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| Economy |
| Cap-and-trade will depress home prices |
| 2009-09-23 |
| Posted by:tipper |
| #3 I recently talked to a builder about building on my own land, a nice professional (A real on) and he told me just a slab would cost 15 grand. I thanked him and said No thanks. My Grandmother's old (Improved) Home was a two room and a dog trot , build date unknown but likely civil war, it was on Brick piers about 4 feet off the ground and still stands today (Tumbled in because my uncle waned the 12 inch wide heart pine floors and cut them out) Now THAT"S longevity. |
| Posted by: Redneck Jim 2009-09-23 16:32 |
| #2 Most of the price of a home is the inflated price of Land (as the cost of building as remained static). High land prices (relative to wages) are not a public good. Inflation in Land prices and thus a fall in land affordability is not economically beneficial either. |
| Posted by: Bright Pebbles 2009-09-23 13:30 |
| #1 The article is mostly about a proposal to require all homes sold to be inspected and meet some arbitrary standard of energy conservation. When I check for energy conserving windows for my old shack, they cost $1,000 each, and I would need to replace 9! That's just for the windows. The proposal doesn't pass the laugh test. Most likely it was inserted by a legislator influenced by a home renovation lobbyist. Home prices are artificially inflated and unrealistic in most of the country, in any case. Those prices NEED to fall. However, C&T will generally depress the economy even further than it already is. |
| Posted by: Anguper Hupomosing9418 2009-09-23 13:13 |