On this week's Flashpoint, we're discussing Charlotte's affordable housing crisis. First up, Ben Thompson has an interview with Ely Portillo, the assistant director of outreach and strategic partnerships at UNC Charlotte's Urban Institute. The two discuss the housing market in Charlotte, and UNCC research that shows Wall Street-baked firms have bought more than 11,000 single-family homes in Mecklenburg County. This has made it especially difficult for first-time homebuyers in an already competitive housing market.
Next up, Michelle Boudin joins the program to recap some of the outrageous things realtors and buyers are doing to secure bids on houses in Charlotte. We're talking European vacations, new cars and even paying over $100,000 above asking price!
A WCNC Charlotte investigation uncovered hundreds of hours of bodycam footage that's reviewed by Charlotte-Mecklenburg Police. Nate Morabito spoke with a CMPD captain, who says despite hundreds of recorded "concerns," officer behavior is actually improving.