Pulte is clever. When you close on your new house, you're sent a (JD Powers) survey that Pulte offers incentives to complete and mail in quickly. Pulte uses JD Powers "excellence" awards to marginalize people like me who say that Pulte's construction is shoddy.
This constant statistical rationalization and manipulation crap really is yankin’ my chain, wherever they do it. Building defects don't cause sudden catastrophic loss of life, as far as we know. Medical issues I've seen close to home, they can kill people and I'm sure they actually have, but who would dare connect it using an empowered authority.
Still I would like to see how well it would work if an airline lost a big passenger plane, and instead of tending to the victims and their families, they sited all their stats on flights that didn't crash to console the victims, authorities and the general public. And then dismissed the crash as statistically insignificant, which is even technically true compared to other travel related accidents, even without lying and rigging the safety ratings. Because that doesn’t fly there.
The loss level with new homes is a different type of catastrophic loss, but looking at foreclosure laws, and the losses defective houses and mortgage fraud can really cost, you can lose everything. And that goes well beyond just material things. Most of this came from greed, not freak weather, a natural disaster, or some unpredictable mechanical failure.
Medical care is hardly affordable as it is, but if the builder/loan scheme wipes you, you lose access to needed health care probably when you need it most. A million plus collective new home related consumer wipe outs isn’t just unfortunate, it is a national disaster. But they get awards while all doing that.
And where’s our bail out money as we (home buyers) fall by the thousands? Not from selfish greed of our own doing but from...you know who.