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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: Road Walker who wrote (1998)12/23/2013 4:51:16 PM
From: tejek   of 2722
 
At the height of the boom, only 12 percent to 15 percent of new developments were ever visited by inspectors, experts say, compared with 100 percent in the United States and most of Europe. Most experts believe the cost of clearing up the problems will most likely fall to the taxpayers. “The developers are not going to tear these things down,” said Rob Kitchin, the director of the National Institute for Regional and Spatial Analysis. “They are bust or they probably would have finished them.”

Luck of the Irish? Nope..............just incompetence and corruption...............just like in the US. At least here we continued to inspect property under development.
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