Beware the Coming Building Craze! Caveat Emptor!

Canadians often seem much more polite than Americans, but the BBC documentary linked below is one that everyone on this blog should watch. Downtown Toronto has been devastated by defective construction in many of its high-rise condo towers. The U.S. government is following the exact same political path as the governments of Toronto and of Canada have been following over the past seven years.

With the inevitable world financial collapse that’s coming, many building shortcuts are going to be overlooked in the U.S.. Massive construction projects will be seen by our government as an escape valve against the housing market bubble. Thousands of people in rapidly expanding financial markets like China and Dubai will be buying newly built American condos without ever making a personal visit or inspection. And American building inspectors will be ordered by their bosses to overlook common sense building regulations.

This blog is all about protecting you. My guest bloggers put a lot of work into researching and writing about certain subjects to protect you, the homeowner. But believe me, we’re getting pressure from the CAI cacophony and the realty folks and property managers. We make no money on this blog by encouraging our followers to be cautious in their investing.

Caveat emptor.

 

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About

Ward Lucas is a longtime investigative journalist and television news anchor. He has won more than 70 national and regional awards for Excellence in Journalism, Creative Writing and community involvement. His new book, "Neighbors At War: the Creepy Case Against Your Homeowners Association," is now available for purchase. In it, he discusses the American homeowners association movement, from its racist origins, to its transformation into a lucrative money machine for the nation's legal industry. From scams to outright violence to foreclosures and neighborhood collapses across the country, the reader will find this book enormously compelling and a necessary read for every homeowner. Knowledge is self-defense. No homeowner contemplating life in an HOA should neglect reading this book. No HOA board officer should overlook this examination of the pitfalls in HOA management. And no lawyer representing either side in an HOA dispute should gloss over what homeowners are saying or believing about the lawsuit industry.

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