GOVEROTRAGEOUS: Big Brother raises the cost of buying a house

http://www.foxnews.com/tech/2018/05/05/california-expected-to-mandate-solar-panels-for-new-homes.html

California expected to mandate solar panels for new homes
By Amy Lieu | Fox News

*** begin quote ***

The California Energy Commission will vote on the new solar energy standard Wednesday, Southern California News Group reported.

“California is about to take a quantum leap in energy standards,” Bob Raymer, technical director for the California Building Industry Association, told the newspaper. “No other state in the nation mandates solar, and we are about to take that leap.”

The proposed solar standards would add about $25,000 to $30,000 to the cost of home construction, said C.R. Herro, Meritage Homes’ vice president of environmental affairs, according to the report.

But the cost should result in a savings of $50,000 to $60,000 over 25 years, he said.

*** end quote ***

So it sounds like, from the individual buyers pov, it’s a wash.  What’s the time value of money?  And, how much do they “save” by buying versus renting?

The Gooferment puts the house out of reach price wise.  

You can think about it like you have to buy the house with the extra option.  Even if you don’t “need” it to get in the door or can afford it.

The ego of the politicians and bureaucrats is amazing and will keep people “poor” and renting.

Argh!

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