Dear {FirstName},

It's early Super Bowl Sunday as I start to write this newsletter and I’m sure by the time I actually finish the game will be over. I’ve got tons of things to do this morning starting with a breakfast in White Stone, then church, and then 4 hours before kickoff the guys I watch the game with start getting together.

I’m going to fool you this month and talk about real estate before fishing. Activity has started to pick up here in the Northern Neck and if this year is anything like past years (including the last 2) then I expect even more people will start to look in February.

The most action in the real estate market today is refinancing. I receive several calls from appraisers each week asking my opinion about certain properties.

Interest rates are lower and when I talk to the mortgage writers they tell me that although they are writing a lot they are having trouble getting to closing. Okay money is harder to get now than it was several years ago but (expletive word) isn’t that what has created this problem today.

My clientele is not like most of the market. I have been trying to think if I have ever sold someone their first home. I honestly can’t think of ever having done that but I have sold many of my clients their first second home or what they expect to be their final home.

The point I’m trying to make here is this. For the type of clients that I have looking for Northern Neck property there is relatively cheap money out there if it is wanted. The other point is that it is a Buyer’s Market and some great deals can be had. Take a look for yourself and search the Northern Neck MLS. Even better give me a call and if I’m near a computer then we can search together.

 

Its 4:30 Monday morning, the game is over (what a great game), I’ve got my second cup of coffee, and I am trying to get this out before another busy day.

If you are looking for waterfront property here in the Northern Neck or if you already own property here then PLEASE read this as I think this is an issue that should concern everyone that has an interest in the Chesapeake Bay.

As most that receive this newsletter know I use to be a full time commercial waterman. Today I still put out a few crab pots and try to oyster a couple of weeks each year. What you probably don’t know is that I am vice-president of the Virginia Waterman’s Association. I hold this position today not for the work I do on the water but because I have great concern for the waterman and the Chesapeake Bay.

In the late 1800’s there were so many oysters in the Chesapeake Bay that they could filter the entire bay in less than a week. Records show that known oyster catches in that time period approached 200 million pounds annually. By the early 1900’s these known catches were down to 100 million pounds. Obviously the industry was being over harvested and regulations were needed.

Regulations were put in place. From 1930 to the present day records have been kept that show annual catches. Through the 30’s and 40’s the catches were 50-60 million pounds annually and because of management and regulations the industry was coming back. By the late 50’s catches were approaching 80 million pounds.

By the 60’s things started to change as 2 diseases that affect the mortally of the oyster were discovered in the Bay. Catches started to decline. In the mid 80’s the disease, Dermo, spread through the Bay at such a rapid rate that by the early 90’s the annual harvest was under 10 million pounds. Today it is hardly measureable.

If I’m boring you and you want to start searching the Northern Neck MLS go ahead BUT I beg you to keep reading.

Tuesday I was in Deltaville when I got a phone call from a member of the waterman’s association who told me he saw an ad in the paper about 4 public input meetings concerning an oyster hatchery in the Northern Neck. All 4 meetings were to take place that week with the first being in Lancaster County at 4pm that day.

I attended the meeting where I learned for the first time that several oyster packers who have control of 1,000’s of acres of Virginia’s public bottom (oyster ground) had been working with the Northern Neck Planning Commission  since April to achieve a public grant. This grant is for a feasibility study to determine if it is a need for a high tech oyster hatchery that would produce quality oyster larvae. The goal of this hatchery is to revive the oyster industry in the Northern Neck and create 200 – 250 jobs.

A representative of the oyster packers gave a presentation where it was said that this hatchery would produce billions of quality oyster larvae.

After the presentation the floor was open for comment. My question was if the goal was to revive the oyster industry and billions of larvae would be produced what percent of this was going to go on the public bottom, the bottom that is not only for the waterman to work but for any resident of Virginia.

The following morning I was approached by one of the oyster packers who told me that his representative reported to him that the input meeting went well except for the waterman, Ken Smith who asked what the waterman might be able to achieve from the hatchery.

After this confrontation I decided to attend the next input meeting. After the presentation and the floor was open for comments. I made the following comments.

That the Virginia Waterman’s Association is in favor of a hatchery but we have concerns among which

A.   If the goal is to revive the industry is that goal to bring the oyster back to its

1.    1800’s population

2.    It’s population between the 1930- 1960

3.    Or is it to produce product for a few

B.   Our next concern, is this hatchery going to produce corporate oystermen? Are these 200-250 jobs going to be for

1.    The Temporary Immigrate Labor that these companies bring in each year or

2.    Are they going to be for Virginians

C.   Because of these concerns I asked that

1.    A waterman be included in the study and

2.    That someone without an economical interest but an ecological interest be included in the study.

I truly believe if the oyster can be revived in the Chesapeake Bay that the bay can be saved and cleaned but politics are complicated. Do you think the states along the Gulf of Mexico want to see the Chesapeake Bay once again have an oyster industry?

On the 26th of February at the Marine Resources Commission more regulations are going to be put on crabbers because of the decline in crabs but “The Blue Crab Regulatory Review Committee” which has members from both VMRC and VIMS state in their report that:

 “Ongoing losses in submerged aquatic vegetation (SAV) that serves as primary nursery areas for juvenile crabs and reduction of oyster reefs that provide food and refuge for age 1+ crabs evidently impede the growth of this stock.  VIMS indicates there is evidence of high mortality rates of juvenile crabs tied to the loss of SAV, and this loss has a direct impact on recruitment to age 1+.”

Did you know that the oyster can filter the nitrates that are killing this aquatic vegetation?

Think about it. If there are more oysters you will be able to catch more crabs from your pier.

Do you think this hatchery and all studies funded by grants should be for the benefit of all Virginians?

I’m off my soap box now. If you received this newsletter and have a concern about the Bay and the oyster then please forward to this to someone who you think might care.

If you have already moved here you probably know someone who is an oyster gardener. If so please forward this to them.

If you would like to be kept advised about this issue and the Virginia Waterman then please email me

Did you know that other countries have gone through the same problems with the oyster that we face today?

Did you know that they reintroduced the oyster and the biggest problem that occurred was the water quality got too clean?

Did you know that legislators would rather you not know this because then the funding for some polluters might be reduced?

Politics!

Here is a link to my "February Real Estate Update":
This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.
This month's issue includes topics such as:
"Home Selling Tips For Spring Buyer's Market"
"Are You Leaving a Tax Deduction on the Table?"
"Five Reasons Houses Beat Stocks"
"Provide An Honest, Complete Mortgage Application"
"Six Signs It's Time For Home Buyers To Buy"
Plus a roundup of January real estate activity as well as much more advice and information.

Now you can search the MLS and call me please. I need some sells. Local politics don’t pay well.

Have a great day,

Ken
Ken Smith, Joe Self Realty, INC, 32 Hampton Hall Road, Box 410, Callao, VA  22435
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