The Tribune reported today that the County is looking at requring homes in Los Osos to be retrofitted with low-water fixtures and toilets when the home is sold because of the water concerns in Los Osos.
There is also a Bill in the Assembly that the California Association of Realtors (CAR) is opposing.
AB 2678 will require a state agency to set up a process to require point-of-sale energy efficiency audits that will cost up to $400 and ultimately will require point-of-sale energy efficiency retrofits that may cost thousand of dollars.
Here are CAR’s reasons for the opposition:
– AB 2678 will hurt your business. Heaping costly requirements on all sales will slow every residential AND commercial transaction, further weakening the real estate market and the economy.
– Point-of-sale approaches take too long. Research shows that only 22% of the properties most in need of energy efficiency retrofits will actually be sold by 2020. AB 2678 will be grossly ineffective in achieving its goals.
– AB 2678 will hurt housing affordability. The mandatory audit and retrofit requirements ultimately created could add THOUSANDS of dollars to every transaction. And every $1,000 increase in the price of a home disqualifies 26,600 families from owning.