Tag Archives: recession
Charlottesville Real Estate Market – We Don’t Know What We Don’t Know
With all due respect to Don Rumsfeld …
Some segments of the local real estate market are absolutely seeing improvements while others are just beginning to experience significant downturns. Calls for an “end to the recession” however are premature and, in my opinion, irresponsible.
We don’t know:
- How many more foreclosures will happen in the Charlottesville/Albemarle/Central Virginia area. Heck, we don’t even know accurately how many there are now or how many are still out there that have not yet hit the market, nor do we know with any trustworthy accuracy how many foreclosures have sold this year, although … Continue reading…
How Do you Define “Recovery”?
The Charlottesville Bubble Blog wonders this very question; I have a feeling that this will be one of the main topics of my time on WINA Friday (today) from 4:15 to 5.
I wonder if the median income has changed in the past two years …
And …
And yes, yes I am playing with Policy Maps.… Continue reading…
Anyone Can Lose a Home
Sent in by a reader …. From the New York Times; that they got a crazy loan(s) isn’t the most powerful part of this story. The rapid spiral of debt, and hopelessness is; this story is a “must read.”
Between humongous loan balances and high rates, we had hung ourselves with the rope they gave us. In the previous December alone, we charged $2,845 on the Chase card for Christmas gifts, food, gasoline, clothing and other expenses. The charges included almost $350 for groceries, $700 in clothes from J. Crew, $179 at GapKids and $700 for airplane tickets for
