Our city’s budget is far more than just a financial ledger—it’s a blueprint for our lives and futures. It shapes the services we depend on every day, from police and fire protection that ensure our safety, to public transportation that keeps us connected, and parks and green spaces that enrich our quality of life.
Raleigh finds itself on lists of superlatives, and one factor that places us there consistently is our collective effort to maintain the character of our fair city through preservation of our historic landscapes, land use patterns, architecture and rich cultural heritage.
Attending the city’s budget listening sessions was more informative than just how the budget is created. It showed people have a lot to say. They have a lot they care about. Of these things, the 3 that kept coming up were Affordable Housing, Transportation, and Public Safety.
I have experience valuing homes that are next to duplexes, fourplexes and apartment buildings; I see what’s happening in these neighborhoods. Once zoning is changed from single-family to multi-family, developers move in and start competing against families for older homes. Unfortunately, the builder always wins because they have more money and are willing to pay cash. Homes, perfect for a starter family or in need of being rehabbed will be purchased by a developer who will tear the house down to make way for a new multi-unit building on a small 5,000-square-foot site. (It’s called the highest and best use of the land). The moment construction starts, the value of a nice condition single-family home next door goes down; the appraisal term is called external obsolescence. Welcome to capitalism in America.
Highlights from the January 7, 2025 City Council meeting