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This is nonsense. Housing regulations in England are so bad that I absolutely wouldn't consider buy a property built in the last twenty years even before Grenfe
by caoilte 6y ago
This is nonsense. Housing regulations in England are so bad that I absolutely wouldn't consider buy a property built in the last twenty years even before Grenfell happened and proved that thousands of our apartment blocks are death traps.
The crisis that hundreds of thousands are now suffering is being unable to buy or sell an apartment because they can't prove that it's not a tinderbox. As bad as prices are they are actually a secondary consideration.
This is a problem caused by a lack of regulation.
- dazc 6y agoThe regulation was/is there, it is just circumvented.
- caoilte 6y agoI hear that the democratic republic of congo has one of the world's best legal constitutions. I also have a bridge across the thames that you might be interested in buying?
- thu2111 6y agoGrenfell wasn't caused by lack of regulation but rather, a construction firm that knowingly defrauded the regulators, and regulators that were in turn incompetent and easily defrauded. There is quite some shocking testimony related to that case coming out in the last year.
- caoilte 6y agoI've followed every day of testimony and at no point has there been any evidence that fraud (in the legal sense) was committed or that the regulators did anything except what they were statuarily required to do (and by that I mean nothing). The testimony and finger pointing is shocking but the regulations (such as they are) have achieved their goal of sufficiently diffusing blame such that no one party is responsible for any of what happened. The industry is self regulating and there are no legal powers to punish the guilty. It's basically the same setup that the ratings agencies had for the 2008 crash, "buyer beware" (we even privatized the regulator). Nobody went to prison then either.