The Cap and Trade Bill is Bad For The Housing Market & Sellers Wallets

By
Real Estate Broker/Owner with brokerforyou.com CA Lic#00706331

As part of The Cap and Trade Bill HR 2454, The American Clean Energy and Security Act of 2009, adds another layer of conditions for selling personal real estate (your home) in the United States.

The American Clean Energy and Security Act, a whopping 1,200+ pages defining a cap-and-trade program for greenhouse gas emissions, a federal renewable electricity mandate, and a suite of new mandatory energy efficiency standards, imposes 397 new federal regulations and 1060 mandates on an American public already overwhelmed by extensive federal regulations. Written in there is a requirement for all home sales to be conditioned upon an energy audit and an energy rating assessment labeling program. How much additional selling costs will all sellers now be required to pay to comply with the proposed requirements?

Congressmen Ron Paul, on 6-29-09 said:

“The Cap and Trade Bill HR 2454 was voted on last Friday. Proponents claim this bill will help the environment, but what it really does is put another nail in the economy’s coffin. The idea is to establish a national level of carbon dioxide emissions, and sell pollution permits to industry as the Catholic Church used to sell indulgences to sinners. HR 2454 also gives federal bureaucrats new power to regulate a wide variety of household appliances, such as light bulbs and refrigerators, and further distorts the market by providing more of your tax money to auto companies.”

Just like the TARP bill, this is all happening too fast. Anyone who thinks that Washington can craft a respectable bill in this short period of time is dreaming. The specifics of the bill aren’t being publicly discussed. The Democrats are trying to push this through so fast no one will know what hit them. The media is complicit in this. This is not the time to increase energy costs, either.

Kansas City Power & Light said the bill will force them to buy so many carbon allowances for coal that electricity rates could rise 50 percent by 2012, and another 70 percent by 2020.

Let’s get some positive economic growth first, not minus 6.6%, before we kick in some expensive program/tax.

Over 7,000 climate scientists have spoken out and signed a petition that states “climate change” is NOT caused by man, more than the number of scientists who wrote the UN charter on the topic.

This, along with the “stimulus” and “health care reform” is able to succeed to a degree because the American people are, for the most part, sheep who demand to be led, do not care to be involved in the process, do not care to know what is happening in their government, do not care to act on their own behalf and figure that Obama is more intelligent than they are. In fact he is leading them down the road to higher taxes, higher inflation and higher costs on all natural resources, all because of a false theory that curtailing carbon emissions can make a difference.

Kim Strassel, published in the (June 2009) Wall Street Journal:

“Among the many reasons President Barack Obama and the Democratic majority are so intent on quickly jamming a cap-and-trade system through Congress is because the global warming tide is again shifting. It turns out Al Gore and the United Nations (with an assist from the media), did a little too vociferous a job smearing anyone who disagreed with them as ‘deniers.’ The backlash has brought the scientific debate roaring back to life in Australia, Europe, Japan, and even if less reported, the U.S.”

“In April, the Polish Academy of Sciences published a document challenging man-made global warming. In the Czech Republic, where President Vaclav Klaus remains a leading skeptic, today only 11% of the population believes humans play a role. In France, President Nicolas Sarkozy wants to tap Claude Allegre to lead the country’s new ministry of industry and innovation. Twenty years ago Mr. Allegre was among the first to trill about man-made global warming, but the geochemist has since recanted. New Zealand last year elected a new government, which immediately suspended the country’s weeks-old cap-and-trade program.

“The number of skeptics, far from shrinking, is swelling. Oklahoma Sen. Jim Inhofe now counts more than 700 scientists who disagree with the U.N. — 13 times the number who authored the U.N.’s 2007 climate summary for policymakers. Joanne Simpson, the world’s first woman to receive a Ph.D. in meteorology, expressed relief upon her retirement last year that she was finally free to speak ‘frankly’ of her non-belief. Dr. Kiminori Itoh, a Japanese environmental physical chemist who contributed to a U.N. climate report, dubs man-made warming ‘the worst scientific scandal in history.’ Norway’s Ivar Giaever, Nobel Prize winner for physics, decries it as the ‘new religion.’ A group of 54 noted physicists, led by Princeton’s Will Happer, is demanding the American Physical Society revise its position that the science is settled. (Both Nature and Science magazines have refused to run the physicists’ open letter.)

