Saturday 12 November 2011

Can This Happen in America?

It's the summer of 2012, and congratulations, you just received that promotion and the raise that goes with it. You and your wife are expecting your first child making the eighty year old bungalow you purchased four years ago seem small today.

You decide you want to sell your home and find a new home that will comfortably fit your growing family for the years to come. You're happy, and excited about the future.

You call your Realtor that sold you your home to now help you sell. The agents asks you, do you have your EPA license to sell yet?

You ask what's that? The agent explains the Cap and Trade legislation passed in 2010 requires all homeowners to get a license from the EPA before you can transfer the title to a new owner.

You ask how do you do that? The agent tells you to hurry and get on the waiting list because it's taking EPA four to six weeks to schedule an appointment to perform their audit.

You ask, what type of audit? The agent says, an energy audit. Your insulation, windows, doors, roof, furnace, air conditioner, hot water heater, and appliances must meet EPA required efficiency levels before you can sell.

Your heart sinks. The excitement of moving is disappearing. Your furnace works fine, but is 35 years old. The air conditioner works well too but is fifteen years old. The windows are the original, but have storms and screens. Will that be enough? You have no idea about the insulation. Your appliances, and water heater are only five years old, so they should be OK.

You schedule your energy audit, and bad news. You have to add insulation, replace your furnace, air conditioner, and windows before you can qualify for your EPA license to sell your home. The $350 fee for the audit must be paid now, and the $250 fee to EPA to reinspect must be paid upon return.

The insulation bid didn't turn out too bad, only $1,100. The furnace and air bid, with combo discount, is $4,800. The windows are another issue. Due to the age of your home every window must have a lead paint test before a bid can be calculated.

The charge for testing your fourteen windows comes in at $700 ($50 apiece). Bad news, there's lead paint. Due to the new lead paint remodelers law that went into effect way back on April 22, 2010 the cost per window is now $800 instead of $200.

This is because the contractor must encapsulate the entire interior room where each window is being replaced, and for six square feet around the exterior of each window before they can be removed. Failure to do so by the contractor is punishable by an over $10,000 fine per window.

You and your agent get back together to discuss listing your home so you can make that big move. You review the list of improvements the government is requiring before you will be allowed to sell your home. After paying $1,050 for fees and testing here's your totals; windows $11,200, insulation $1,100, furnace and air $4,800 for a total investment of $17,100 before the government will allow you to sell your home.

You ask the agent if you spend the money will you be able to recover the cost in your sale price. The agent says, regrettably no. Due to the slower market, and diminished demand for homes caused by all the new government mandates, prices have fallen. The probable sale price of the home you paid $110,000 for four years ago is at best $115,000.

The agent says, of course that's before any selling fees come out of the sale price. So, what's your payoff? You say we used FHA and only put 3.5% down when we purchased so our payoff is $101,280.

The agent does some quick calculations, and asks; do you have the money to pay for the $17,100 it will take to get your EPA license to sell? Because IF you sell for $115,000, after your mortgage is paid off, property taxes are prorated, brokerage fees paid, and other expenses you will net $2,220 from the sale.

You and your wife decide that second bedroom is plenty big for the baby when she or he arrives.

Can this happen in America? The EPA lead paint rules already are in effect. The EPA license to sell your home is contained in the bowels of proposed Cap and Trade legislation.

My apologies to you Climate Change believers, but Climate Change is at best a gross exaggeration, and at worst a fraud, and surely is being exploited to use as a tool to grant more government power and control over every Americans life.

The insanity must stop. Take a stand against economically devastating, liberty stealing Cap and Trade legislation that is based upon a ruse.

Please don't call this potential reality fear mongering. You on the left and in the media do so every time when the truth is exposed, just as you did with other disastrous legislation like Obamacare, which is proving daily to be the reality you claimed was simply, fear mongering. Get your head out of the ideological sand.

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