HomeLatest NewsFeatured HomebuildersHome Buyer ResourcesBinding ArbitrationResource LinksSubmit ComplaintsView ComplaintsTake Action 101!Report Mortgage FraudMortgage Fraud NewsForeclosure NewsConstruction DefectsHome DefectsPhoto GalleryFoundation ProblemsHomeowner Website LinksHOA Reform
Main Menu
Home
Latest News
Featured Homebuilders
Home Buyer Resources
Binding Arbitration
Resource Links
Submit Complaints
View Complaints
Take Action 101!
Report Mortgage Fraud
Mortgage Fraud News
Foreclosure News
Construction Defects
Home Defects
Photo Gallery
Foundation Problems
Homeowner Website Links
HOA Reform
Featured Topics
Builder Death Spiral
Report Mortgage Fraud
Foreclosure Special Report
Mold & New Home Guide
Special News Reports
Centex & Habitability
How Fast Can They Build Them?
TRCC Editorial
Texas TRCC Scandal
Texas Watch - Tell Lawmakers
TRCC Recommendations
Sandra Bullock
People's Lawyer
Prevent Nightmare Homes
Choice Homes
Smart Money
Weekly Update Message
HOBB Archives
About HOBB
Contact Us
Fair Use Notice
Legislative Work
Your House

 HOBB News Alerts
and Updates

Click Here to Subscribe

Support HOBB - Become a Sustaining Member
Who's Online
We have 1 guest online
ABC Special Report
Investigation: New Home Heartbreak
Trump - NAHB Homebuilders Shoddy Construction and Forced Arbitration
The Great State of Texas and call to abolish TRCC
Sunday, 12 April 2009

Buying a home? Think thrice!
Here's the latest from Texas, which shouldn't surprise anyone. The “great state” of Texas has a state “regulatory” agency called the Texas Residential Construction Commission,...it's of no surprise to me to learn that Texas builders, which, according to today's report on NPR have financed the elections of all but six of Texas' 188 “elected” legislators, are up in arms about an uppity legislator from a district north of Austin who has dared to propose new legislation to abolish this agency, just because the largest builder in his district is walking around (make that riding around in his armed limousine with tinted windows) with 37 felony indictments hanging over his head for building and selling high priced trash boxes disguised as houses. These charges, no doubt, are supposed to go away the usual way, with a little help from his friends: namely those other 182 legislators and their appointed judges. The whole purpose of the TRCC is, of course, to protect crooked homebuilders from being sued by their victims, and it has proven to be highly effective.

The Dispatch - Consumer Empowerment Blog
Buying a home? Think thrice!
April 6th, 2009

By Gene Ayres, Your Consumer Curmudgeon

Not surprisingly, the National Board of Realtors and their local cronies, in combination with the various local homebuilders associations (e.g. the one in Washington State that was caught in bed with Dino Rossi for illegal campaign contributions), have been telling us all along that buying a home, preferably one of theirs, was always a great investment, values could only rise forever, and they were and still are all great products.

It's as if the bubble never happened, as if a thousand lawsuits nationwide against corrupt realtors, lenders, and builders don't exist. I saw an ad this week for a condo development in Seattle. A hundred carbon copy cardboard cutout units built to the latest non-existent, unenforced, nonenforceable non-standards, no doubt with wallboard from China made of compressed toxic waste (this is really happening, and has just been “exposed,” literally, in Florida, where all such things seem to happen first), the cheapest possible wiring, plumbing, framing, flooring, roofing, and windows. Lucky us. And guess what? Not one of them has sold. So they are now offering six months of payments, no doubt to their preferred lender, should you lose your job. These people don't get it. Nobody's buying for two reasons: a) they've already lost their job, and/or b) these bozos still think they can sell these cardboard boxes for $400,000.

Here's the latest from Texas, which shouldn't surprise anyone. The “great state” of Texas has a state “regulatory” agency called the Texas Residential Construction Commission, established during the Bush heyday in order to (get this) protect Texas homebuilders from “frivolous” lawsuits.

Having lived in Florida where homebuilders have gotten away with everything including murder, always skipping town leaving their victims watching as their cardboard castles collapse, it's of no surprise to me to learn that Texas builders, which, according to today's report on NPR have financed the elections of all but six of Texas' 188 “elected” legislators, are up in arms about an uppity legislator from a district north of Austin who has dared to propose new legislation to abolish this agency, just because the largest builder in his district is walking around (make that riding around in his armed limousine with tinted windows) with 37 felony indictments hanging over his head for building and selling high priced trash boxes disguised as houses. These charges, no doubt, are supposed to go away the usual way, with a little help from his friends: namely those other 182 legislators and their appointed judges. The whole purpose of the TRCC is, of course, to protect crooked homebuilders from being sued by their victims, and it has proven to be highly effective.

