Is it time for a moritorium on Building in Fayette county?

I would love to hear peoples thought on this.

Troup county did it a year ago and had wonderful results.

I think we owe it to the taxpayers trying to sell their houses. At this point, any new construction is going to dilute prices even more.

I think it would be a 'thank you' to the taxpayers.

Maybe no new subdivisons for 6 months?

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Submitted by CitizenBlogger on Thu, 03/06/2008 - 7:24pm.

No building = No jobs for people in the construction industry = More foreclosures = Economic Decline = Dead Community

Is this really your idea of a good plan?

mudcat's picture
Submitted by mudcat on Tue, 03/04/2008 - 8:30pm.

The moratorium is called the economy. The overbuilding and excessive profit-taking has caught up with everyone. The evil rich developers that everyone loves to hate are taking it on the chin big time. Of course the builders who have been making 100k profit on each house are safe and set for life. Builders who couldn't get enough money in the good years (aka greed) now have houses going back to the bank. Best estimate for Fayette is 1500 foreclosed homes in 2008. About 1/3 of those - 500 - will be new homes and they will be sold for 100 to 150k under their current asking price.

Subdivisions between PTC and Fayetteville are being foreclosed and those lots will be available for 1/2 price - although no one is buying.

No one will need to develop any lots around here for at least 3 years.

So there's your moratorium. Like it?

Oh, by the way, because of the foreclosures - which they use as comparable sales which sets values on resale homes - resales are now down almost 10% on their way to 15%. Happy with your moratorium, bear?

Submitted by oldbeachbear on Tue, 03/04/2008 - 10:05pm.

we have let the builders/developers/ run wild and now we have innocent people in the water. You sound like you feel sorry for the developers and hate the builders and taxpayers. The builders wouldn't have such a large playground without the developers to open the didn't make yours trying? I'm not sorry. You feel you got left out? you led the parade...get in line behind the taxpayers...They paid their way.

Submitted by skyspy on Tue, 03/04/2008 - 9:14am.

It is definitly time for a temporary emergency building moritorium.

Since we don't have enough water for the people already here, we don't need to build anymore cluster homes.

The investment the average citizen here has in their homes is as important or even more important than any developers investment.

It is a double standard to tell people they can't water plants, but let them keep filling swimming pools. It is a double standard to tell people to conserve water, and then turn around build more cluster homes to stuff thousands of more people into an area that has a water shortage.

Submitted by oldbeachbear on Tue, 03/04/2008 - 10:09am.

Years ago, a real estate class instructor said the thing that would limit growth around Atlanta was WATER! Some found it hard to believe but he was so right. I can't see any reason to keep packing us in like sardines to make some developer happy and rich and leave us holding the bag for it.

This just has to stop. We need to help our homeowners out and keep the lemming developers from running off the cliff and taking everyone else with them.

yardman5508's picture
Submitted by yardman5508 on Tue, 03/04/2008 - 10:30am.

if only it would be so. But the other side argues that it is about property rights. If someone owns a property, then they have a right to do what they want with that property. If a developer comes along and purchases a tract of land, it is theirs to do with as they wish. Don't bother us with details, such as...what? 1/4, 1/3, 1/2 the stores across the street are already vacant? Go ahead and build more...or...go ahead and build that drug store right next to that other drug store. The developer knows that it is up to the market to regulate this, not "the people" {government}. Keep the faith.

Democracy is not a spectator sport.

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Submitted by Cyclist on Tue, 03/04/2008 - 11:11am.

Perhaps the slow down of the economy is a "good" thing for this exercise.

But the other side argues that it is about property rights

With talk like that, it sounds like you're close to the political "center". Perhaps even close to the dreaded "Independent" label. Shocked
Caution - The Surgeon General has determined that constant blogging is an addiction that can cause a sedentary life style.

Submitted by skyspy on Tue, 03/04/2008 - 10:46am.

It is about property rights. I should have the right maintain the landscape on my property.

It is hard to take cries of "water shortage" seriously when we are still builing cluster homes. If the water shortage gets bad enough I have enough property surrounding my home to drill a well. I don't think the cluster home people will be able to do that. Hopefully buying water off of a truck won't be too expensive for them.

Yes, we do have many vacant stores in PTC. Developers keep building more to use as a tax write-off. Most developers don't live here so they don't have to live with the urban blight.

yardman5508's picture
Submitted by yardman5508 on Tue, 03/04/2008 - 10:51am.

now, how do we make sure, if the developers want to come in and build to their discretion, that we are able to counter them and get them to back off? Keep the faith.

Democracy is not a spectator sport.

Submitted by skyspy on Tue, 03/04/2008 - 11:24am.

First of all everything comes and goes in cycles. Both economically and ecologically. That is why I said we need a temporary emergency moritorium. The economy will turn around, and so will the drought. It is just a matter of when.

I don't think we can get the developers to back off without a temporary moritorium. This is perfect place for them to create a tax write-off.

Submitted by oldbeachbear on Tue, 03/04/2008 - 11:44am.

I have a lot more feelings for the taxpayer/homeowner than I do a developer. The homeowner has sat here for years and paid taxes to support the system. The developer comes in with no other interest than to make money and get out.

We ...CAN... put a moratorium on I said, Troup county did it. This is why we have planning committees and Town councils and Fayette county commissioners. I sat there one night and heard Greg Dunn turn down a developer flat. No apologies, I got the impression he felt the developer should apologise for such a ludicrous suggestion. He said it wasn't in keeping with what Fayette county wanted. No 1 acre lots in unincorporated Fayette and he wasn't about to start it. That other people had bought their 3/5 acres to put up a house and so could this one.

slider's picture
Submitted by slider on Tue, 03/04/2008 - 12:15pm.

So, you think stopping development is the answer?
Do you live in a subdivision? Why was it ok to build the subdivision you live in but its not ok to keep building them?
If I own(and pay taxes on) property and have for years, is it your, or the governments right to tell me I cant get the best use from said property?
If I am a developer and have just spent hundreds of thousands of dollars to obtain land and put in utilities. Is it ok to bankrupt me by telling me I cant build homes on my land?
No, It is our county commisioners job to hold steady on the land use plan already established to keep quality of life what it is, and it is your job to vote them out if they do not do so.

Submitted by oldbeachbear on Tue, 03/04/2008 - 12:34pm.

WHEREAS, unincorporated Troup County is experiencing unprecedented and widespread residential development and growth throughout the County; and, Troup County is in the process of developing and/or amending its comprehensive zoning ordinance and subdivision regulations, standards and requirements with its continuing development of its land use maps and comprehensive land use plan and its development of a Long range strategy for handling residential growth and development; Traup County finds that the ordered regulation of land use and residential development by and through Ehe zoning, re-zoning and subdivision of property is necessary to protect public health, safety, welfare and property values of the citizens of Troup County.

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