Rich people can buy nice things but they can be scammed like anyone else. The way it works is that some developer bought the plot, built a condo and sold it in

Rich people can buy nice things but they can be scammed like anyone else. The way it works is that some developer bought the plot, built a condo and sold it in advance to wealthy people. After pocketing the money they delivered something and that's the end of their obligations. If the finish is crap, what can the rich people do? They likely don't have ground to sue and they were probably aware of whatever materials they were buying. I've seen this happen with so many developers, I don't understand why people buy from developers at all. Ok, they buy all the plots and normal people have a hard time buying plots, but I'd still pick an existing house I can inspect now compared to buying the idea of a finished product which doesn't exist. I suspect the flow is something like: 1) Check real estate market 2) All the properties are crap 3) I don't want to deal with blue collars fixing my house! 4) This intriguing new developer with an ok track record is building something, we're going to have a new luxury home!