So I ran up to Milwaukee today to see something I didn’t believe when I heard it — that some new homes may not really be all that wonderful to live in. I wish I could take pictures or give an address, but the homeowner is hoping for a lawsuit of some kind to get a resolution.

A friend of a friend who bought a new house in late 2004 is having some problems — his house is falling apart, literally. When his new roof started leaking (this fall), he called in the manufacturer for a claim. The 20 year+ warranties on roofs are interesting because they leave exits for the manufacturer to walk away from the warranty. In his case, the manufacturer said the fault was with the installer, and that they should have bonding insurance to cover the problem.

Read this entire article at the housing bubble site.

Related posts:

1. My fears about buying a home
2. Home mortgages: sneak in the data
3. Looking for a Starter Home? Rent.
4. Full Reserve Banking and Home Mortgages
5. The idiocy of the HELOC (Home Equity Line of Credit)
6. Housing Bubble News, May 30, 2006