Thursday, December 3, 2009
Will Cap and Trade Abolish Your Home Equity Value?
Jim Crum had sent me a copy of the Cap and Trade bill. Notice section 202, which creates a federal regulatory authority over home energy standards. The authority could not be controlled by state or local government. What would stop the regulator from establishing insulation standards that are so expensive that your home equity is reduced or eliminated? What would stop them from establishing regulations that force homeowners in rural areas to move to cities, creating large, empty parks regions? Might Congressman Hinchey's recent proposal to turn the Hudson Valley into a federal park dovetail with section 202 of the Cap and Trade proposal?