I love Bazan. Nice review.
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@Eric Tullis - I think that's a great idea, I wonder what that incentive could look like. Right now the city has the second mortgage program for the Southside Development (https://durhamnc.gov/449/Buying-a-Home) but I'm not sure how many people are taking advantage of that program.
What do you think that incentive would have to look like?
@bullcitygirl - Preservation Durham is working on a project called Preservation Equity that is trying to build ties in that neighborhood and help current homeowners take advantage of historic tax credits to fix up their own homes. If you still have ties to the neighborhood it would be great if you could reach out to the director, Ben Filippo Ben@preservationdurham.org
It's crucial for PD to have the trust of the neighborhood for this project to work.
@chiburbbi I think it's the hypothesis in the preceding paragraph that, "...generation Z is moving left of center."
Great writing and reporting.
unrelated, I don't really understand why people are disliking my comments asking for data and context. Nothing qualitative posted.
@vtcaconc digging in to the data a bit more:
zip 27517 only had a 19% increase, but those homes are now worth $386,815 on average!
zip 27514 had a 20% increase, but those homes are now worth $411,013 on average!
The percent increase is only part of the story.
@vtcaconc of course no zips changed value like my example showed, I was merely trying to demonstrate that an infinitesimally small % increase wouldn't show the fact that that zip was wildly expensive to live in. Whereas following the link to the WP shows that 22701 with a 63% increase has brought the avg home price to $252,882. The US median home price is $229,737 (according to Zillow) so that 63% increase doesn't seem so outrageous.
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