RT, nothing on a house yet. It is, unfortunately, a seller’s market par excellence right now. Properties are only listing for 2 or 3 days right now, with multiple offers being submitted for each, and selling prices averaging more than 100% of asking prices. I don’t want to get locked into a home I don’t really want just because I feel like I have to jump on it right away. Our mortgage approval is good for six months, and if we go beyond that we just have to re-apply with a cursory set of procedures. No biggy. Thanks for asking!
Anyhoo, sticking with the specific issue of cars, I’m well aware of the cost of road building. But extending Metro won’t be cheap, either. I can’t even fathom the cost of extending the Orange Line out to Dulles, or adding a stop in Tysons, or many of the other proposals we’ve seen. It ain’t gonna be cheap, is all I’m saying, and I hope people are prepared for that.
With the fleet mileage issue, absent some major breakthroughs in the science of the internal combustion engine, there are only a few ways to improve mileage standards. Let’s say we do start making all passenger vehicles, including SUVs and light trucks, subject to the CAFE numbers and simultaneously raise those numbers. Some possibilities:
–Make the cars lighter. That’s the quickest way to improve mileage, but it means using less steel and more plastic in the body of the car. Even taking SUVs out of the picture, this can mean a huge decrease in safety. There’s a constant tradeoff between vehicle size/construction and safety, and at a certain point it becomes nonbeneficial.
–Make the car use less power. This means decreasing the number of options: power windows, power seats, power mirrors, A/C, stereos, etc. Cars that are light on options tend not to be the big sellers. If they were the only choice, then I guess that would be that, but people sure wouldn’t like it. The market isn’t going to come to that point on its own, though, and I don’t feel comfortable with a government mandate to do away with power car options.
Anyway, CAFE standards are only part of the problem, because they only address fuel that will be built in new vehicles for personal use. They don’t address older vehicles nor do they address non-vehicle burners of oil fuels like home heaters.
And I see an inconsistency you stating that slowing the rate of CO2 emission increases is “doing nothing,” but that we can wait fifteen years to allow the prices of used hybrid vehicles to fall to levels where the poorer car buyers can afford them and for older, bad-mileage cars to fall out of use.
In all seriousness, do you think part of that is the result of eco-hysteria for the past 40-50 years which has proven time and again to be far past hyberbolic? You can only cry “Wolf!” so many times before people stop listening.