Comment Re:What high energy prices? (Score 1) 380
What Fred said.
(With only 1 outside wall with few windows, the supposed jerk's ability to waste energy is limited anyway.)
A commercial landlord who's "paying the heat & A/C" on 100+ units has ample incentive, opportunity, & economies of scale to upgrade the energy efficiency. We're not talking about busy homeowners who don't understand cashflow strategy.
This rental market is neither tight nor immobile - raising the rent will raise the vacancy rate.
If energy prices rise enough to force $100 more per month onto my apartment rent, then the fools in those miles of McMansion sprawl will be seeing $1000+ monthly utility bills. It seems safer to be renting when the real estate market bubble pops.
(With only 1 outside wall with few windows, the supposed jerk's ability to waste energy is limited anyway.)
A commercial landlord who's "paying the heat & A/C" on 100+ units has ample incentive, opportunity, & economies of scale to upgrade the energy efficiency. We're not talking about busy homeowners who don't understand cashflow strategy.
This rental market is neither tight nor immobile - raising the rent will raise the vacancy rate.
If energy prices rise enough to force $100 more per month onto my apartment rent, then the fools in those miles of McMansion sprawl will be seeing $1000+ monthly utility bills. It seems safer to be renting when the real estate market bubble pops.
