Could be solved with more free markets. What a funny phenomenon this is: "reluctance to make even basic upgrades" -- landlords don't care because they have too much market power and aren't even attempting to compete with each other. Imagine if car makers didn't bother with fuel efficiency because buyers had almost no choice and any car is better than nothing. We'd say that market isn't functioning well. Perhaps the p…
Most renters shut out of energy-saving upgrades – study
11–20 of 113 posts
Re: Most renters shut out of energy-saving upgrades – study
#12Earlier quoted context omitted.
You would certainly need to be a serious long-term renter. I purchased a home with a walk-out basement (brick exterior, cinder block foundation, >80% above grade). As it turned out, the prior owners had pulled a fast one and faked their framing with 1x4s and added no insulation. Our monthly power bills ranged from 400-500$ on a 2,000 sqft home. I spent most of last year gutting the interior of the basement, framing,…
[flagged]
Re: Most renters shut out of energy-saving upgrades – study
#13Earlier quoted context omitted.
You would certainly need to be a serious long-term renter. I purchased a home with a walk-out basement (brick exterior, cinder block foundation, >80% above grade). As it turned out, the prior owners had pulled a fast one and faked their framing with 1x4s and added no insulation. Our monthly power bills ranged from 400-500$ on a 2,000 sqft home. I spent most of last year gutting the interior of the basement, framing,…
[flagged]
Re: Most renters shut out of energy-saving upgrades – study
#14Could be solved with more free markets. What a funny phenomenon this is: "reluctance to make even basic upgrades" -- landlords don't care because they have too much market power and aren't even attempting to compete with each other. Imagine if car makers didn't bother with fuel efficiency because buyers had almost no choice and any car is better than nothing. We'd say that market isn't functioning well. Perhaps the p…
Re: Most renters shut out of energy-saving upgrades – study
#15How many renters would even want to replace appliances, get new insulation installed, get all their lights replaced, etc.? I had a bunch of work done after a kitchen fire in my house and it did genuinely cut my electrical bill. It also cost a lot of money and is something I wouldn't have done by choice especially in a rental property.
Insulation upgrades are heavy remodel jobs: Opening the walls requires people to leave the space for the duration of the job. Even if you can stack contractors back to back perfectly it's still a lot of time and displacement.
These things usually happen between renters when the space is vacant. In larger units you can some times shuffle renters between similar spaces but it's a huge pain and they usually don't want to do it.
Re: Most renters shut out of energy-saving upgrades – study
#16Could be solved with more free markets. What a funny phenomenon this is: "reluctance to make even basic upgrades" -- landlords don't care because they have too much market power and aren't even attempting to compete with each other. Imagine if car makers didn't bother with fuel efficiency because buyers had almost no choice and any car is better than nothing. We'd say that market isn't functioning well. Perhaps the p…
If most landlords have newly updated units on the market for $2000/month and someone tries to rent a similar unit untouched since 1970 for $2000/month, that unrenovated unit is going to sit on the market for a very, very long time.
Re: Most renters shut out of energy-saving upgrades – study
#17How many renters would even want to replace appliances, get new insulation installed, get all their lights replaced, etc.? I had a bunch of work done after a kitchen fire in my house and it did genuinely cut my electrical bill. It also cost a lot of money and is something I wouldn't have done by choice especially in a rental property.
Replacing kitchen appliances is a quick job for common pieces like refrigerators. Most other kitchen appliances can be done in a day even if they're built-in as long as you get something that occupies the same space. Insulation upgrades are heavy remodel jobs: Opening the walls requires people to leave the space for the duration of the job. Even if you can stack contractors back to back perfectly it's still a lot of…
Re: Most renters shut out of energy-saving upgrades – study
#18Considering that tax credits cover only 1/3rd of the materials (not the installation) and have hard caps of 1,500 it should come as no surprise that landlords don’t care and won’t cover improvements. They’re not paying the power or suffering the cold at the end of the day.
This article is silly.
Re: Most renters shut out of energy-saving upgrades – study
#19Re: Most renters shut out of energy-saving upgrades – study
#20Earlier quoted context omitted.
Replacing kitchen appliances is a quick job for common pieces like refrigerators. Most other kitchen appliances can be done in a day even if they're built-in as long as you get something that occupies the same space. Insulation upgrades are heavy remodel jobs: Opening the walls requires people to leave the space for the duration of the job. Even if you can stack contractors back to back perfectly it's still a lot of…
Some things are less standardized than others. That said my kitchen was totally redone after a fire. Dishwasher was basically a 1 for 1 replacement pre-fire but everything else had to be redone.
It's rare to have a kitchen appliance that requires a specialized space that you have to build the kitchen around. Unless you're dealing with odd very high end appliances, a skilled installer can almost always find something from the local home store that fits into the old space.
(Source: Time spent in construction and renovation)