4 ms·

> or are renting and there is little incentive for landlords to make that investment This is a massive market failure that needs to be addressed

Pepe1vo 4y ago
Definitely, here in the Netherlands a law has recently been passed that mandates that all rented houses should have a minimum energy efficiency rating of D. IMO it should have been a C rating, but at least its something.
- ChuckNorris89 4y ago
  In Austria D isn't really much. Those are basically uninsulated buildings from the 50's. That's a really low bar and I don't know what building can be worse than D. A garden shed maybe? Making D mandatory by law seems like pointless political posturing. But then again I don't know buildings in the Netherlands.
  - Pepe1vo 4y ago
    It's an European standard, so maybe the criteria are different in Australia? My current apartment has an E rating and it has double paned windows everywhere, floor + ceiling insulation and I have neighbours on all side including above and below, meaning not much energy is transferred to outside. Edit: just noticed I misread Austria as Australia (lol), point still stands though, a D rating is not that bad.
  - makomk 4y ago
    I'm not sure how the Austrian system works or what homes are like there or in the Netherlands, but a lot of older homes in the UK can apparently only reach a D even after all the standard insulation retrofits are done. This is especially a problem in areas of the UK that are poorer already.
- ploppyploppy 4y ago
  In the UK it's E
ChuckNorris89 4y ago
>This is a massive market failure that needs to be addressed The entire real-estate market in the west (both buying and renting) is an intentional failure (but economic success for the owners) designed to be a zero sum game to squeeze newcomers and prop up existing landlords, asset owners, and banking profits on the backs of those trying to enter the market. And then western governments wonder why millennials and younger stopped having kids. Because you priced them out of home ownership, that's why. Good luck getting the governments to break this vicious cycle and stop making real-estate an investment vehicle designed for huge returns, and good luck getting existing property owners in voting for policies which will lead to a devaluation of their homes. I feel like if this trend keeps growing, sooner or later, eating the rich will be the only solution.

Pepe1vo 4y ago

Definitely, here in the Netherlands a law has recently been passed that mandates that all rented houses should have a minimum energy efficiency rating of D. IMO it should have been a C rating, but at least its something.

ChuckNorris89 4y ago
In Austria D isn't really much. Those are basically uninsulated buildings from the 50's. That's a really low bar and I don't know what building can be worse than D. A garden shed maybe? Making D mandatory by law seems like pointless political posturing. But then again I don't know buildings in the Netherlands.
- Pepe1vo 4y ago
  It's an European standard, so maybe the criteria are different in Australia? My current apartment has an E rating and it has double paned windows everywhere, floor + ceiling insulation and I have neighbours on all side including above and below, meaning not much energy is transferred to outside. Edit: just noticed I misread Austria as Australia (lol), point still stands though, a D rating is not that bad.
- makomk 4y ago
  I'm not sure how the Austrian system works or what homes are like there or in the Netherlands, but a lot of older homes in the UK can apparently only reach a D even after all the standard insulation retrofits are done. This is especially a problem in areas of the UK that are poorer already.
ploppyploppy 4y ago
In the UK it's E

ChuckNorris89 4y ago

>This is a massive market failure that needs to be addressed The entire real-estate market in the west (both buying and renting) is an intentional failure (but economic success for the owners) designed to be a zero sum game to squeeze newcomers and prop up existing landlords, asset owners, and banking profits on the backs of those trying to enter the market. And then western governments wonder why millennials and younger stopped having kids. Because you priced them out of home ownership, that's why. Good luck getting the governments to break this vicious cycle and stop making real-estate an investment vehicle designed for huge returns, and good luck getting existing property owners in voting for policies which will lead to a devaluation of their homes. I feel like if this trend keeps growing, sooner or later, eating the rich will be the only solution.