Date Archives May 2005

Redistricting info

An end to the split feeder patterns in Albemarle County middle schools has been proposed for the fall of 2006.Students attending middle school together would move to the same high school under the redistricting plan.More than 1,900 Albemarle County school students would be affected by the proposal if approved by the 16-member redistricting committee and Superintendent Kevin C. Castner. The first of three information sessions on the proposed plan is scheduled for 7 tonight at Albemarle High School.

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More Amass Big Debt To Buy Real Estate

What makes this get-rich-quick formula more dangerous is that many investors are willing to buy properties on which the rent is too low to pay for financing and other monthly costs…. Jaime Nack, an event producer in Santa Monica, Calif., recently used a home-equity line of credit on her one-bedroom condo to come up with a $27,000 deposit on a Miami condo that will soon begin construction. She’s hoping that the Miami condo will be worth more when construction is completed in two years.When will this frenzy die down?

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News Flash

From WCAV – Albemarle Development On The Rise”West of town is going to be a little more quaint although there will be development and there will be growth over here in the next ten to twenty years. However, you will not see the same kind of sprawl (as associated with the Route 29 corridor),” said Kauffmann.I am not sure how one person can make this dramatic of a statement – Old Trail is going to have at least 1500-2000 units and there is going to be much more around it. With the apparent lack of planning for more infrastructure to accommodate the planned growth, who knows what Crozet is going to look like over the next 10 to 15 years?

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Cement woes continue

Inman News:An association of cement companies in the United States and Canada estimates that cement consumption should increase 3 percent tin 2005 to a new record of 123.4 million metric tons.That translates to about 112 million tons, or about 272.05 billion pounds. Another way to look at it — that’s the equivalent of 921.7 pounds of cement for every person in the United States.Which begs the question: what would you do with 921.7 pounds of cement?”Even in the context of rising interest rates, sustained high oil prices, an oversized federal budget and trade deficit, and continued upward pressure on commodity prices, the general economic picture is expected to result in sustained growth in overall U.S. construction,” according to the forecast by the Portland Cement Association.–Glenn Roberts Jr., Inman NewsI mentioned this a few months ago in the context that global issues can dramatically affect the local market.

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