Kinston Pushes Home Ownership

The mayor's committee on home ownership in Kinston has released a home ownership resource guide to point people interested in buying a house in the right direction.

Kinston Mayor BJ Murphy says he started the committee in January because the percentage of renters, as compared to home owners, rose from 48 percent in 2000 to 55 percent in 2008.

Murphy says the guide puts people in touch with a variety of non-profit agencies designed to help people get homes and says the agencies can help people develop and stick to budgets, and learn more about things like interest rates.

Murphy says the guides are free and available at city hall.

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  • by OutsideLookingIn Location: ENC on Jul 27, 2010 at 01:26 PM
    Renter's Tax is already a reality in many states.
  • by Raider on Jul 27, 2010 at 08:37 AM
    The Mayor's job is to hand out keys to the city, make today Mickey Mouse day in the city of Kinston, or be somewhere for a ground breaking/ribbon cutting ceremony. It maybe SOMEONES job to encourage people into home ownership, but it’s not the job of an elected official such as the Mayor. There is no reason for him to be the Barney Frank of Kinston. Besides, if they want to protect his tax base, then the City Manager should suggest doing like the state and federal governments and create tax, say a renter’s tax, that is higher then the city’s property tax to encourage people to look into ownership. They can tax everyone over the age of say 15 that lives in each rented dwelling (because you can work a least a part-time job at this age). I’m sure some liberal on the committee has already thought of this as an alternative method of protecting the city’s revenue. Please know that me suggesting a renter's tax is as dumb an idea as the Mayor encouraging home ownership.
  • by Jim Location: Grifton on Jul 27, 2010 at 08:19 AM
    Get with it Mayor. Renting is the new American dream; it was so stated in the Wall Street Journal a while back. Very few thinking persons with enough money for a downpayment would consider buying in Kinston or Lenoir County anyway. Mayor, go over to Sugar Hill and cut a ribbon or something.
  • by Jim Location: SC on Jul 27, 2010 at 05:23 AM
    Isn't this the same type of thing that Carter did back in the 70's by giving birth to Fannie and Freddie? And then Clinton perpetuated it by letting Fannie & Freddie loan up to 110% of the appraised value of the house anticipating continued meteoric rises in property values? Let's not forget what happened year before last when the world suddenly realized real estste was way overpriced. I hope this little tax collecting ploy doesn't hurt someone.
  • by Mayor Doing His Job Location: Greenville on Jul 26, 2010 at 10:09 PM
    This mayor is doing his job which is to protect his tax base. Renters don't pay taxes and empty new homes don't stimulate his local economy.
  • by Anonymous on Jul 26, 2010 at 06:51 PM
    What's so bad about renting? Home ownership isn't for everyone. That's the kind of thinking that got us into this economic mess in the first place. Besides, having a 30-year mortgage means you're basically renting from the bank anyway AND you have to mow your own grass, pay to fix your own stuff, and, should the market crash and your home loses value, you're stuck with higher payments than what it's worth. If you can't pay for it in 10 or 15 years on a fixed rate with 20% down, do yourself a favor and stick with renting.
  • by Citizen Location: Greenville on Jul 26, 2010 at 06:39 PM
    Great, Kinston can have its own little housing bubble. Some people aren't ready for home ownership, and this seems like it's a recipe for disaster imo.

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