Did you hear Boehner reading from the 300 page addition to the bill yesterday afternoon? This bill will hit every single household in America in more than just their energy pocket book. It could literally prevent them from ever being able to sell their home.
Included in the wonderful cap and trade that the House passed was all kinds of new requirements that existing homes meet certain green standards (tbd by the Energy Secretary, I presume) before they can be approved for resale. Additionally, appraisers would have to be retrained in order to be able to determine if homes meet these standards, which will cause appraisal fees to rise (usually paid by the seller). So, new home sales will bounce back when it will be impossible to sell your existing home without putting in $75,000 worth of Federally required green improvements. There were no specifics mentioned, but an open door for requiring anything from solar panels, to radiant barriers, insulated windows, increased insulation, more energy efficient HVAC systems. Have you priced that stuff lately? Would you be able to sell your house?
Realtors, you’d better start to lobby the senate to kill this thing, or your days are numbered. If you have plans to sell your house, ever, you’d better start spending your home improvement dollars on energy efficiency, because you’re going to have to do it to sell your house anyway.
Well that definitely qualifies as stupid crap. FR needs to lead the way with a new verb: Getting “pelosied” from the root word “pelosi” meaning railroaded or rushed into having large items inserted into one’s nether regions.
parsy, who will contact the Oxford Dicitonary people.