Cap and Trade Could Severely Hurt Real Estate Recovery

I stumbled on this blog, and it has some great info. If this is passed it will seriously slow down the housing recovery, and thus the overall economic recovery. Something like 25% of Americans are upside down already, do you really think they’ll be able to sell their homes if they also have to throw in an additional $5k to meet required energy efficient standards? It’s one thing if a buyer wants to do it for their own enjoyment and energy savings, but to make it required for everyone in the middle of a recession? That’s just plain stupid.

• Let’s put a cap in Cap and Trade

• This Cap and Trade Deal could have a huge impact for the real estate market.Here are a few of the highlights:

  tags: cap and trade, obama

  • Cap and Trade (Waxman-Markey) bill
  • The bill will give Obama and friends the right, no the mandate, to enter your home and inspect it before you’re "allowed" to sell your home.
  • Your home, your little piece of privacy, will need to be evaluated by a certified government inspector to gage how friendly it is to our environment. If your windows are drafty, you very well might have to replace them before a sale would be "permitted". If your furnace is old, better find $4k laying around to replace it. Inefficient refrigerator? I see a trip to Lowes in your near future. If you don’t feel like updating the home per your new, even bigger brother’s request, that’s no problem really. You just won’t be allowed to sell your home.
  • the bill specifically calls for the inclusion of an outlet in every garage that would be capable of charging your electric car