torifile | Indy Week

torifile 
Member since Apr 26, 2017


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Re: “Durham Wants to Help Homeowners Whose Tax Bills Have Gone Up Because of Revitalization. But Should They Have to Pay the City Back If They Move?

Not ideal but it's a start. My concern with this plan is that it in many ways forces people to move within 4 years to pay back the loan and that just delays the process and kicks the problem down the road. Durham is great for its diversity, ethnically and socioeconomically.

This plan does nothing to solve that particular problem.

This plan also assumes that property values will continue to increase and we won't see a crash. While we all hope this doesn't happen, banking on it is unwise, especially in areas where property values are increasing so rapidly that people need the assistance.

3 likes, 1 dislike
Posted by torifile on 04/26/2017 at 2:39 PM

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