Two weeks ago we discussed how the "Flat" world economy was impacting the land market in Virginia.  Last week we discussed one of the two most serious issues that are having a negative impact on Virginia's ability to compete in the world economy...Cash Proffers.

This week we will explore the other most negative impact...Virginia Department of Environmental Quality (VDEQ)'s Stream Impact program.

In last week's newsletter, we discussed the fact that there is a huge conflict between government regulations and the "Flat" economic world market.  Among the sources of conflict are two - cash proffers and Virginia Department of Environmental Quality (VDEQ) Stream Impacts.

This week we will discuss Cash Proffers:

Thomas Friedman is well known for his book entitled "The World is Flat".  Playing off of the pre-Columbus concept that the world was flat and not a globe spinning in space, Mr. Friedman goes to great lengths in his book to explain to his readers how technology has caused the economic stage to become the world, not each individual country.

The entire real estate industry is capital intensive.  "Capital Intensive" is a fancy way of saying that it takes a lot of money to buy real estate, develop buildings or subdivisions, and then operate those developments.  Each development is like a business.  It takes a significant amount of money usually in the form of debt to be able to operate these businesses.