Cary NIMBYs & Habitat for Humanity Plans (Raleigh, Apex: apartment, new house)
Raleigh, Durham, Chapel Hill, CaryThe Triangle Area
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I get that affordable housing is a problem, but that doesn't mean you get to live wherever you want. There are plenty of affordable places in other parts of the Triangle.
I get that affordable housing is a problem, but that doesn't mean you get to live wherever you want. There are plenty of affordable places in other parts of the Triangle.
One of the more out of touch quotes that I've seen on here. Granted, I've said some myself
For the realtors out here, what are things that do hurt property value? Anytime anything changes in a neighborhood, people always use the term "oh it's going to hurt my property value" as an excuse to combat it. What reasons are valid and what maybe aren't so much?
For the realtors out here, what are things that do hurt property value? Anytime anything changes in a neighborhood, people always use the term "oh it's going to hurt my property value" as an excuse to combat it. What reasons are valid and what maybe aren't so much?
That is an interesting question. If you live on a street with some homes that are valued at much lower than your own, for homes with similar square footage, number of beds/baths, etc... does it not have an effect?
I'm just curious. My own neighborhood is fairly homogeneous and it's not an issue, but I really do not know how this affects mixed areas.
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That is an interesting question. If you live on a street with some homes that are valued at much lower than your own, for homes with similar square footage, number of beds/baths, etc... does it not have an effect?
I'm just curious. My own neighborhood is fairly homogeneous and it's not an issue, but I really do not know how this affects mixed areas.
Think about those, insanely valued regular homes and neighborhoods in the Silicon Valley area in California. You have homes that are basically tear downs and shacks going for almost a million dollars. So, if there's enough demand for the land the homes are sitting on, then individual houses can't really bring down the value of other houses in that neighborhood.
Cary is a hot enough market now, and for the conceivable future, that you could build all kinds of affordable housing, and heck, throw in some mobile homes around, and it will not significantly affect home values in the area.
Flooding will affect home value. I’m in favor of this Habitat build, but the neighborhood flooding is a real consideration. Care needs to be taken to offset the additional paved area.
and best I can tell, that's the problem. TOC had not managed the stormwater upstream properly, causing real issue downstream. SOME of the anti-Habitat crowd were more "fix the runoff" than "I don't want poor people living here."
Now, some may have fancy French names and an elitist attitude. I don't know - I wasn't there at the meetings.
If Goodnight got behind the cause, paid $20MM for 10 acres in the heart of Cary, and they put up 60 Habitat homes, the poor folks that qualified for Habitat homes could indeed live there.
Heck, if he had gone and bought the Mason Temple at Glenwood and Wade and put 12 houses for Habitat there, the Habitat folks could live there.
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I am a Habitat fan and appreciate their mission, but...…….
Habitat messed up. Their poor approach may well have cost several families an affordable home.
They over-reached significantly with their initial plan, attempting to put 23 units on 2.58 acres (112,312SF) in an R-8 (8,000SF lots) to R-12(12,000SF lots)-zoned area.
23 units was just too dense for that neighborhood, and the backlash likely cost them a better final compromise than the final agreement of 7 homes.
It is always entertaining for some to slam Cary and herein the Scottish Hills residents (although some were quoted last year saying some truly stupid things), but did anyone here actually read the disclaimers in the N&O article discussing Stacy's study?
"The study of Wake County focused solely on the 27160 ZIP code in Southeast Raleigh, the area with the highest concentration of Habitat homes in Wake County, which made it easier to study.
But because the study focused on one part of the county, the limited number of data points available for analysis might be viewed as insufficient to reach any conclusion, the study freely admits.
Due to the limited scope of the data, both Anfindsen and the realtors association refer to the study as a starting point for conversation about the impact of affordable housing, and one that might require further analysis when there are more homes to compare.
"
So, what is the point? And what is a reasonable conclusion on valuation? "Starting Point?" Does that equate to "Zestimate" in legitimacy?
Spoiler
Old joke:
One night a Man comes across a kid on a street corner walking around, staring at the ground.
Man: "What's up?"
Kid: "I dropped a dollar and I am looking for it."
Man decides to help, and starts looking too.
After a few minutes, Man says, "I don't see it. Are you sure you dropped it here?"
Kid: "Oh, I dropped it in front of that house over there in the middle of the block."
Man: "Well, why are you looking here on the corner?!"
Kid: "It's too dark down there. There's no street light."
I believe some property owners would have taken a hit on property values if 23 units were crammed in adjacent to their larger lot properties.
FWIW, Buyers tend to look at what they drive by on entering a neighborhood, or what is adjacent to their homes. If there is a great disparity in appearance, density, value and style, many will look elsewhere. While we are currently in a sellers' market, in the long term, it is nearly impossible to reduce the buyer pool and maintain values.
Last edited by MikeJaquish; 06-06-2018 at 04:29 AM..
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