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Tough times for owners of eccentric eco-homes
The Wall Street Journal reports that homeowners with eco-friendly, "oddball" homes are finding it difficult finding a lender for refinancing.
Wed, Mar 24, 2010 at 08:01 AM
talks with a handful of beleaguered homeowners including Jon and Laura Hagar of Colorado who have perfect credit and are otherwise exemplary candidates for refinancing except for one thing: their 2,700-square foot “trash house” (that's it pictured above) is constructed from 17,000 recycled tires. The gaps between the compressed tire bales are plugged with other types of refuse like cans and bottles. Then there’s Richard Messer, also of Colorado, who didn’t even bother to look for a conventional mortgage and instead opted to borrow money from friends. The reason? The insulation of home is made from 50 tons of Coors beer packaging.
This isn’t to say all owners of eco-friendly homes are having trouble refinancing. But those with “oddball” eco-friendly homes — dome-shaped abodes, homes built underground, and homes constructed from garbage — are struggling when they once had no problem. Take a look at the below video where the WSJ’s Anton Troianovski steps inside some of the homes in question to chat with the owners.
Image: Anton Troianovski/The Wall Street Journal
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