ANOTHER NAIL IN OUR INDUSTRY'S COFFIN?

By
Mortgage and Lending with INPAC Enterprise

American Clean Energy and Security Act of 2009:

Why I am worried!!

Sect. 202: Building Retrofit Program mandates a national retrofit program to increase the energy efficiency of all existing homes across America.

Beginning 1 year after enactment of the Act, you won't be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act.

Beginning 1 year after enactment of the Cap and Trade Act(ie: "American Clean Energy and Security Act of 2009"), you won't be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act. H.R. 2454, the "Cap & Trade" bill passed by the House of Representatives, if also passed by the Senate, will be the largest tax increase any of us has ever experienced.

No one is excluded A year from now you won't be able to sell your house UNLESS:

You have enough money to make required major upgrades to your home, then you can sell it. But, if not, then forget it. Even pre-fabricated homes ("mobile homes") are included.

• In effect, this bill prevents you from selling your home without the permission of the EPA administrator.

• To get this permission, you will have to have the energy efficiency of your home measured.

• Then the government will tell you what your new energy efficiency requirement is and you will be forced to make modifications to your home under the retrofit provisions of this Act to comply with the new energy and water efficiency requirements.

• Then you will have to get your home measured again and get a license (called a "label" in the Act) that must be posted on your property to show what your efficiency rating is; sort of like the Energy Star efficiency rating label on your refrigerator or air conditioner.

• If you don't get a high enough rating, you can't sell. And, the EPA administrator is authorized to raise the standards every year, even above the automatic energy efficiency increases built into the Act.

• The Act itself contains annual required increases in energy efficiency for private and commercial residences and buildings.

• However, the EPA administrator can set higher standards at any time.

Sect. 204: Building Energy Performance Labeling Program establishes a labeling program that for each individual residence will identify the achieved energy efficiency performance for "at least 90 percent of the residential market within 5 years after the date of the enactment of this Act."

Sect. 304: Greater Energy Efficiency in Building Codes establishes new energy efficiency guidelines for the National Building Code and mandates at 304(d), Application of National Code to State and Local Jurisdictions, that 1 year after enactment of this Act, all state and local jurisdictions must adopt the National Building Code energy efficiency provisions or must obtain a certification from the federal government that their state and/or local codes have been brought into full compliance with the National Building Code energy efficiency standards.

I feel this is: Another NAIL IN OUR INDUSTRY'S COFFIN!!

If your tired of being placated to and ignored - follow my example:

If they're currently in they're out!!

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Rainmaker
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Tamra Lee Ulmer
Arizona Resource Realty - Payson, AZ
FORCE~NRBA ~ Over 1000 REO Assets SOLD!

I agree with you on the nail in the coffin. This is an interesting article indeed!

May 20, 2010 09:17 AM #1
Anonymous
Karen Burgh

Communist law is here. 

May 21, 2010 07:29 AM #2
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