Category: Real Estate

Property Tax Rebellion Brewing in NC

By Katie Zehnder RALEIGH – North Carolinians are feeling the weight of rising property taxes, and lawmakers at the General Assembly are already discussing a levy limit in committee meetings as the ‘short session’ gets underway. During a March 18 meeting of the House Select…

Continue Reading

Officials Rely on Property Tax to Close Gap

By Paul Slobodian Editor’s note: Mr. Slobodian is a Pamlico County resident who closely monitors the fiscal condition of local government. Over the past five budget cycles, Pamlico County has quietly undergone one of the most significant fiscal expansions in its recent history. What began…

Continue Reading

Own a Rental House? Insurance Industry wants a ‘dwelling’ rate increase of 68 percent!

RALEIGH – In North Carolina, so-called ‘dwelling’ insurance policies are not homeowners’ insurance policies. Dwelling policies are offered to non-owner-occupied residences of no more than four units, including rental properties, investment properties and other properties that are not occupied full time by the property owner….

Continue Reading

This is Why Your Rent is So High | Big Landlords Collude to Jack Up Rates

News Analysis Editor’s note: This article uses the term ‘algorithm’ which, in its simplest form, is a set of instructions designed to accomplish a task. In recent years, a property management software company, known as RealPage, has developed an algorithm – used by big landlords…

Continue Reading

Letter Describes ‘Uncontrolled Chaos’ at Oriental Town Meeting

Mr. Martin Spratt, the developer who submitted a rezoning request for an executive RV Park in Oriental, sent the following letter dated (April 12) to the Oriental Town Mayor and Commissioners. Normally these types of letters discussing town matters would be read by the Mayor…

Continue Reading

Developers pitch two separate projects for Grantsboro

Away from flood-plain. Resiliency monies spur apartments for the ‘rent-burdened’ GRANTSBORO – A whopping 47 percent of folks in Pamlico County are defined as rent-burdened, which means the roof over their heads costs them more than 30 percent of household income.  Monday night, Beth Bucksot,…

Continue Reading

Developer backs away from Union Point Park in New Bern

The Kessler Group and the City of New Bern issued joint statements Tuesday morning on the proposed development of a portion of Union Point Park. Concerns, questions, and complaints began pouring in on social media and through texts, emails and phone calls after last week’s…

Continue Reading