4 ms·
I would expect a mandatory one-page waiver, literally printed on paper of a unique color (not white), that people are forced to sign before buying the house. T
by tw04 6y ago
I would expect a mandatory one-page waiver, literally printed on paper of a unique color (not white), that people are forced to sign before buying the house.
Too often things like this get buried in a mountain of paperwork, and while they SHOULD read through it all, the average buyer won't take the time. Americans (maybe people in general) are lazy.
- clairity 6y agorather than mishmash of obscure legal paperwork, every home should be accompanied by a standardized booklet with a report card on the front (with various important metrics, like heating/cooling efficiency, electrical reliability/safety, structural integrity, environmental risks, pollution measurements, water tightness, etc.). the innards would have the gory details, architectural drawings, schematics, repair history, modifications/additions, and such. this booklet could then be provided to interested buyers for review, with the stipulation that any serious distortions/omissions could be subject to sanctions and legal recourse. this isn't far off from what we do now, but the standardization away from overly wordy legalese would be a material advance. we're collectively under the false impression that legalese protects us from risk, but it's more a form of regulatory capture for the legal industry.
- quesera 6y agoThe required disclosures for buying houses vary _widely_ between different US states. In California, it is not unusual to receive a packet six inches thick. In "other" states, a couple dozen pages will suffice. I think your standardization idea is an excellent one.