Local finances could ruin your dream house

Here’s some good advice on homebuying you may not have considered:

If you’re looking to buy a house, chances are you’ve spent countless hours examining listings. Fabulous. Now, just make sure you spend a little time ensuring that house you want isn’t within the borders of a city that will bring you financial distress.

The incomparable Liz Farmer considers what could happen in a place that loses population or takes on too much debt. You can find financial information on Charlotte and the 74 other largest cities in the country from Truth in Accounting (Charlotte is one of the best). Every city and county in North Carolina must submit a report to the State Treasurer. They should also have their comprehensive annual financial reports CAFRs on their own websites.

Joseph Coletti / Senior Fellow

Joe Coletti is a senior fellow at the John Locke Foundation focused on fiscal policy issues. He previously headed the North Carolina Government Efficiency and Reform initiativ...

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