Photo is of my home in Superior, built in 1900 and getting as much rehab as I can do in 2019 and beyond. Note the amount of insulation.
In an attempt to address energy efficiency, the Minneapolis City Council is poised to consider adding new burdens on the sale of residential homes. Specifically, a blower-door test and a two-inch hole drilled on the inside of an exterior wall would tell prospective buyers new information about the home they are purchasing. If implemented, I worry that this will lead to more difficult real estate transactions, lower home values, and possibly even a net loss in energy output.
While my time living in Minneapolis has drawn to a close and my time owning property there also nears an end, that doesn't mean my connection to the city is severed and never to be restored. A future job, relationship, or investment opportunity could always take me back to the Twin Cities at some point. And a regulation like this would make me less likely to make that investment in this fair city.
We'll get into the broader market impacts, but first on a personal note...