Vail Daily letter: Against energy savings ballot issue | VailDaily.com
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Vail Daily letter: Against energy savings ballot issue

Frank Lorenti
Vail, CO, Colorado
newsroom@vaildaily.com

Eagle County’s “energy smart” loan is a bad idea. Vote no on this loan, tax lien. Let me explain one of the many faults with this tax lien.

Say you remodel with a $50,000 green loan. You then sell the house. Well, you just made an extra $50,000 because your remodel made you more money when selling, and you passed on the hidden $50,000 loan to the new buyer. What I mean by hidden is that the new buyer assumed that they paid for the remodeled house in full, not knowing that the $50,000 loan is paid back by them in higher property taxes.

It now cost the new homeowner $100,000 plus interest for the $50,000 remodel.



I guarantee that no real estate agent, title company, mortgage broker or bank will put in large print the $50,000 property tax lien-loan. If they did tell you the fine print, America would not be in the trouble it now is in.

They have just found another creative financing way to keep Americans further in debt. People in power keep the rest of us under control by keeping us in debt.



It will be a short-term money maker for builders and green companies, but the homeowner will be paying for it for years to come.

If the people at Eagle County Alliance for Sustainability want to create jobs, maybe they should make Minturn build the $21.25 million “green” sewer plant. That money comes from Ginn. See my Web site at http://www.minturntimes.com.

See, I just created more jobs than the “green tax lien.”



But, Matt Scherr of Eagle County Alliance for Sustainability and Minturn Council say, “What is the urgency” for the sewer plant?

I guess, Matt, it is only urgent when the money goes into your pocket. Greed, greed greed. I always look behind the scenes. Even the “green tax lien” people admit that they do not know all the ins and outs of this.

I would not want to buy one of these properties at a tax lien sale. Eagle County taxpayers will carry that debt for years. That is a whole other issue.

I end this with one question for you to mull over: How would you like to buy a house with a $50,000 hidden tax lien, loan?

Frank Lorenti

Minturn


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