Buildings and energy consumption.

environment, living environment, sustainable development No Comments »

An interesting article on the architecture 2030 website about energy consumption as it relates to buildings. The article shows three pie charts with the first two showing U.S. energy consumption and the third one showing worldwide energy consumption. Surprisingly, it shows that transportation only accounts for 1% of energy consumption and buildings for 76%.  That energy comes from electricity produced from oil or gas. Sometimes the heating uses oil or gas directly. But in both cases, oil or gas is used. Energy requirements are for heating, ventilation and air conditioning (HVAC) as well as lighting, elevators, security systems and all other systems using electricity. The charts include energy required for construction, renovation and maintenance of the buildings.

Most of that energy requirement could be reduced by having more intelligent HVAC systems, better insulation and heat management. But most importantly, large buildings could incorporate energy producing features such as harnessing wind and solar energy as well as geothermal energy.

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How much is your house worth ?

living environment No Comments »

Foreclosures, mortgage industry collapse, bank collapse. With all those bad housing industry news, one wonders who sets the prices on a house.

The old real estate adage is well known: To succeed in real estate, there are three things you have to know: Location, location, location.

A house in Beverly Hills may be worth $3 Million and an identical house in Missouri may  be worth $200,000. It’s all in the location. 6 months later, the stock market collapses,fortunes are lost, people in Beverly Hills scramble to sell their houses, there is a surplus of houses for sale and not enough buyers, price plummets in that location.

Location can also mean where are you in time. One day its up, one day its down.

The price we put on things is equal to the value we put on the darn things. And the value has to do with scarcity, demand, desire, etc…  It’s all very emotional.

One thing to remember, though is that a house can be worth as much or as little as one puts value to it. If someone were to tell you: ”Your house will be flooded 6 months from now, but I will swap your house for a brand new house of equivalent size.” Would you do it?

How much will your house be worth when it is flooded ? (or put any natural disater you want, hurricane, eartquake, fire). Would you still get that house swap deal ? Probably not.

Money and finances are in fact very abstract notions. Yet, these abstractions have very real consequences on the lives of many people.

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