Economy and Economics

Earlier this month we aired a story from Sandy Hausman about AirBnB in Richmond - and how the home-sharing experience is, essentially, illegal there. Another Virginia city, however, has recently embraced the trend.

AirBnB has never exactly been ‘illegal’ in Roanoke, but when the idea of short-term rental was blooming, the City didn’t know what to make of it. River Laker was one of the first in Roanoke to register on AirBnB:

New Life for Tobacco Commission

Jul 23, 2015

In its 16 years, the Tobacco Commission has had a lengthy history of, well, slaps on the wrist. Created to distribute the state’s share of a national tobacco settlement in Southside and Southwest Virginia, members have been accused of playing a number of political and financial games under the guise of the commission’s intent. However, a few recent changes might have put the commission back on track.

While Israeli leaders have voiced their displeasure about the Iran nuclear deal amidst already strained relations with the U.S., some have wondered if that dynamic has had any impact on Virginia's business relationship with Israel. 

Virginia-Israel Advisory Board Executive Director Ralph Robbins says here, officials don't have to get too much into politics, and economic development transcends any politics at the higher levels.

Karl and Hari Berzins, along with their two children, live in a tiny home in Floyd County. Their whole home is smaller in square footage than the average living room. Much of the material is reclaimed: the roof, siding, and interior wood. In part two of our tiny home visit, we learn no space goes unused.

 

In 1974 the average new home in the U.S. was just shy of 1,700 square feet. By 2014 the average new home size was over 2,600 square feet.  Even with that trend there is an opposing one where homes are shrinking to sizes smaller than the average living room.

Today, we meet Karl and Hari Berzins who, along with their two children, live in a Floyd County home that's only 8 feet by 21 feet in total size.

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