I have noticed that most new homes, especially within in-demand markets are poorly constructed, to varying degrees. I bought a 3 bedroom condo last year, and while it is generally nice and has passed structural/interior inspections, I still keep finding little things wrong with the place. Luckily nothing major, but I have heard of people who've purchased homes/new condos in my area in the last couple years and had major mechanical failures, and/or electrical problems. This is in the short term, long term I'm sure other problems will surface. I've known people who work in carpentry and the story is the same: very few good tradesmen willing to do residential work for contractors, lots of unqualified laborers performing unsupervised work for a poorly regulated industry, demand for new houses outpacing supply, etc.
What is with all the shitty houses out there? Even houses in the $500K+ range aren't immune to this. I've considered investing in real estate and purchasing a second home, but I'm feeling very bearish and wary of all the overpriced garbage out there. Thoughts?
What is with all the shitty houses out there? Even houses in the $500K+ range aren't immune to this. I've considered investing in real estate and purchasing a second home, but I'm feeling very bearish and wary of all the overpriced garbage out there. Thoughts?