According to Wade Goodwyn on NPR (3/28/09), “the TRCC was written into existence by a lawyer for Houston homebuilder Bob Perry, the most powerful and politically connected homebuilder in Texas. Perry's lawyer was then named the new housing agency's first commissioner by the Texas governor, who has taken hundreds of thousands of dollars in campaign contributions from the homebuilder.”

Gee, what an amazing surprise.

For those of you who enjoyed Erin Brokovich, and that Gene Hackman film about the Ford Pintos (in which Ford decided that it was cheaper to settle lawsuits from commoners whose loved ones burned up in gas explosions than to have to actually fix 3 million clunkers), those Texas builders and their ilk throughout the country, all think exactly the same way as those corporate tycoons in those movies.

With one notable difference: these guys play for keeps and are hell-bent and determined to make sure that, unlike in the movies, no way are the good guys going to win. If you are “intelligent” enough to buy a home from them, and it falls down around your ears and wipes out your favorite son/daughter/spouse/pet/sculpture and you think you have a right to some recompense, think again. They don't have a million dollar team of lawyers on retainer for nothing. They don't mind paying those lawyers. It's the consumer they have no intention of (re)paying.

Here's a suggestion: if you are still determined to buy a new home, make sure it has an Energy Star label. Those rare builders are required to meet some actual standards. My personal preference and recommendation is still this: buy something that was built prior to 1959. That was when two-by-fours were still actually 2” by 4”. And drywall was gypsum, not pressed toxic waste. They haven't been since.

On the other hand, there is that small matter of asbestos. A Teepee, anyone?

Gene Ayres is a career writer, author and freelance journalist. His latest book is A Billion to One: An American Insider in the New China. He can be found at: www.geneayres.org.

http://blog.consupo.com/2009/4/6/buying-a-home-think-thrice

 
< Prev   Next >

 Texas, First Home Lemon Law Debated in the Nation
Homebuyers Need a Home Lemon Law

Search HOBB.org

Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


Amazon
Barnes & Noble

 Feature
Rise and Fall of Predatory Lending and Housing

NY Times: Building Flawed American Dreams 
Read CATO Institute: 
HUD Scandals

Listen to NPR:
Reckless Endangerman
by
Gretchen Morgenson : How 'Reckless' Greed Contributed
to Financial Crisis - Fannie Mae

NPR Special Report
Part I Listen Now
Perry Home - No Warranty 
Part II Listen Now
Texas Favors Builders

Washington Post
The housing bubble, in four chapters
BusinessWeek Special Reports
Bonfire of the Builders
Homebuilders helped fuel the housing crisis
Housing: That Sinking Feeling

Texas Regulates Homebuyers
 
Texas Comptroller Condemns TRCC Builder Protection Agency
TRCC is the punishment phase of homeownership in Texas

Consumer Affairs Builder Complaints

 TRCC Implosion
 TRCC Shut Down
 Sunset Report

IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation
Knowledge and Financial Responsibility are still Optional for Texas Home Builders

OUTSTANDING FOX4 REPORT
TRCC from Bad to Worse
Case of the Crooked House

TRCC AN ARRESTING EXPERIENCE
The Pat and Bob Egert Building & TRCC Experience 

Build it right the first time
An interview with Janet Ahmad

Voting Texas Style
What Lawmaker is Voting for you?

Bad Binding Arbitration Experience?
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
or call 1-210-402-6800

 Texas Homebuilder
Bob Perry Political Contributions

  The Agency Bob Perry Built
 TRCC Connection News
Tort Reform

NPR Interview - Perry's
Political influence movement.
Click to listen 

Texas Homebuyers
Fight for Rights

TRCC Abolish or Fix
or Pass Home Lemon Law
or
Homebuyers Bill of Rights

Pulte Homeowner Survey
Warranty & Mortgage Experience
 Click to participate

Special Money Report
Big Money and Shoddy Construction:Texas Home Buyers Left Out in the Cold
Read More
Read Report: Big Money…
Home Builder Money Source of Influence

top of page

© 2022 HomeOwners for Better Building
Joomla! is Free Software released under the GNU/GPL License.