Quote:
Originally Posted by jaydorn
Personally I'm quite leery of anything built around the 2004-06 housing boom. With the stories around that time of bidding wars & housing going up $100k in value before the roof was complete you know some corners were being cut to keep up with demand.
A few of our friends have properties from around that time and the "cardboard box with duct work" label definitely rings true for some of the homes I've been in.
But we also bought a 70s townhome and now we're staring down a hefty special assessment as the building envelopes around our complex need major replacement work.
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Why is it assumed that people cut more corners when companies are profiting and making lots of money?
Wouldn't the counter argument be that in downturn companies are struggling, people buying the homes are struggling and corners get cut?