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Just curious. Would you live in an experimental energy efficient/renewable energy generating community? If yes, would you pay more than the average going price in the area to do it?
The goal is to test new Oak Ridge National Laboratory energy efficient/renewable energy technologies, in this community, over a period of years.
I posted this information on the Tennessee website as a curiosity item (test community) for people who already live in Tennessee but here, since they are going to target baby boomer retirees for marketing, I am curious to find out if many retirees would find this type of experimental community desirable.
The State of Tennessee, the Tennessee Valley Authority (TVA) and the Department of Energy are funding the project and the technology is coming from the Oak Ridge National Laboratory (Department of Energy).
I don't live in Crossville, the nearby location of this community of the future. I actually live in the town of the government lab that is developing the technology, but Crossville is in a pretty location, is known for it's golf courses and is one of the towns that the State of Tennessee touts for retirement. Tennessee, of course, has no state income tax on wages/pensions but taxes interest and dividends.
You can read about this experimental community on this renewable energy website:
It would appeal to me as a middle aged working person. Not so sure I would live in TN again, but anything that saves me $$$$ out of my pocket AND has less of an impact on the environment has got to be a better choice. Gotta tell ya, I would not pay $350K for a house, ANYWHERE.
Anothe way to market. We now have New Urbanism, simpler times village, and all the other ways that developers are trying to distinquish themselves from the herd. Unless there is something else, this is still a big subdivisision pure and simple, although a higher priced one for Tennessee.
Energy effieciency is great, but a livable/walkable community is even better. So you save on the household energy, to spend all the savings on driving to somewhere.
Just curious. Would you live in an experimental energy efficient/renewable energy generating community? If yes, would you pay more than the average going price in the area to do it?
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No, would not pay more... would be interested when the price is competitive.
Also crossed TENN off my list of retirement states because I think taxing interest and dividends discourages savings and certainly works against my retirement plan.
We looked at somewhat similar communities in New Mexico and in the Bend, Oregon, areas and thought about it, but found that the covenants were a bit too restrictive for us.
No, I wouldn't pay $350K to live in such a community in Tenn. or anywhere else. I agree with cdelena, taxing interest and dividends does not fit with my financial goals. I am looking for a walkable community to retire to, but Tenn. is not the state I'm interested in.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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Great idea, but concerns posted are good points;
too expensive capital cost for retirees
probably too restrictive (I would want to do my own passive solar, and bio-fuel genset for backup, and not some expensive, techy, gadget filled show home)
TN is not great for retirees (taxes / climate / services)
needs to be a "walkable community" with full services, and ez commute / mass transit to airports and medical facilities.
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