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Jeff Brinker

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jkonstant

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Before anybody buys a home, they really need to read and "understand" the American Clean Energy and Security Act of 2009 just passed by the House of Representatives. Most homes available today will not meet the new federal standards for energy efficiency or the new "location efficiency" standards. While few buyers today think about selling later on, they should now more than ever. If the home is not up to the mandated standards getting financing is going to be nearly impossible. Be prepared to spend thousands and thousands when it becomes time to sell.
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July 02 - US
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K101

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Holy crap.
Now you tell me.......  (just kidding).
Looks like I will have to do some reading once I get my stuff moved in. 8)
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July 02
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White Picture

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Not to mention, what if the tsunami, earthquake, landslide, volcano, etc.... happen in your area or the ones, who buy your house in next 10 years gonna lost their jobs at the 11th month of the 9th year, many things may happen, which are you don't expected.
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July 02
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falsedawn

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Jk - you are being a little bit sensationalistic, I think. It'll probably end up being analagous to "hybrid cars". They hardly caused people to panic and get rid of their 2 ton gas-guzzlers, did they?
The sheer number of older houses that won't meet this standard is likely to make it more of a posturing move than anything substantive.
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July 02
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Bette Defarm

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While the OP has led me to many fascinating articles (thanks for bringing it to our attention, jkonstant) I can't find anything addressing home standards. Anyone else having any luck?

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July 02
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sunnyview

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I got nothin' but this here. Must still be too new to google well. jk do you have a link that you could post?
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July 02
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mysql

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The act being discussed says that you cannot sell a house unless it meets specific guidelines. This will prevent banks from offloading houses as-is, as they have to make sure the homes are repaired and up to standards. However this will impact any home owner who wants to sell their house as well. It might make bulldozing homes a more attractive option, and that would reduce excess inventory. So the housing crisis is resolved!

</s>
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July 02
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Bette Defarm

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Sunny,

 That was exactly the sort of link I was hoping someone would post. I missed it entirely, thanks!
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July 02
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nvchaz

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I read the summary here:

http://www.opencongress.org/bill/111-h2454/show

Didn't see the OP's assertation or implication. Is it hidden somewhere?
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July 02
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jkonstant

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Try this link. In particular section 286 I think. Summaries are for the NY Times and Washington Post.

http://thomas.loc.gov/cgi-bin/query/D?c111:3:./temp/~c111tEb3pM::

"Sensationalistic". I doubt it. Look at the electric car language and how you will be monitored when you charge up or how homes will be built with charging systems. HOA's will no longer be able to keep their no solar rules.

It's unreasonable to expect the Zillow community to read the whole document considering the House members didn't. I read it and don't fully get it all. Yet. I do know that a lot of additional power has been granted to several existing agencies and the new expanded beaurocracy.
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July 02
 

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