Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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They're not vacant, they're just waiting for better matket conditions (lemmy.world)

submitted 1 month ago* (last edited 1 month ago) by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 month ago

It's even worse when you get outside of the cities into the county. At least here in Texas, that means there are no building inspections. You just have to trust that the builder made it right.

And don't depend on the warranty to save you. The common 10-year warranty is a lie. It's 1-year cosmetic (there are no visible cracks in the wall), 2-year functional (there are cracks, but everything still works), and 10-year structural (the doors no longer close, the wiring is failing, and the foundation is more like gravel now, but the building hasn't actually been condemned - which it won't be because there are no inspectors).