here are a couple of good bubble links …RealestatejournalNYTimes – thanks to Curbed for the heads-up (registration required) – go here for a password.”So far, the mortgage-backed market has generated cash and profits galore…. That said, the industry should still be regulated somehow, someway.Volokh – The concern, as I understand it, is that people who have interest-only loans (for instance) are going to be hurt if home prices fall (although it is not clear why they would, if everyone is adopting the new mortgages–but I digress). The idea is that if housing prices fall, and if they have to sell their house, they will be forced to come up with a big wad of cash to make up for the shortfall.
Date Archives July 2005
New listing coming soon
I am working on a new listing in the Stony Point area of Charlottesville …… five year old home on over an acre and a half 15 minutes to the City. If you are looking for close proximity to either Pantops Mountain or 29 North, yet still with a rural feel you will want to email me.
Me in my office
The long, often unpredictable hours of real estate allow for the occasional rest in my office.
Cell phone service?
Ever since Cingular bought Suncom, my service has been swiftly been declining. I believe that Cingular is forcing me to give up my legacy “UnPlan.” What service is the best cell service in the Charlottesville area?
New eminent domain blog
This site has been set up by Arin Sime , among others I am sure. They also have a blog to complement their efforts.
Kelo Backlash Could Lead to Restoration of Property Rights Lost to Smart Growth and Eminent Domain Abuses
I haven’t read this yet, but will this evening – from the Heritage Foundation.
Albemarle Places creeps closer
The 80-acre site surrounding the Sperry Marine facility will eventually hold almost 2 million square feet of leasable space and is projected to include a 150-room hotel, a 14-screen cinema, 780 apartments, office space, a grocery store, restaurants and a variety of large retail outlets.Just what we need at one of the busiest, most dangerous intersections in the area. Prior to the land’s rezoning, the county extracted a variety of conditions from developers, who agreed to fund more than $5 million in transportation and capital improvement projects in the area.I didn’t find these proffers/concession at Albemarle’s site; probably wasn’t looking hard enough. If I sound bitter, it is because my office is located between this development and the 29/250 interchange.