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

To: Think4Yourself who wrote (54852)	5/24/2006 10:38:04 PM
From: renovator	Respond to of 306849

The insurors are liable to use this a another way to raise rates across a broad category. The undewriters are apt to start requiring some added verification that this sort of condition is not present. If this turns out to be typical for some builders in particular it will very quickly lead to another big scandal with local building inspectors like the roofing inspectors in Miami-Dade who were "overlooking" improper sheathing, staples instead of nails and no waterproofing membranes a few years ago. Some actually went to jail! BTW, Tyvek is very inexpensive at less than a dime a square foot.

To: Think4Yourself who wrote (54852)	5/25/2006 12:48:52 AM
From: John Vosilla	Respond to of 306849

More evidence of tumbling prices: from Naples: "I've seen some properties sell for 40% off of original list price and 25% off of peak prices." naplesinsider.com “While Tucson’s housing market is cooling, the market in Phoenix is in the deep freeze. KB Homes and Fulton Homes have each laid off workers in the Valley of the Sun, where the inventory of unsold homes is piling up. Vest said housing prices in Phoenix are tumbling. He said median home prices in the capital city have fallen from a high of $350,000 to about $300,000.” thehousingbubbleblog.com