What happens when a failing school system impacts the local housing market?

In a relatively stable Atlanta market, Clayton County property values have dropped 20 percent. The local Realtor organization, The Metro South Association of Realtors, after seeing that the local school system is at risk of losing it’s accreditation for the second time in 5 years is asking for the Governor to fire the school board and bring in a replacement.

This is serious stuff and Clayton’s property value drop is not only because of the school system. As Atlanta has gentrified many of the people displaced have moved into this county and the stresses on social services have taken it’s toll. But corruption and waste in the school system has exasperated the situation.

Now the Realtors looking at the potential for their livelihood being destroyed (it is hard to make a commission on properties that have little value) are banding together to try to save the county.

I wish them luck.

Clayton County school board for putting the school district at risk of losing its accreditation.
The Metro South Association of Realtors, which represents agents in Clayton and Henry counties, said their business is suffering because of the actions of the board. This is the second time in five years the district’s accreditation has been in jeopardy.
“Instead of the recall, we are going to the governor and asking him to impeach the whole board because there are members up there who are not speaking up about the unethical behavior,” David Barton, the association’s vice president of governmental affairs, said after Thursday night’s school board meeting. ajc.com.

Related posts:

1. White House’s Foreclosure Plan Failing?
2. Top 10 Counties For The Highest Property Taxes
3. Local Municipalities Losing Millions in Property Tax Revenue
4. The National Association of Realtors Are Not Leasing Agents