cap & trade Affects Real Estate TOO


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    Speaker Pelosi’s National Energy Tax: More Mandates, More
    Regulations, More Costs
    Posted by Jessica R. Towhey on June 26, 2009

    Speaker Pelosi?s national energy tax is going to raise electricity
    prices, increase gasoline prices, and ship American jobs overseas to
    countries like China and India. This, we know.

    It would be a bureaucratic nightmare overseen by a confusing web of
    government agencies that would take and redistribute trillions of
    dollars from family budgets and workers payrolls. This, we also know.

    Even Agriculture Committee Chairman Collin Peterson (D-MN) admitted
    in the Washington Post this morning that: ?The truth is, nobody knows
    for sure how this is going to work.? How encouraging.

    But what don?t we know? Here are some facts you may not know about
    Speaker Pelosi?s national energy tax:

    Homebuyers Beware. Trying to save up for a new home? You may have to
    save up a little longer for your purchase. The Democrats? bill would
    dramatically increase new home costs by mandating California?s
    expensive new building codes for the entire nation. Immediately upon
    enactment, the Democrats? bill would demand a 30 percent increase in
    energy efficiency for new construction. A couple of years later, the
    Democrats? bill would require an additional 50 percent improvement.
    These numbers were chosen with no concern for cost to consumers or
    feasibility in implementation.

    Homebuilders Beware. The Democrats? bill imposes new mandatory
    regulations and civil penalties for homebuilders. If your state
    refuses to accept the stringent and costly California building codes,
    the federal government may assess penalties. And don?t get too
    comfortable with the new mandatory regulations because the Democrats?
    bill allows for ?consensus-based? codes to supplant those outlined in
    the bill. So, as soon as you?ve invested your hard-earned money to
    comply with the bill?s mandates, the rug could get pulled from
    underneath you. Translation? You?ll pony up more and more money.

    Home Sellers Beware. Having a hard time selling your home? Here?s
    one more hurdle to jump: all homes sales are conditioned upon an
    energy audit and a new energy rating assessment and energy labeling
    program for your home that?s outlined in the Democrats? bill. And if
    you thought you could improve your property with a fresh coat of paint
    and some granite counters? Think again! Now your home will be
    subjected to a new energy rating assessment and energy labeling
    program that will penalize you for older windows, original fixtures,
    and dated appliances. So the Democrats? bill would bring down the
    value of your home!

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