Wednesday, September 23, 2009

Saving the world, one apartment at a time

There are always unintended consequences to any law, bill, or mandate that Congress passes.  Waxman-Markey is no exception, except that the consequences are easier to see.

Inspections are not free. Nor is fixing the inevitable violations. Compliance with new energy-efficiency standards would make homes, especially older ones, more expensive. Selling one’s home would become even harder than it already is in this down market if Waxman-Markey-style cap and trade becomes law.

And that is just one of the unintended consequences.

Suppose you have a window that isn’t quite airtight or your appliances are a little too old. Maybe they’re not Energy Star certified. You’d have to replace them before you would be allowed to sell your home.

The result could be the end of fixer-upper homes; surely, this is not what Congress has in mind. Some families prefer to buy a home in less-than-stellar condition on the cheap and make repairs and upgrades themselves.

Read more: Here