At Bacon’s Rebellion, with comments such as this:
So, what are the attributes of countries where gas has been expensive for a long time?
1. A few, densely populated cities harbor a relatively large percentage of the population.
2. People live in much smaller housing than the US on much smaller lots.
3. Taxes are high.
4. Mass transit is ubiquitous. It is multi modal.
5. Relatively wealthy people have a “flat” in the city and a vacation home somewhere else.
6. Local governments have substantial power and decision making authority.
7. The supply of affordable housing is created by taxing the relatively wealthy and subsidizing the less well to do – especially government employees such as teachers, policemen, etc.
8. Secondary cities often suffer from economic decay while primary cities prosper (example: Liverpool and London).
Interested in Learning More?
I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
Dig Deeper
5 Real Estate What If’s That Make Me Lose Sleep
What if: 1 - The government forces all delinquent/underwater mortgages to be modified? Those of us who do pay our mortgages look like suckers. 2 - Retirees cannot retire. 3 - The 30 Year Fixed Rate Mortgage goes away? 4a - QRM becomes law -…
Unbelievable.
“Effective immediately FannieMae will no longer accept electronic signatures.” Why? Why???? This is the sort of thing I'd like to see Congress and the National Association of Realtors address. The inefficiencies created by needing wet signatures are tremendous. Printing, signing, scanning/faxing. Only to be told…
The “No-Spam” Policy for RealCentralVA.com
Search for homes to your heart's content. I'll never spam you. For real. Simple. I don't spam. Never have. But some people still use bogus names when registering for the home search tool on RealCentralVA.com. And then someone said to me - you know what…
Taking Vacation. And Stock.
I'm taking a vacation soon. I tell my clients that I am "grudgingly" going; but ... after reading my friends' Kris' and Jay's posts, I'm striving to readjust my priorities. I have systems in place, an extraordinarily competent agent poised to cover for me while…