<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class="">Hi<div class=""><br class=""></div><div class="">Didn’t we have a problem years ago where developers began to develop the area and not compete the roads, curbs and sidewalks etc. The developers had to put aside so much money, when they applied for the development. Then they went out if business and there was no funds left. The residence and City had to pay for those improvements. </div><div class="">I think there is something in place to prevent that now, but with the cost of improvements I hope the City and County have increase those funds. </div><div class="">Don <br class=""><div><br class=""><blockquote type="cite" class=""><div class="">On Oct 3, 2022, at 10:53 AM, Stephen Knill <<a href="mailto:knillsj@gmail.com" class="">knillsj@gmail.com</a>> wrote:</div><br class="Apple-interchange-newline"><div class=""><meta charset="UTF-8" class=""><div class="WordSection1" style="page: WordSection1; caret-color: rgb(0, 0, 0); font-family: TimesNewRomanPSMT; font-size: 18px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;"><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Ii SE Durham, CC has approved over 6000 new homes with 2200 more in the queue. Half or more are townhomes. If interest rates continue to climb, the individual buyers they expect to attract may sit on the sidelines. Most of these are national builders so getting a big investment group to purchase a whole development eliminating the builders sales costs etc. could be very attractive to both parties. And when the market comes back, they could sell off individual homes again. In Phoenix, 32% of new home purchase are now going to investors. It can happen here.<span class="Apple-converted-space"> </span><o:p class=""></o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Stephen Knill<o:p class=""></o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><a href="mailto:knillsj@gmail.com" style="color: blue; text-decoration: underline;" class=""><span style="color: rgb(5, 99, 193);" class="">knillsj@gmail.com</span></a><o:p class=""></o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">+(917) 620-4941<o:p class=""></o:p></div></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div style="border-style: solid none none; border-top-width: 1pt; border-top-color: rgb(181, 196, 223); padding: 3pt 0in 0in;" class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><b class=""><span style="font-size: 12pt;" class="">From:<span class="Apple-converted-space"> </span></span></b><span style="font-size: 12pt;" class="">RICHARD FORD <<a href="mailto:rbford@aol.com" style="color: blue; text-decoration: underline;" class="">rbford@aol.com</a>><br class=""><b class="">Date:<span class="Apple-converted-space"> </span></b>Monday, October 3, 2022 at 10:33 AM<br class=""><b class="">To:<span class="Apple-converted-space"> </span></b>Mimi Kessler <<a href="mailto:mimikessler1@gmail.com" style="color: blue; text-decoration: underline;" class="">mimikessler1@gmail.com</a>>, <<a href="mailto:knillsj@gmail.com" style="color: blue; text-decoration: underline;" class="">knillsj@gmail.com</a>><br class=""><b class="">Cc:<span class="Apple-converted-space"> </span></b>Inc <<a href="mailto:inc-list@lists.deltaforce.net" style="color: blue; text-decoration: underline;" class="">inc-list@lists.deltaforce.net</a>><br class=""><b class="">Subject:<span class="Apple-converted-space"> </span></b>Re: [Durham INC] With the speed of City Council approvals on new developement, there is a real possibility of this in Durham<o:p class=""></o:p></span></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Durham may not be immune from the national trend that investors will buy properties at a discount and that individuals looking for housing may not be able to complete with them.<o:p class=""></o:p></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Mortgage rates have doubled which will effect individual home buyers. How will more rental houses affect Durham??<o:p class=""></o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Home ownership as a primary wealth builder may be further out of reach for many.<o:p class=""></o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Dick Ford<o:p class=""></o:p></div><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><br class=""><br class=""><o:p class=""></o:p></div><blockquote style="margin-top: 5pt; margin-bottom: 5pt;" class="" type="cite"><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">On Oct 3, 2022, at 9:55 AM, Mimi Kessler <<a href="mailto:mimikessler1@gmail.com" style="color: blue; text-decoration: underline;" class="">mimikessler1@gmail.com</a>> wrote:<o:p class=""></o:p></div></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">I would be very surprised if that is happening around here. While demand has slowed some, there are plenty of investors (from here and elsewhere) who are still buying.<span class="Apple-converted-space"> </span><br clear="all" class=""><o:p class=""></o:p></div><div class=""><div class=""><div class=""><div class=""><div class=""><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Mimi Kessler<br class="">919-599-2892<o:p class=""></o:p></div></div></div></div></div></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div></div></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div class=""><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">On Mon, Oct 3, 2022 at 7:46 AM Stephen Knill <<a href="mailto:knillsj@gmail.com" style="color: blue; text-decoration: underline;" class="">knillsj@gmail.com</a>> wrote:<o:p class=""></o:p></div></div><blockquote style="border-style: none none none solid; border-left-width: 1pt; border-left-color: rgb(204, 204, 204); padding: 0in 0in 0in 6pt; margin-left: 4.8pt; margin-right: 0in;" class="" type="cite"><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><br class="">_______________________________________________<br class="">INC Website:<span class="Apple-converted-space"> </span><a href="https://sites.google.com/view/durhaminc/" target="_blank" style="color: blue; text-decoration: underline;" class="">https://sites.google.com/view/durhaminc/</a><br class=""><br class="">Durham INC Mailing List<br class=""><a href="mailto:inc-list@lists.deltaforce.net" target="_blank" style="color: blue; text-decoration: underline;" class="">inc-list@lists.deltaforce.net</a><br class=""><a href="https://lists.deltaforce.net/mailman/listinfo/inc-list" target="_blank" style="color: blue; text-decoration: underline;" class="">https://lists.deltaforce.net/mailman/listinfo/inc-list</a><o:p class=""></o:p></div></blockquote></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">_______________________________________________<br class="">INC Website:<span class="Apple-converted-space"> </span><a href="https://sites.google.com/view/durhaminc/" style="color: blue; text-decoration: underline;" class="">https://sites.google.com/view/durhaminc/</a><br class=""><br class="">Durham INC Mailing List<br class=""><a href="mailto:inc-list@lists.deltaforce.net" style="color: blue; text-decoration: underline;" class="">inc-list@lists.deltaforce.net</a><br class=""><a href="https://lists.deltaforce.net/mailman/listinfo/inc-list" style="color: blue; text-decoration: underline;" class="">https://lists.deltaforce.net/mailman/listinfo/inc-list</a><o:p class=""></o:p></div></div></blockquote></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div></div></div><span style="caret-color: rgb(0, 0, 0); font-family: TimesNewRomanPSMT; font-size: 18px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; float: none; display: inline !important;" class="">_______________________________________________</span><br style="caret-color: rgb(0, 0, 0); font-family: TimesNewRomanPSMT; font-size: 18px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;" class=""><span style="caret-color: rgb(0, 0, 0); font-family: TimesNewRomanPSMT; font-size: 18px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; float: none; display: inline !important;" class="">INC Website:<span class="Apple-converted-space"> </span></span><a href="https://sites.google.com/view/durhaminc/" style="color: blue; text-decoration: underline; font-family: TimesNewRomanPSMT; font-size: 18px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="">https://sites.google.com/view/durhaminc/</a><br style="caret-color: rgb(0, 0, 0); font-family: TimesNewRomanPSMT; font-size: 18px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;" class=""><br style="caret-color: rgb(0, 0, 0); font-family: TimesNewRomanPSMT; font-size: 18px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;" class=""><span style="caret-color: rgb(0, 0, 0); font-family: TimesNewRomanPSMT; font-size: 18px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; float: none; display: inline !important;" class="">Durham INC Mailing List</span><br style="caret-color: rgb(0, 0, 0); font-family: TimesNewRomanPSMT; font-size: 18px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; 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