I’m curious about these local “experts” [“Collision Course,” July 29, part of Xpress’ affordable housing essay series]. Has anyone been interviewed who has been royally screwed by City Council’s collectivist legislation responsible for driving rental rates sky high?
Years ago, Xpress covered the onset of my saga, regarding how the city initially forced me to kick out from my eight-bedroom, historic Victorian home of 26 years three renters in order to comply with the “no boardinghouse” rule of the UDO, without allowing for “grandfathering,” for which I was entitled. This forced me to raise my rents from $400 to $600 in order to try and make my mortgage payments.
What Xpress has not known about is that my saga continued to be dragged out until just this spring, making it about a five-year painstaking ordeal with Wells Fargo. As with so many other Americans who have been screwed by the banks as a result of the Bush-Obama “bail-outs”, I was told by [Wells Fargo] that I would have to be at least a couple months in mortgage default before it could help me with a re-financing resultant of the “bailouts.”
However, [Wells Fargo] apparently had no intention whatsoever to refinance my mortgage, and as typical, dragged out the re-fi process until it could attempt to foreclose. I wound up having to enter into bankruptcy to stop the foreclosure, which destroyed my excellent credit score and then had to sell my house “short” in order to ultimately prevent foreclosure.
A 25-year long affordable and green living situation in Montford was totally destroyed by the city of Asheville, which simultaneously violated my property and privacy rights to boot. This, along with Asheville’s high tax rates comparable to large cities, combined with low-paying jobs, has far more to do with the affordable housing problem than so-called “greedy landlords.” Yet ignorant locals are now suggesting “rent controls” — will people here never learn?
I’m certainly not the only landlord who was screwed by the city of Asheville. Others like me are the real experts who have suffered great financial and emotional damages resultant from this city’s collectivist social engineering, and these are the people who need to be interviewed in order to reach the truth of the matter.
— Bernard Baruch Carman