School Turmoil Costs Home Equity

School Turmoil Costs Home Equity

There are 22 comments on the WXIA Atlanta story from Mar 4, 2008, titled School Turmoil Costs Home Equity. In it, WXIA Atlanta reports that:

In the last four years, according to realtors, homeowners in Clayton County have lost, on average, $54,000 in equity.

Join the discussion below, or Read more at WXIA Atlanta.

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john

Atlanta, GA

#1 Mar 5, 2008
I am in court with them now because clayton county raised my property tax 25%
Denise

Atlanta, GA

#2 Mar 5, 2008
Oh, there are other reasons why property values have declined. But I don't want to be edited or deleted for telling everybody what they already know!
Brown

Atlanta, GA

#3 Mar 5, 2008
Denise wrote:
Oh, there are other reasons why property values have declined. But I don't want to be edited or deleted for telling everybody what they already know!
Wow! You do not have to spell it out! Anyone who can read between the lines can tell where you want to go with your post. Thank you for not going there!
truth speaks

Knoxville, TN

#4 Mar 5, 2008
Brown wrote:
<quoted text>
Wow! You do not have to spell it out! Anyone who can read between the lines can tell where you want to go with your post. Thank you for not going there!
sad but true
testing testing

Atlanta, GA

#5 Mar 5, 2008
Victor Hill's need to purchase a "SWAT" tank didn't do a heck of a lot for the Clayton County real estate market either.
"GEE!!! Let's buy a house in Clayton County!! They have a tank to protect us from the bad guys!!!"
Jimmy

Commerce, GA

#6 Mar 5, 2008
Sadly, these figures demonstrate that "White Flight" may not be caused by racism.

A realistic fear of losing equity may be the root cause.

The school board is not the entire problem. Clayton County elected these people. Clayton County has been warned for five years that the axe was going to fall. Clayton County stood by for these five years and only now, when they face loss of acredititation, is the community up in arms.

The whold county is responsibility for what is happening. The whole community will have to change or it will happen again.

Parents need to take an interest in their children and in their schools. That is part of being an adult.
Ga Boy

Atlanta, GA

#7 Mar 5, 2008
truth speaks wrote:
<quoted text>
sad but true
Yeah, even on the news, they said that 'afterward,' property values dropped 30%! But, we won't go there......
Denise

Atlanta, GA

#8 Mar 5, 2008
truth speaks wrote:
<quoted text>
sad but true
Let those who caused the problem, wallow in it.......
Michael

Atlanta, GA

#9 Mar 5, 2008
Jimmy wrote:
Sadly, these figures demonstrate that "White Flight" may not be caused by racism.
A realistic fear of losing equity may be the root cause.
The school board is not the entire problem. Clayton County elected these people. Clayton County has been warned for five years that the axe was going to fall. Clayton County stood by for these five years and only now, when they face loss of acredititation, is the community up in arms.
The whold county is responsibility for what is happening. The whole community will have to change or it will happen again.
Parents need to take an interest in their children and in their schools. That is part of being an adult.
Point taken. But the illegals are doing the same to other metro counties.....
Matt S

Peachtree City, GA

#11 Mar 5, 2008
The sad part is that Fayette County is next. Having been raised in Fayetteville and watching the demise of Riverdale and then slowly moving southward to Fayette we retreated to Newnan. First they took Clayton next is Fayette. That's the facts.
Jimmy

Commerce, GA

#13 Mar 5, 2008
Michael wrote:
<quoted text>
Point taken. But the illegals are doing the same to other metro counties.....
There is a difference, the illegals do not vote and cannot determine who is on the school board.

Citizens of the United States in Clayton County did this.
Concerned Citizen

Hoboken, NJ

#14 Mar 5, 2008
The interesting thing is...the county is comprised of people of all races. As someone stated this started YEARS ago and the people who are now up in arms didn't do a thing about it. They even reelected some of these people. Most folks don't take the time to actually evaluate a candidate they just vote for the name they recognize - if they vote at all. The only thing about alluding to "them and they" is that eventually it will impact everyone and not always in ways you can imagine. Besides as has been proven - you can't keep moving so maybe those of like minds might want to work together to make things better. Or folks can keep running until we are all jammed up together - and that should have an interesting outcome.
lane tucker

Alpharetta, GA

#15 Mar 5, 2008
People vote with their feet

When the neighborhood changes, they move
Then the local schools go to hell, they move.

