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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (19817)	4/26/2004 9:33:02 PM
From: Elroy Jetson	Respond to of 306849

You should have seen the problems they had in Vancouver B.C. with high-rise condos built by developers from Hong Kong. The builders were familiar with a rainy environment, but not one where it freezes during the Winter. The building sidings were fully caulked and waterproofed. So when the roofs developed leaks from weather changes, the walls held water like a reservoir. Building inspectors finally went around to each building drilling holes in the exterior walls a few inches above the ground. With most of the buildings it was like hitting a underground spring. The litigation is still going on after eight years.