Tag Archives: bubble blog
Budgeting on Assumptions – Good enough for Government
From yesterday’s Daily Progress regarding the worsening Albemarle County budget (bolding mine):
The proposed 77.2-cent tax rate would mean the average homeowner would pay the same real-estate taxes as this year for the next two years, officials say. Assuming real-estate values begin to pick up, there would be a slight increase in tax bills in the third and fourth years, maxing out at a 3 percent increase in real-estate taxes five years from now, officials project.
Which officials are hopefully assuming that real estate values will pick up? And when?
Naturally, Charlottesville Tomorrow has a related story – Supervisors … Continue reading…
The Charlottesville Bubble Blog is on a Roll
The Charlottesville Bubble Blog reviews a whole slew (is five a “slew”?) of houses.
1712 Mattox Court (with Days on Market here)
1627 Greenleaf Lane – (with Days on Market)
825 Belvedere Blvd – (with Days on Market)
1320 Kenwood Lane – (with Days on Market)
1503 Oxford Road – (with Days on Market)
Coincidentally, I’m showing one of these tomorrow morning.
Days on Market matter, but accurately discerning them market-wide is both an effort in futility, aggravation, questioning of ethics and generally a waste of time. (more on this later)
Stay tuned for my market report … Continue reading…