When local housing values fall because of the above two, they flee.
Naomi

Kennesaw, GA

#16 Mar 5, 2008
It's quite sad, really. As a resident of Hampton (the Clayton County section) without children, it's been disastrous to my property value and any hope of recouping a return on my investment in the near future. My unfinished subdivision is now selling new homes for much less than I (and the other owners) initially bought it for.

At what point will residents band together and say this is unacceptable? At what point will parents say 'my child deserves better than this'? We, as a county sit idly by and allow this nonsense to occur. Ego has surpassed common sense in this county. Apparently, we need the state to intervene and fire the entire board and start from scratch.
Jimmy

Commerce, GA

#17 Mar 5, 2008
Naomi wrote:
It's quite sad, really. As a resident of Hampton (the Clayton County section) without children, it's been disastrous to my property value and any hope of recouping a return on my investment in the near future. My unfinished subdivision is now selling new homes for much less than I (and the other owners) initially bought it for.
At what point will residents band together and say this is unacceptable? At what point will parents say 'my child deserves better than this'? We, as a county sit idly by and allow this nonsense to occur. Ego has surpassed common sense in this county. Apparently, we need the state to intervene and fire the entire board and start from scratch.
Someone is going to make a lot of money out of this. Home values are down and the citizens are finally up in arms.

If this corrects the problems with the school system, home values will rise.

This may be the perfect time to buy rental property with the idea of selling it when the prices improve.
atlga

United States

#18 Mar 5, 2008
Where is Neal Point located....can't seem to find this subdivision anywhere. The picture is of a house in Denver Colorado. Does this house really exist in Morrow/Clayton with 4,500 square foot twin masters, a teen suite, three baths, six beds, appliances, and $20,000 cash back?

Since: Oct 07

Atlanta, GA

#19 Mar 5, 2008
atlga wrote:
Where is Neal Point located....can't seem to find this subdivision anywhere. The picture is of a house in Denver Colorado. Does this house really exist in Morrow/Clayton with 4,500 square foot twin masters, a teen suite, three baths, six beds, appliances, and $20,000 cash back?
According to: http://www.helloatlanta.com/marketplace/House... , it's "minutes off I-285 in Ellenwood."
ADC

United States

#20 Mar 5, 2008
Angry citizens, political instability, machine like politics, elected officials that are dictatorial, obnoxious and controversial, real estate values plummeting, billions lost due to corrupt officials, crime escalating, elected officials commiting procedural rule violations and refusing to resign...sounds like a Latin American country, no wait, its Clayton County.

Once again an area that experience white flight is swirling towards meltdown and the leadership of the minority communities that have taken over leadership are nowhere to be found.

How about the SCLC or the NAACP coming in and taking a leadership stance on correcting the ills of this community for its constiuents, the 52,000 plus students who are predominately African American.

Why are these organizations not complaining or taking a leadership stance about the injustices that are being perpetrated against the people of Clayton County. The SCLC and NAACP all had very public statements to the media about Michael Vick and Genarlow Wilson when it was perceived that they were being unfairly routed by racism. What about this injustice?

Isn't it just as racial when an African American uses corruption and race to perpetrate an injustice against his or her people and others?

SCLC and NAACP, stand up for your constituents, stand up for fighting a corruption that is causing an injustice to your community and thousands of others. Show the world that you have a moral core and are more than media hacks.

From my perspective until these types of organizations engage and provide leadership the issue of petty racism will continue to pervade the opinions of many.
Brad

Atlanta, GA

#21 Mar 5, 2008
Jimmy wrote:
<quoted text>
There is a difference, the illegals do not vote and cannot determine who is on the school board.
Citizens of the United States in Clayton County did this.
This has nothing to do with voters......try, try again?
Jimmy

Commerce, GA

#22 Mar 5, 2008
Brad wrote:
<quoted text>
This has nothing to do with voters......try, try again?
It has everything to do with voters. Who elected the school board, even after the school system received warning about losing accreditation.

The citizens elected the zoo running the school system. They are responsible for what they elected.

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