Edgemoor Solds

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Bethesda Home Proves Passive is The New Green

Last week, Bethesda residents had a chance to talk to solar experts and discover methods that would help reduce energy consumptions in their own homes. Now they have the unique chance to visit a home for sale that employs all those functions, and then some, right in their neighborhood. And the first open house is tomorrow…

This true “Bethesda Green” is not the seductive home that turns green upside down…this passive home, located 4717 North Chelsea Lane, Bethesda, MD 20814, in the Glenbrook Village neighborhood is the first in the area and one of roughly 20 in the country. I’ve included the property listing information below – or learn more about the passive homes.

[idx-listing mlsnumber=”MC7643369″ showschools=”true” showlocation=”true”]

The Passive Home Defined

“The Bethesda Passive” & What is Passive?”It’s described as an extremely insulated, “virtually air-tight” building that uses solar
methods to generate and contain heat. Rarely will the resident need to use an air
conditioning or heating system, but if at all, the machinery would need to be no
larger than a small heat pump. The system also increases the quality of the indoor

The 5bd/4 and a half bath works solely on natural resources. Its 4,300 square
feet transcends over three floors and a basement, built in a simple, traditional
American “foursquare” manner. The design cost eight percent more for Peabody
Architects, the team behind this home, to build in comparison to a regular home. But
the price, due to the home’s credibility, is significantly lower over the lifetime of the
home than its average counterpart.

I found it interesting that the hard costs for the build was only 8% higher than a comparable “traditional build”. If this number is truly “close”, it’d still take years (sorry, don’t want to do the math right now), but it would “pay out”…and with rising energy prices, there’s already “future value built” for resale.

Architect David Peabody, AIA, LEED says the homeowner of this passive house will save from the moment the first payment is made. As energy costs rise, homeowners will continue to pool their money into financing their home, rather than operating it.

Oh, and I forgot to mention :-), the projected average monthly energy bill?…$70. Find more information about the passive home at passivehouse.greenhaus.org.

Downsides To A Real Estate Uptick?

Is there any downside to any signs of real estate market recovery? — or any other business that relies on financial institutions to operate?   Is there a such thing as a “bad economic or real estate recovery”?  Unfortunately yes — At least that’s my humble opinion.   The concept seems like a paradox or trick question, doesn’t it?  But think about interest rates…the fed is basically borrowing money to give us the ability to acquire “cheap money”.   But once there are signs the economy is “on the mend”, I propose that the fed will begin to get tighter with their money quickly — because they simply have too much compounding dept from too many other sources to do anything else.   I wrote a post over at a premier Austin real estate blog owned by a good friend.  There, I elaborated on the concept of of “Bad Financial Recoveries”.

Beyhesda - Nope - Austin Skyline

From What I’ve learned from an authority on the subject (in my family no less); to conversations with other economists, it seems Washington already has too much of its plate to delay much longer with interest rate inflation.  My one fear (that I didn’t articulate well in my post) was the “taking of cheap money” before enough can be used “to absorb enough area inventory”.  And where would that put us?  My guess…back to where we started.

Even in the case of a close-in Bethesda homes for sale, I know many potential buyers who are just a couple points (if that) away from renting or looking elsewhere.   It’s the volatility and complexity of different real estate markets that makes me a little uneasy about my own speculations — and again, this is just speaking strickly from the real side of the crisis.  It’s a quandary that is far more complicated than I pretend to fully grasp.

Regardless, I think you’ll enjoy the read >> “Why Interest Rates May Rocket and How You Can Protect Yourself”

I go into some details about other variables that will inevitably push interest rates considerably (again, just my humble opinion).  Hopefully you’ll draw your own conclusions or engage in conversation with me over there if you wish. I’d love to chat through the issues.

And oh yes, you’ll be happy to know (as the title indicates) that I also give some general advise about how to take advantage of today’s distressed yet “incentivized market” –  for better or worse, it may be a fun read!