Just what the U.S. needs. More help from the government. A proposed new law
contains 397 new regulations. One of them would affect almost everyone who buys or sells a home. If Waxman-Markey becomes law, homes for sale that qualify as ‘federally related transactions’ — which is almost all of them — would be required to undergo an environmental inspection. . . .
Compliance with new energy-efficiency standards would make homes, especially older ones, more expensive. Selling one’s home would become even harder than it already is in this down market. . . . The result could be the end of fixer-upper homes.
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