21–30 of 133 posts
Reminds me of an recent instance where some friends wanted to buy a house, but it had solar panels. The solar panels couldn't be included in the mortgage and my friends couldn't afford to buy them outright along with the downpayment on the mortgage. The house still remains unsold.
Reminds me of an recent instance where some friends wanted to buy a house, but it had solar panels. The solar panels couldn't be included in the mortgage and my friends couldn't afford to buy them outright along with the downpayment on the mortgage. The house still remains unsold.
Very curious where this is? Sounds ridiculous, what jurisdiction wouldn’t include them as part of the house? Utterly bizarre! Also why couldn’t they afford them? Is this the US where the equivalent of a $5000 system elsewhere in the world seems to cost $25K to install for some reason? Even then, with depreciation as long as it’s a couple of years old surely the residual value isn’t that much…?
Earlier quoted context omitted.
Very curious where this is? Sounds ridiculous, what jurisdiction wouldn’t include them as part of the house? Utterly bizarre! Also why couldn’t they afford them? Is this the US where the equivalent of a $5000 system elsewhere in the world seems to cost $25K to install for some reason? Even then, with depreciation as long as it’s a couple of years old surely the residual value isn’t that much…?
There were many dodgy schemes in the UK years ago ("free solar panels! cheap electricity!") where people didn't realise there was a mortgage on the panels for 30 years+ which was now in the deeds of the house and made mortgage companies back out, suspect it's exactly this.
Reminds me of an recent instance where some friends wanted to buy a house, but it had solar panels. The solar panels couldn't be included in the mortgage and my friends couldn't afford to buy them outright along with the downpayment on the mortgage. The house still remains unsold.
Very curious where this is? Sounds ridiculous, what jurisdiction wouldn’t include them as part of the house? Utterly bizarre! Also why couldn’t they afford them? Is this the US where the equivalent of a $5000 system elsewhere in the world seems to cost $25K to install for some reason? Even then, with depreciation as long as it’s a couple of years old surely the residual value isn’t that much…?
> At the root of the problem are cowboy traders who apply the foam without a full survey or appropriate expertise.
Reminds me of an recent instance where some friends wanted to buy a house, but it had solar panels. The solar panels couldn't be included in the mortgage and my friends couldn't afford to buy them outright along with the downpayment on the mortgage. The house still remains unsold.
Very curious where this is? Sounds ridiculous, what jurisdiction wouldn’t include them as part of the house? Utterly bizarre! Also why couldn’t they afford them? Is this the US where the equivalent of a $5000 system elsewhere in the world seems to cost $25K to install for some reason? Even then, with depreciation as long as it’s a couple of years old surely the residual value isn’t that much…?
Earlier quoted context omitted.
There were many dodgy schemes in the UK years ago ("free solar panels! cheap electricity!") where people didn't realise there was a mortgage on the panels for 30 years+ which was now in the deeds of the house and made mortgage companies back out, suspect it's exactly this.
If they were under some kind of borderline-scam scheme like that, yes that would make sense. But that’s very different than just “having solar panels” that the OP said!
> At the root of the problem are cowboy traders who apply the foam without a full survey or appropriate expertise.
I was initially confused when I read it, but I think that ‘trader’ here must be the politically-correct word for ‘tradesman’ (someone engaged in a trade) rather than someone who trades (like a stockbroker).