Listening to the news last night, John Demorro mentioned that unless we get some rain soon, we could be facing water restrictions. This is not a doomsday prediction, but a very likely reality.
Browsing Category Growth
Drought upon us?
Checking the local water levels here, it would appear that we have no problems with water. Or you go go to the RWSA home page to get more current data.6/23/05Reservoir Levels Total % Remaining 98.1%Sugar Hollow FullRagged Mtn. -1.54South Rivanna FullIf we as a region do not 1) plan and implement said plans adequately, we could face a world of problems.
Emergency response times limiting development
A six-month-old Prince George’s County law that makes new home construction contingent on ample fire and police service has essentially shut down the pipeline of new projects across the county, planning officials say.This is a very interesting article in today’s Washington Post, particularly when looked at from a local perspective…. Builders and developers would surely pass the costs on to the purchasers, but is this not the way the market works?One Democrat says that “It would not hire more police officers or pay to get more firetrucks,” Hendershot said. “All it would do, which it has done, is shut off development activity, which has the possibility to generate revenue to hire more police officers and get more firetrucks.”
It’s all relative
I was showing property in the 29 North corridor this afternoon/evening to some clients from Northern Virginia…. Driving 20 minutes to dinner may be becoming the norm, unless you happen to live within reasonable walking distance…. Growth has added much traffic but is also bringing in new restaurants and shops – we will finally have a good seafood restaurant!
Bubble Talk
You’ll also lose the tax deduction for mortgage interest.”Stocks can be sold in seconds, but it may take two to four months to complete a real estate transaction,” NAR’s Yun says. A stock transaction can be had for less than $10, whereas selling a house results in outlays in the thousands for commissions and closing costs.”The real question,” says Randall Guttery, a professor of real estate at the University of North Texas, “is what do you do with the money” you made from selling your house?This is the real quandary that those in the Charlottesville market face…. As a community, we have to ensure that we maintain the vibrance and reasons why people move here, lest we start to resemble a certain region to the north of Culpeper.
A New Age Restricted Community Is Coming to Greene County
Tuesday dozens of people showed up for the groundbreaking of Greene County’s first active adult community. The community will have more than 500 lots and will include a 16,000 sq…. Seniors typically bring affluence, knowledge and no drain on community resources; read: School systems.
What happens if there is a bubble?
Now, many worry that the roaring housing market may be headed for a train wreck as well.What’s the likelihood this could happen? For his part, Federal Reserve chairman Alan Greenspan said last week that a nationwide housing bubble was improbable, while warning of “froth in some local markets.” He said a broad price decline in the housing market was unlikely to happen or to have much economic impact.It is all good and well to continually predict that there is a bubble; eventually, some of these so-called experts will be right, whether it takes them 10 years of the same prediction will remain to be seen.