“The collapse of the ‘consensus’ has been driven by reality.”

Scientists – the ones without a political agenda – have shown that solar activity correlates with temperature changes. In fact, it correlates stronger to changes than CO2 does, and changes in CO2 levels FOLLOW changes in temperature by about 800 years. The only reason that CO2 and temperature would be increasing at the same time NOW is that temperature increased about 800 years ago. By the way, temperatures have been decreasing for a couple of years now.

It appears that the government is more concerned about the appearance of making changes and are thus, creating these massive documents that no one can possibly read and digest. Don’t be naive enough to think we are being saved from disaster; one is being created. France has a better idea called nuclear power.

Read more of Bob's 'tell it like it is' real estate opinions & subscribe to his free RSS feed at:San Diego real estate blog Also visitSan Diego real estate & San Diego real estate agents

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  1. Ryan Shaughnessy 07/03/2009 07:23 PM
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Ambassador
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Ralph Gorgoglione
Maui Life Homes / Metro Life Homes - Kihei, HI
Hawaii and California Real Estate (800) 591-6121

Well, I suppose the alternative of waiting to try and creat the "perfect" answer would be even more disastrous.

Jul 03, 2009 05:38 PM #1
Rainmaker
618,062
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

the cap and trade bill is a total disaster for every american and it will hurt us all. this rush to get this through proves how wrong it is... they do not want anyone to have time to understand the ramifications of this govenrment intrusion into all of our lives.

People selling their homes will have to bring it up to the green code enforced by our government... what is going on here? no one will be able to sell their homes... what about the widow who needs to sell her home and doesnt have the money to upgrade to the green code the government mandates.

this is not good and people need to start speaking up before it is too late!

Jul 03, 2009 05:44 PM #2
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
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This is a hot topic. I wrote about how our real estate businesses will be effected by cap and trade and how buyers and sellers would also be effected. That post garnered over 210 comments in just 2 days. Cap and Tax is the micro managing and stripping of liberties beyond anything we can imagine.
The worse part as always is that this bill was 1300 pages long and just moments before the vote the 300 more pages get added. No one read the bill. How do you vote yes on something you don't read? It is dangerous and people need to wake up.

No one is going to mandate to me what kind of light bulb I get to use, especially when the only light bulbs we will in the future be able to buy are from Government Electric. GE. And who is in bed with the Pres but GE and who does GE own? Most of the media! This is so disgusting. This is not capitalism, this is fascism. Al Gore would become the first green billionaire and people are OK with that? It would be one thing if he makes billions from a free market, but he is doing it through legislation! Fascism, not free market. Katerina

Jul 03, 2009 06:31 PM #3
Ambassador
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
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And there are studies that they don't want us to know about, that when they are brought up, they are dismissed or shunned. These studies show that humans create only .2% of the carbon emissions. Carbons are at an all time low. Dangerously low, and government and environmentalists want to make it lower? Did they forget vegetation needs carbon?

Jul 03, 2009 06:33 PM #4
Rainmaker
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Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

This is a horrific bill, any increase in energy costs would be catostrophic to the economic conditions.  If this law passes, what effect will it have in other countries?  NONE, so they would continue polluting, read Lane Bailey's post from yesterday about this!  It is eye opening!

Jul 03, 2009 06:43 PM #5
Rainmaker
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Cameron Novak
The Homefinding Center - Corona, CA
Featured Corona Real Estate Agent Team

I think Ralph is Canadian.

Answer??? What's the question Ralph?

Jul 03, 2009 08:07 PM #6
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