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At the end of the day, the majority of these homes being financed are obsolete in terms of energy-efficiency. Energy costs will be the main concern. We need t
by chopsueyar 15y ago
At the end of the day, the majority of these homes being financed are obsolete in terms of energy-efficiency.
Energy costs will be the main concern. We need to cool or warm our air, heat our water, refrigerate our food, and mechanically dry our clothing.
If prices were to diminish as you speculate, the real cost of home ownership would be property taxes, utilities, and maintenance.
How many of these homes built in the last 30 years will last another 30 years?
What does it cost to cool a poorly insulated wood-frame 2000sqft house? What will it cost to cool in 10/20/30 years?
- kd0amg 15y agoEnergy costs will be the main concern. We need to cool or warm our air, heat our water, refrigerate our food, and mechanically dry our clothing. Housing around here is not particularly expensive, but the house's gas bill peaks a little over a tenth of the rent in an Upper Michigan winter, and the electric bill doesn't really get near that peak. There would have to be some pretty significant change before energy costs were that much of a concern.