Since you are the elected representative for the Franklin County Districts, we feel it most important to bring a significant problem to your attention. Many of us, after enjoying many years on our 22,000 acre resort lake, find ourselves unable to sell our homes. Our own home has been on the market for the 2nd year now at a price that is well BELOW the assessed value upon which we pay taxes. Our competent real estate agent informs us that one of the things that hinders the sale of our homes is a desire by a purchaser to buy a home that his family can enjoy but ALSO as an investment to rent out when not needed by his family.
Four years ago, President Obama signed the Dodd Frank Act, which was intended to address the underlying issues that led to the financial crisis and create a safer financial system. Instead, this 2,300 page law, which establishes 400 new government regulations, has led to disproportionately negative impacts and costs for community banks, small businesses, and consumers, while doing little to tackle the issues that truly drove the crisis.