Posted on 01/07/2010 10:52:28 AM PST by AbolishCSEU
Shouldn't this read under the CLINTON administration???
Senior first heard about Chinese drywall in late 2008, when her homeowners' association stuck a newsletter on her door. Amid the usual banalities — don't feed stray cats, keep up on your lawn mowing — the letter casually mentioned the news: Some units might have Chinese drywall.
C. Stiles Chinese manufacturers are still exporting drywall, likely with no new safeguards. C. Stiles New air conditioner coils turn black within months in homes with tainted drywall. Subject(s): Chinese drywall, South Florida, toxic drywall, Lennar Homes"I felt like the whole world was collapsing around me," Senior says. "I cried for days. I didn't know where I was going to take my children. I had a baby on the way, and I was just terrified."
A thousand stories like Senior's played out across South Florida between 2003 and 2008 as the housing bubble inflated prices to unprecedented levels. Buyers literally waited in line for a chance to buy new homes and condos, and nobody considered looking in the walls to see where the drywall had been made.
Under President George W. Bush, federal mortgage companies Freddie Mac and Fannie Mae were encouraged to lend to low-income buyers, and his administration chopped regulations on lenders. Meanwhile, Congress approved $200 million a year for down payments. This led to remarkable growth, particularly in South Florida, where easy credit, rampant speculation, and outright fraud created a superbubble. The median home price in South Florida doubled, from about $155,000 in 2002 to $312,000 just four years later, according to the Census Bureau.
(Excerpt) Read more at miaminewtimes.com ...
This is a topic I deal with in my work. I’m pretty up on it.
The article, FYI, is loaded witn inaccuracies.
Take with a couple teaspoons salt.
sorry, i’m new at posting
>> The article, FYI, is loaded witn inaccuracies <<
So what should somebody like me do? My home seems to have a small problem with stinking drywall — installed in 2005 during a remodeling job. The contractor has long since lost his license (for other things), and I can’t prove where he bought the drywall. Am I simply up a creek without a paddle?
Pretty much. The majority of people just aren’t going to be reimbursed by sueing somebody. Blood and turnips and all that. Builders are already going broke in FL, before this situation. Can’t get money out of a bankrupt builder.
Sounds like you can remove and replace the drywall without too much difficulty or expense. You’re lucky.
I’d be glad to freepmail you some particulars, if you like.
The latest, most accurate information can be found at the FL Dept. of Health. They just released an updated case definition.
http://www.myfloridaeh.com/community/indoor-air/casedefinition.html
I hate to say it, but the only way most people will be made whole is if the government bails everybody out. Which might cost as much as $5,000,000,000.
You’re not the only one:
http://www.nola.com/business/index.ssf/2009/12/saints_coach_sean_payton_to_be.html
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