A Blow to Home Retrofits – Green Blog – NYTimes.com
by Handsome Matt
As I’ve stated before, I’m an advocate for smart governing practices. Establishing regulations that foster a free market, develop competition, and nudge people towards the right decisions.
This is a huge step BACKWARDS!
Retrofitting a home with environmentally friendly products cuts down on the costs associated with building a new home.
Consider it this way. The environmental cost (factoring in everything) of building a new home is 100. Completely arbitrary I know, but it makes the example easier.
At worse, retrofitting a home is 99. It still costs less environmentally to retrofit a home, then it does to build a new one.
Lastly, I don’t think Freddie Mac and Fannie May should be saying anything beyond “we’re sorry for screwing up the economy” let alone offering advice on what the impact of a loan will be!