It was in the news today that the bills nation wide are doubling. Has to do with higher energy costs.
great point tpark!
http://www.mysanantonio.com/business...s.257c3af.html
It was in the news today that the bills nation wide are doubling. Has to do with higher energy costs.
Wait a minute. Weren't you blasting the AT&T Center for trying to be more energy efficient?
T Park cares about putting money in his pocket, not Holt's.![]()
Great article. Remind me to invest in that guy's business...
I would note that this is simple economics."You can pay now with a fixed-rate mortgage or you can pay later in energy costs," Sierleja said. "You're kind of playing the future in that you're locking in that mortgage rate now while energy prices will probably rise."
Last month, CPS Energy trustees approved a 5 percent increase in electric rates. It still needs to be approved by the City Council.
There's also the possibility that as green building catches on and becomes the norm, more value will be placed on houses with energy-efficient features.
"I suspect that a few years from now, the houses which have demonstrated energy savings are going to be valued higher than the houses that don't," said Fetzer, of Superior Insulation Systems. "How marketable is your house going to be if it can't compete with other green homes?"
We already see a similar phenomenon in the way used cars are valued. Try to sell that 8-10mpg big-ass truck you have and you will see what I mean.
Resale/used prices for gas-efficient vehicles, like hybrids or smaller trucks/cars are far above those of their larger, gas-guzzler cousins, in terms of % of original cost.
I have been looking for a used Toyota Corolla, a vehicle that got the best gas mileage in it's size class last year, and have not had a whole lot of luck finding one cheaply.
The asking price for a one or two year old Corolla is not that far below that of a brand new one, which is very unusual.
it's been like that for the last 3-4 years. at auction especially, fuel efficient cars are bid way up over their actual value, and trucks/SUVs can be had cheaply.
I'm in the market right now trying to steal a slightly used Navigator or Hard Loaded Expedition. RETAIL on low mile rigs that were worth $40,000 six months ago is around 16-17K now...I can't imagine what the people were thinking when they sold/traded them in for NOTHING and bought another car at 1.25 book just to get another 8 or 10 miles a gallon...
There are currently 1 users browsing this thread. (0 members and 1 guests)