Date Archives January 2008

Banning plastic bags in Virginia?

Not real estate related, I know, but still interesting.  This bill was introduced yesterday.  I’ll wager that if it gets passed, the City of Charlottesville will try to enact such an ordinance.§ 15.2-977.  Plastic carryout bags.Any locality may, by ordinance, provide that a retail merchant located within its jurisdiction shall not provide to any of its customers at the point of sale any plastic carryout bag in which a product or products purchased by any such customer from such store is placed unless such plastic carryout bag is a durable plastic bag, with handles, that is at least 2.25 mils thick and is specifically designed and manufactured for multiple reuse.We’re not alone.

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This is why I tell my clients that everything can change

Purchasers should exercise whatever due diligence they deem necessary with respect to adjacent parcels in accordance with the terms and conditions of the purchase contract, but in any event prior to settlement on the subject property.  In short, sellers are generally responsible for disclosing anything within the four corners of their property, and the buyer (and buyer’s agent) should do all the due diligence they can to learn about what is outside those four corners.And then read this story at Charlottesville Tomorrow referencing the Mosby Mountain development on 5th Street Extended/Old Lynchburg Road – Bill Edgerton (Jack Jouett) also expressed sympathy for the neighbors, but he could not support making an exception, in part because of the history of neighborhoods changing their minds on sidewalks, particularly when faced with the prospect of a new neighborhood being connected to an existing development….  Mitchell was, however, quite surprised to learn that, at least in the view of some of the Planning Commissioners and staff, his cul-de-sac was seen as accommodating a road interconnection to future development adjacent to his property….  Mitchell said that if the County ever tried to connect Hatcher Court he would both be opposed to it and try to buy the land behind him.In my view, unless you own the land around you, it is more likely than not to become, at some point, either a through road (not the cul-de-sac you’re used to) or some form of development.In this case, it sounds like the neighbors don’t want the sidewalks; but what happens in ten years when the cul-de-sacs become through roads?

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“A C-SPAN that covers local meetings”

A great description of Charlottesville Tomorrow.  Listen to Brian Wheeler’s most recent weekly appearance on WINA here, covering North Pointe on 29 North, Places29 and several other topics that affect the Charlottesville real estate market.As I have noted before and elsewhere, Charlottesville Tomorrow is, regardless of your perspective, one of the many things that sets Charlottesville and Albemarle apart from other areas.  How I wish there were something like this for Augusta and Waynesboro.

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Wednesday links 01-16-2008

More tools in the battle versus sploggers.We have relatively very few foreclosures in the Charlottesville area, but this with regards to foreclosures in general, this is an interesting development.If there’s no appreciation for the next 5 years, how will you do?  An excellent article by one of my favorite real estate investor writers.Why exactly did the City and County lift the drought restrictions?If you think Albemarle County assessments are bad, think about getting reassessed for the first time in five years.Lenders don’t deserve to be rescued eitherSubprime nation – try to ignore any partisan feelings and read what he’s saying.

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