Loudoun & Charlottesville
What I am listening to tonight: Managing Growth: A perspective from Loudoun County Supervisor Jim Burton. Will our community become even more ridden by sprawl and property tax increases? That's what happened in Loudoun County, according to Jim Burton of the county's Board of Supervisors.Courtesy…
Affordable housing in C’Ville
Bah. C-Ville reports: Councilor Kevin Lynch foresees that with more precise tax-relief in its toolbox, the City will be able to target “low- and moderate-income homeowners who have seen the most rapid appreciation in their properties,” rather than enacting blanket tax-rate relief as Council did…
Affordable Housing
This editorial in the WP lays out the workforce housing situation quite well. One thing the author does not do is identify solutions, beyond calling for government subsidies. Having done the math, Lerner, like other developers, feels little incentive to build large quantities of smaller,…
Local housing market review
The DP has two interesting articles David Hendrick provides a good analysis of the local market and its prospects for the upcoming year. Charlottesville is unique, for a variety of reasons. One of which is - "Charlottesville is a destination area," said Casey Dawkins, director…
Crozet Town meeting and other Growth musings
I have had a hard time working up to this post, as the two and a half hour meeting last Thursday night seemed to be so much of the same conflict, same discussions, same end result. The County did a fine presentation that provided a…
So much to blog …
... So little time ... I read so much every day and my "blog this!" folder keeps growing ... in that vein, here are a few of the things that I have been reading lately that are applicable to the Central Virginia real estate market…
Rent -v- Buy
This past week I advised one client and one consumer to rent rather than buy. Buying just didn't seem to be the right thing to do for either of these people, for a variety of reasons for each. The consumer said that she works with…
Housing appreciation in Charlottesville
Good site with pretty graphs. Source of data: OFHEO Hat tip: NYTimes Houses have appreciated by almost 72{070c63b32385cb02f7cc6b293bb2e967f577fefea717b7fffc8dc882e4751d49} in Charlottesville over the past 5 years, 110{070c63b32385cb02f7cc6b293bb2e967f577fefea717b7fffc8dc882e4751d49} over the past 10 years and 228{070c63b32385cb02f7cc6b293bb2e967f577fefea717b7fffc8dc882e4751d49} over the past 20 years. I assume that they are using the…
Another way to provide affordable housing?
This is ludicrous. (courtesy of WVIR) Caravati visited Richmond on Wednesday for the third time in two weeks. He's pushing an amendment to the City's Charter that would make developers set aside parts of their projects as low- and moderate-income housing. Caravati says the city…
Amendment to City’s “Affordable Housing” Bill
Very good amendment to the bill I wrote about last week. The [exercise of any powers granted in this section is hereby declared to be a public purpose and public use. city shall not exercise the power of eminent domain pursuant to any power granted…