Comment and analysis on all things Charlotte

The Beginning of the End of CLT’s Livability

All in the name of socialism.

Make no mistake, one neighborhood in South Charlotte will be pitted against another neighborhood in South Charlotte as now the city of Charlotte must abide by its new “affordable housing” regs. Those rules adopted last night put a bulls-eye on the “stable” neighborhoods of South Charlotte. The politically weak and unorganized neighborhoods will wind up with the low-income housing next door.

As if local housing values are not under enough pressure as it is.

Update: More good housing news via Bloomberg:

Real-estate-tax collections, a main source of income for cities, slid $5.3 billion, or 2.9 percent, from a year earlier to $177.1 billion, the Census Bureau reported today. The drop exceeded a 2.5 percent decline in the first quarter of 2010, the data show.

We are so screwed.

kk

6 Responses to “The Beginning of the End of CLT’s Livability”

  • Mar
    29
    2011

    The homes in my Derita zip (nearly 30y old neighborhood, stable but not affluent) are beginning to look tired. Yards are getting to be in disrepair and the quality of neighbor moving in is less than desirable.

    I keep wanting to just flee across the county border, but fleeing the state is looking better and better.

    Charlotte is on the Birmingham glide path. I’m not quite ready for Detroit on the Catawba.

    Let’s give taxing authority to the school board to just speed up the destruction.

  • Mar
    29
    2011

    What’s the difference between appeasing to the eye and appealing to the eye?

    “It has to be quality style type development,” Cannon said. “Something that’s appeasing to eye and can work in any portion of the city of Charlotte.”

  • Mar
    29
    2011

    Not to mention that Obama name-checked Charlotte last night. I’m sure that put a tingle up the leg of DNC folks. The bad news (for us) is that he’s got the reverse Midas touch.

    Bringing this back on topic, wonder if we’ll ever know which caused more damage to home prices here: City Council or the President?

  • Mar
    29
    2011

    Try the banks — Countrywide-Golden West funny money Ponzi schemes actually DEPRESS the value of real assets long-term. As we are finding out.

  • Mar
    29
    2011

    >> Not to mention that Obama name-checked Charlotte last night.

    Let me guess: “The Benghazi of the Bible Belt”?

  • Mar
    29
    2011

    Proud of you Jeff… next thing you know you’ll be organizing a “Free Bernard von Nothaus” rally.

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