I'm house shopping and have some reservations about buying the biggest suburban house I can afford. Here are the facts that concern me:
1) Energy costs are high.
2) Whether the U.S. comes up with more alternative energies or just keeps using the traditional sources, costs can go nowhere but up. (Coal, oil etc. are still available but harder and more expensive to get out of the ground; and windmills, solar, etc. are going to require big up-front investments that are going to make these forms of energy expensive too.) So energy costs can only go up.
3) Big houses will have huge utility bills 30 years from now, so demand for big houses will probably plummet as fewer people will be able to afford their long-term expense.
Will anyone want my big house if I try to sell it 30 years from now?
2007-07-01
09:59:16
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7 answers
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asked by
Anonymous
in
Business & Finance
➔ Renting & Real Estate
I should explain that the reason that coal and oil can only get more expensive is that these resources have already been mined for decades. The easy-to-access stuff has been mined; what's left is the more difficult (and hence more expensive) stuff.
2007-07-01
10:01:26 ·
update #1