I believe that a lot of the “investment” purchases currently being made in our market do not conform to the statements quoted below, but are based purely on the speculative hope that values increase rapidly. …”For me, and most economists, the test of any asset being overpriced would be the yield (ROA) on the asset vs. the risk of holding it. The yield on a…
Everybody is doing it
She pointed out that “even they look for houses online,” as Jessica was looking at pictures of houses – note that they didn’t show her looking at descriptions of houses. This is why each and every one of my listings has tons of pictures and Visual Tours.
Another eminent domain article
WP article – ” Could your local government seize the home you own just to transfer it to somebody who promises to pay higher taxes? We may be finding out locally soon in the Greene matter.
I’ll provide the market knowledge, you provide the finances
"On average, house prices in the U.S. have jumped 85% over the past decade, according to the Office of Federal Housing Enterprise Oversight. Prices have soared largely because low interest rates have cut the cost of financing a home. In coastal areas, the rise has been far steeper. In California, for example, prices have more than doubled in just the past five years.""This year, the...
Water, anyone?
Read the DP for more. ” The changes that would be made to the reservoir – raising the dam by four feet and dredging – are unlikely to be approved by state and federal regulators because of their environmental impacts, Bill Ellis said Thursday at a joint meeting of the Charlottesville City Council, the Albemarle County Board of Supervisors and the RWSA.”
Growth, it is a comin’
From the WashPost – “The Supreme Court did what some on the pro-development majority on Loudoun’s Board of Supervisors have wanted to do since taking power last year. Supervisors who have long slammed the controls as an infringement on property rights appeared delighted with the court’s ruling, and there was no indication yesterday that it would be appealed or that Loudoun officials would try to…
Tax reduction in the City
This is a bit disingenuous, in my opinion. Rates go down by .04, but assessments rise by 20%. No more than a "look, we feel your pain" measure.I love this snippet - "The end of commercial trash collection saves the city $1.2 million. Competition from BFI and Waste Management has cost the city 20 percent of its customers." Competition is good." O?Connell said the budget...