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I am automatically extremely skeptical of any think tank who's name starts with "Common Sense" or similar, and I feel vindicated once again. This seems to be a
by quasse 3y ago
I am automatically extremely skeptical of any think tank who's name starts with "Common Sense" or similar, and I feel vindicated once again.
This seems to be a lobbying piece on behalf of the mega-developers who build slap-dash stick frame multifamily buildings and then wash their hands of them before the dust settles and the new owners realize that they were constructed to the lowest (or no) standards by the cheapest general contractor.
>These laws hold developers and builders accountable for perceived defects in the construction of condominium projects, even if the defects are minor, provide little to no economic loss to the homeowner, or do not affect the structural integrity of the building.
Sounds like litigation was catching up to these "investors" peddling shoddily built units in large buildings to desperate first time homebuyers. Imagine the poor developers being held accountable for construction defects in the buildings they built.
Condos conveniently have a mechanism for collective action built in (the condo board or HOA) which probably made it much more likely that a developer would be held legally accountable when a building had major defects. I'm willing to bet that the shift to single family homes is great for them because a lone homeowner is unlikely to have the legal firepower to take on one of the large developers for shoddy construction.
- dan-robertson 3y agoThe author is apparently CEO of “a socially conscious public housing authority, owner, operator and developer of multifamily affordable housing based in Adams County, Colorado”. I feel like your “mega-developers trying to exploit keen home buyers” take is probably too simplistic.