The Dow loses 300 points (2 percent of its value) in a day amid concerns about sliding home sales. A perfect time for the General Assembly to invite counties to impose transfer taxes — one of the compromises struck in this biennial budget deal. Thanks to our legislators, there are more cuts to bleed us from. Now, the housing market is still good in Wake County, for example, but it may not be for long. Nevertheless, I’d bet the equity in my home that Wake County residents will be stripped of a portion of their home equity very soon.
The leeches are also making "temporary" taxes permanent. Were they ever temporary to begin with? How these people keep getting elected is beyond me. North Carolina voters are either sheep, or asleep. -Max Borders
“If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.”
Thomas Jefferson
The timing is horrendous. Foreclosures are at a record high and the subprime lending fiasco has closed the door to homeownership for thousands of NC citizens. This is a lousy idea cooked up by elitist liberals inside the Triangle who rent (instead of own property) or want to pull up the drawbridge on anyone else seeking to move here.