Zillow.com shows a one month drop of almost 1%, down 5.8% over the past 12 months
The only way you wouldn’t know that
homeowners aren’t having trouble is if you only pay attention to the Charlestown Citizens Alliance and its elected town officials. In their world – or maybe it’s just the circles they frequent – there are no struggling families, just tranquil well-to-do people. Charlestown
They are more concerned about making sure to give half a million dollars of town tax money to the Charlestown Land Trust and the Westerly YMCA than they are about middle-class tax relief. They are more concerned about lights and about upsetting the US Department of Interior by having kids playing in
after dark than they are about the disappearance of people’s home values. Ninigret Park
But in the real world where the rest of us live, money is tight, the economy is scary and our homeowner equity has been boiling away. According to Zillow.com, the average
home price has declined to $302,900, down almost 25% from our peak average of almost $400,000 in November 2007. Charlestown
|If you're trying to sell your house, here is your competition|
There are 345
residential, two-bedroom or more properties listed for sale in the “affordable” range (less than $225,000). Nearly all of them are condos or trailer homes. Charlestown
However, it is hard for people who need affordable housing to actually buy these homes because of the tight mortgage market. So despite the availability of some homes for as little as $50,000, buyers can’t put the money together to buy.
Sellers are competing with bank-owned properties. Realtytrac.com listed 16 bank-owned properties in
and another five that may be coming up for auction. Charlestown
There are still NO RENTAL properties listed on Zillow.com at any price. In fact, there are very few year-round rentals in
despite the desperate need for them. In summer, rental units go to our influx of vacationers and tourists. But if you can’t finance a home purchase but want to live in Charlestown , you’re out of luck. Charlestown
If the CCA had its way, it would abolish the state’s affordable housing law, as they attempted to do last year through the Platner-Gentz Affordable Housing Deconstruction Act.
The CCA, through its elected town officials (Town Council Boss Gentz, Council Vice-President Deputy Dan Slattery and Planning Commissar Ruth Platner) fight to block any housing that might attract children. Indeed, the CCA has all but openly declared war on families with children and have effectively put anti-child policies into place in
The gap between
’s South of One elite and its North of One working families keeps growing. And to a great extent, these changes are driven by Charlestown ’s anti-family, regressive housing policies. Charlestown
But we need more affordable rental property in town. And we need more affordable housing that qualifies for buyer assistance. Just because the price of housing has been beaten down by the market doesn’t make it affordable if you can’t get a mortgage.
And we need tax relief for beleaguered middle-class homeowners who are struggling to hang on. Rather than say they are “the victims of poor choices,” as Deputy Dan Slattery has said, we need to come back to the idea proposed by Charlestown Democrats for a Homestead Tax Credit for town residents.
If we do nothing, nothing will get better.