Background of Subject

     Anita Kimball is a real estate agent who works with Sea Level Real Estate.  She lives Down East in the community of Otway.

Description of Issue

     There were several different issues discussed.  First the issue of how rapidly Carteret County is growing.  Next, the issue of how high property values have risen in the last few years, and if they will continue to rise.  Lastly, the issue of the moratorium Down East, the effects it will have on the value of the property and if it will give the area time to plan how they want to develop.

Challenges

     There are challenges with each of these issues.   One of the challenges for the rapid growth is that the roads cannot handle the amount of traffic that comes with in increase in population.  The challenges with the high property values are that the average person cannot afford to buy a lot.  The value of property in the county is going to continue to rise which will make it harder for a person just starting out or just graduating from college to be able to afford to finance a house and property.  The challenges with the moratorium are whether it will even be put into effect.  It will not reduce the value of the property because a year is not that long according to Ms. Kimball for the types of development that the moratorium will effect.

Solutions

     One of the possible solutions to the rapid growth Down East is the moratorium.  This will give the communities the opportunity to look at the Land Use Plan.  They want the water quality parts of this plan to be in place before bigger developments go any further.