea in Charlotte that got this much attention that ended up with so little support?
Study: Year-round school calendars could hurt home prices — based on data from Wake County.
The NHL commissioner says that the Carolina Hurricanes in Raleigh to stay:
“I don’t think anyone needs to worry about the future of the franchise in Carolina,” Bettman said in an interview. “[Owner] Peter [Karmanos Jr] is exploring his options, but there is no rush, no pressure, no timetable. I am certain if he sells the franchise, he will continue the legacy of having the franchise in what has been a strong market and keep it where it is.
“People should not be concerned about something fueled by media in other locations. Everything Peter is doing is being done to ensure the long-term future of hockey in the Triangle. That’s where the league believes it should be and where it will be.”
Bettman quickly added, “Is that a strong enough statement?”
Actually not, exactly because it’s never a good sign in business or government when someone has to deny a rumor. It usually means that a problem has gotten so obvious that it can no longer be ignored. And in the case of the Hurricanes, the problem is attracting fans — the team has the worse attendance this year in the NHL. And it’s for sale, and has been for awhile, with other markets where people actually care about hockey interested in obtaining a team. So, yes, hockey fans in the Triangle — and Charlotte —
should be very worried, despite Bettman’s comments.