If I ware a Bank.... Real-estate Flippers....
I think that if I owned a bank of any kind, I would require a person who bought a house to live in it for at least five (5) years before they could think of selling it unless facing hardship. Here's why.
Con-man buys a falling down house from the bank and covers over all the major damage and faults of the house with 'lip-stick' style repairs. He does such a good job that the house passes the city inspectors.
Prospective buyer looks the place over, but cant see the hidden damage, cant FEEL the hidden damage because of cheap shoring-up type repairs hidden neath the 'lipstick'/sheetrock, and decides the house is in reasonable state of livability. Buyer pays bank after believing the house in in good enough shape, minus some simple things he/she can fix by themselves, also with assurances from the inspectors that the house is indeed ship shape.
Real-estate flipper/con-man laughs all the way to his bank with the payout and promptly moves on. Where is he? No one knows...... (sound of wolf in the distance and tumbleweeds blowing by)
Six months to a year later, wife falls through the back porch that looked like sturdy tongue in grove wood, but turned out to be heavily painted trim board on top of thin plywood that held water instead of letting it through, NOT allowing wood to dry and promoting ROT. OH, all of which was laid on top of rotten planks from the original porch. The porch was at ground level so it was impossible to see how this was done. That was the saving grace as she didn't have more than 10 inches to fall. Even the inspector missed it.
Furthermore, upon removing the wood near the wall of the building, finding out the the wall had ZERO support because the beams were either NOT PRESENT or ROTTED AWAY and were covered with NEW SIDING to hide this fact. Oh and nothing under this thing was pressure treated except for the 4x4 lumber they used as sill beams, vastly inadequate to carry the structure, all of which is on top of rotting railroad ties instead of concrete blocks. A modern add-on with absolutely NOTHING done to code. All of this is now sinking slowly into the soil and will require a major rebuild at owner expense.
It's one of those things you learn in life one way or another. Thankfully, I have it in the budget, and it all flew apart while we had a little money. Bye-bye summer trip... You know, its also weird how all that crap started flying apart at around the same time. When it rains it pours.
Basically Real-estate flippers are the new 'carpetbaggers' And should be avoided at all costs, or made to live in what they plan to sell for at least five years. No owner occupancy = foreclosure. It's probably not the best way to combat this, but this bullshit needs to be stopped.
This would make them have to repair things right, or at least closer to right, because it's the roof over their heads.
the only thing lower than this type of individual is a slum-lord.
Thank GOD you are NOT the bank - we do not need more regulation in the real estate industry - just more common sense. Sounds to me like a shoddy contractor who did poor work - if we went by your logic - we would outlaw restaurants because a chef served a bad meal. It's all a matter of who you work with - making someone live in a house for 5 years before selling it would kill the real estate market , decentivize investments , and hurt consumers - not all contractors are bad and neither are all flippers - sounds like you got a bad deal - even though it's frustrating - your real estate agent should have made sure that you had a home warranty to cover defects like that. I hope everything else works out OK for you -
Well, maybe there could be a system to keep track of those that do good and those just out to rip people off. As I said, I don't know the answer, but some kind of accountability needs to be in place. at least the food doesn't cause bodily injury or broken limbs when it's bad, though now that I think of it... LOL those biscuits in the army...
I also kinda wrote this when I came in this morning, after ripping out planks and plywood and joists...
I was kinda pissed off. Still am a little. You know, I kinda love this sawsall
nothing like some good old fashioned demolition work out that frustration...I'm a flipper and last house we did , I got caught up with a really bad contractor that did piss poor work ... luckily , another contractor caught on to some of the stuff we couldn't see behind the walls and when we opened it up , we realized the extent to which this contractor and his lackies had screwed things up - almost ALL of his labor had to be redone...so I know first hand how easy it is to get screwed by contractors - here's a quick to way resolve similar issues - although I am still opposed to it because it represents more regulation and added costs ..buuuuuuuuut.... they could say that if you only purchased the house within 3 years - then you need to pay for a 1 year home warranty for the buyer ... now if there are any issues - it will be covered.
I honestly think that would be suitable. Finished the teardown :) Tomorrow we build!
BlueHawke Nailer for the win!!! Love this thing. three inch galvanized ringshank nails in one shot! love it. I used to drive nails by hand, but I bought this thing and man do I love it! It came with a palm nailer to drive loose ones, and I love that thing too :)
I've often considered getting something like that but never pulled the trigger (no pun intended) as I'm not sure I would get that much use out of it. even though I use the heck out of my hammers....have a pressurized staple gun that works real nice and came in handy for installing a bunch of T1-11 but that was more of a one off project -
Once you get the hang of using them, work goes so much faster. With my vision, I've smashed a lot of thumbs. They aren't without their down sides if you try to get into small spaces with them, but for general framing they kick butt. I'll always have a use for my hammers, but the framing nailer is an awesome tool. When used right, it can greatly improve accuracy and finish of your projects.