Chatham adds six months to development moratorium

[Bill Russell]

You need to go back to playing basketball Mr. Russel.
To say "we have seen very little fall off..." in the high end places like Chapel Ridge, Legacy, etc. shows just how out of touch your are with this subject. 

Beachbumb,
 Point well taken. I am aware of the immediate situation, but the writing was clearly on the wall 2 years ago and it was not heeded. Your remarks about the mechanics of a free market economy might be at variance with the well-known 90/10 rule. Only 10% of anyone speculating in any high-risk market actually succeed. I doubt that a true free market scenario would have been able to discount those builders who continued to heavily overleverage themselves despite no forthcoming miracle or anticipated near term recovery.

 BTW, I am not looking for a fight, but why are you so eager to go on the attack? Aren't we having a civil discussion here?

[peacefulcapitalist]

No free market economy, where the market supply and demand run naturally, would have or could have produced the over saturated situation we now have for "high end" lots and housing.  It was the fear of loosing entitlements brought on by the anti-growth advocates that created a false sense of shortage and "get in while you can" attitude that created the run on land for development and the "Bunkey" syndrome which leads us to where we are.  So we are all to blame.

So in a neat trick of mental gymnastics, you're blaming the situation that Bunkey caused (probably with your help and support) and that developers tried to cash in on,  on the people who tried to prevent it in the first place, and then fix it.

Only people in your immediate crowd will buy that.  Whatever you have to tell yourself to absolve yourself of the situation you and your cronies helped cause, I guess.

[belle]

No free market economy, where the market supply and demand run naturally, would have or could have produced the over saturated situation we now have for "high end" lots and housing.  It was the fear of loosing entitlements brought on by the anti-growth advocates that created a false sense of shortage and "get in while you can" attitude that created the run on land for development and the "Bunkey" syndrome which leads us to where we are.  So we are all to blame.

So in a neat trick of mental gymnastics, you're blaming the situation that Bunkey caused (probably with your help and support) and that developers tried to cash in on,  on the people who tried to prevent it in the first place, and then fix it.

Only people in your immediate crowd will buy that.  Whatever you have to tell yourself to absolve yourself of the situation you and your cronies helped cause, I guess.

it's like, we were greedy, and they tried to keep us from the trough, because the feed was not ready. so we stampeeded, we had to! they made us! the feed was not ready, but we wanted to be first!

now the grain is no more. never was there after all. it was their fault for getting us in the corrall!

[ncbeachbumb]

Remember the I-Phone and Cabbage Patch Dolls.  Remember all those people waiting in line, overnight even or for days, just to get their hands on one.  Or paying higher than market prices to get one off of e-bay.  Same sort of market reaction here, only we're dealing with land that may double or triple in value.

Unlike phones and dolls, they don't make more land.  Add restrictive ordinances and such and you have even more of a run to get in before the price increase or it runs out.

So, yeah, I think the anti-growthers were unwilling participants in the great Chatham land rush.

[NC YIPPIE]

So if that's the case, you should be thanking the tree-huggers like me for encouraging development instead of always whining like a schoolgirl about the injustice of it all. Well, if only they did this and this was unfair and Randy and Jeffrey are so mean, and wah, wah, wah. So all the big bad developers and a billion dollar mega-development company from California were afraid of a few hippies? That's really funny.

We have a bunch of approved "high end" lots with no houses and no buyers because 'some people' who like to think they are so smart built far too many houses and did not understand what the people who actually live here were telling them about the market. Planning for our future by creating a blueprint for success is hardly the equivalent of shutting the gates. The sky is not falling, tourism is booming in Chatham and will continue to create tax dollars and new jobs. Come on in off the ledge.

[randy]

Rock on peacefulcapitalist

[curlygirl]

Where's the knuckle knock emoticon? I'd put it here going out to you, NCYip

[ncbeachbumb]

What is ironic is that all the while Curly and Larry, I mean Yippie, are saying "there's nothing to see here folks, just look the other way", his band of left wing "hippies, etc." elected our current BOC.  And all the things people said would happen have happened.  So those worries were in fact justified now weren't they.

[Linda Felt]

When the facts don't support your argument, just cry "hippies", "left-wing" or "Orange County".

[randy]

I thought all the tree huggers fled to Orange County

[NC YIPPIE]

Actually, no they weren't. What's really ironic though, is that you have just pointed out that this market is flooded with too many homes, but you're against a residential building moratorium. The unemployment rate in Chatham has gone down in the past few years, and we have added over 100 tourism related jobs. Carolina Brewery is rocking and there's three or four brand new businesses downtown.

Since most businesses still rely on transportation, having a traffic flow plan and improvements already in place as well as an overall planning structure to our commercial areas makes a lot of sense. With better traffic conditions they will be able to do business with more people and give them better service. Building in areas that already have a traffic light and parking would also be cheaper, so their opportunity cost would be lower. Nobody said look the other way, what I said was the developers are big boys and they can take care of themselves. Planning is a good thing. 

[Silk_Hope]

Actually, no they weren't. What's really ironic though, is that you have just pointed out that this market is flooded with too many homes, but you're against a residential building moratorium. The unemployment rate in Chatham has gone down in the past few years, and we have added over 100 tourism related jobs. Carolina Brewery is rocking and there's three or four brand new businesses downtown.

100 jobs yes. Restaurant jobs are not high paying. What about the 860 lost last month in Siler City?

[WolfpackFan]

Actually, no they weren't. What's really ironic though, is that you have just pointed out that this market is flooded with too many homes, but you're against a residential building moratorium.  

Why do you need a moratorium if the market is flooded?  Are we concerned it will become floodeder?

[VAHeel]

no, flooderered.  You need the ed on the end for it to be proper english.

[girlfrompbo]

it certainly could become more flooded. of course I guess your real point is are people going to try to build here if the market is flooded already. 

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