Source:


Deaton Investment Real Estate & The Wake County Apartment Association



Thursday, July 31, 2008

Feedback on the PROP

I decided the time was right to get something out about the PROP to the local newspaper. While they have covered the issue, I don't feel the impact of the PROP has really been examined. Furthermore, it's origin seems surreptitiously derived, at least in the eyes of the general public. For those who cared to poke around, those who engineered the PROP into existence were no more covert than a dump truck driving through a nitroglycerin factory. "We want student rentals out of our neighborhood!" was their battle cry. But I don't think anyone expected the city to supply such a comprehensive war strategy. Even though I argue their efficacy, they did what their neighbors wanted. To heck with the apartment owners.

Have a read.

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