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Sunday, April 26, 2009

Salisbury Home Prices Decline

The Daily Times has an interesting article today about home prices dropping locally, faster than the national average.

They also have an article on Council Unity and Urban Salisbury delivering their Master Plan to the new Mayor Ireton's round table meeting last week where more than 100 people attended. The normal amount of people attending with Mayor Tilghman, (they claim) is 10.

For starters, the interest is there, will Smith, Comegy & Shields hear "The People?" After all, they're the ones who have been crying UNITY for all the Tilghman years.

We have a slacking economy, that's a given. However, this is the Eastern Shore and quite frankly I personally believe WE should be the very first to be able to recover. Our cost of living is far less than the rest of the State but we must reinvest into a rebound or we'll simply become another Detroit.

Yes, we have put most of our eggs into one basket with the north end of Town. It has been reported that the Box Stores are moving away from the big Malls and with the Downtown Plaza we already have the infrastructure there to make a rebound work.

The ONLY way we're going to be able to boost housing prices back up or at least stabilize them is to create jobs. We need to build our economy, not destroy it by ignoring it and blaming it on a national problem.

Look, if you're a Car Dealership and you have millions invested in your business, just because sales are down nation wide, does that mean you just give up and blame it on the rest of the national averages. Or do you work that much harder to survive. Barrie Tilghman gave up on Salisbury. Her only interests were Developers and not the Citizens or current Investors. The Smith, Comegys & Shields way of thinking, (inherited by Barrie Tilghman) will only bring us down that much further and quicker. The national average does not lie, are you listening too Chief?

Do all of YOU want to just give up and blame it on the rest of the Country, or do YOU want to get involved and bring those round table meetings to a point they have to use the Civic Center because the GOB doesn't have enough room to hold ALL of us that are interested in raising the value of our homes and make Salisbury a place people want to call home? Do YOU want to see crime go down so we can all ENJOY our way of life while we pay all these taxes and perhaps even increases?

Get involved people. It's a great learning experience and quite frankly your opinions and ideas are vital in revitalizing Salisbury. If you don't care, don't complain when home values continue to drop below the national average. Oh, I don't want to forget to mention something else I think is really important. STOP allowing Smith, Comegys and Shields to use ROCKVILLE as a comparison all the time. Salisbury is NOT Rockville! They got away with it on several projects, including the $14,000,000.00 Fire Palace.

3 comments:

Anonymous said...

If this is true, then please explain why my city and county taxes keep going up? My House was recently reappraised for refinancing purposes and it came back $30,000.00 less than three years. However, my taxes are over $5,000.00 more! Please explain.

Anonymous said...

SWEET! I'm moving there in a few months. Salisbury's home prices are way too high right now, especially considerg its size and the lack of professional jobs.

Anonymous said...

Values are dropping here faster than the national average...hmmm that sounds like a good thing, like Detroit if more people read this then Investors will start pouring in and our bottom will be hit before the rest of the nation. Everyone reading this must realize before things get better they have to get worse and it seems sellers-who really need to sell, are doing just that, they are selling at prices that the market is willing to pay. Eventually the market will return to normal and your home values will adjust for the better. All this without the gov't...