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Forums » Off-Topic » Chinese Drywall

Chinese Drywall Subscribe to Chinese Drywall

19 posts by 14 users

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Residential Real Estate Agent · Newport Beach, California


http://www.bizjournals.com/southflorida/stories/2009/05/18/daily29.html

Jeff I know you've mentioned this in the past but I thought this was a good info piece people should know about. Sometimes importing building materials can turn out to be a bad move, even if its cheaper in the short run.


Real Estate Investor · Fort Myers, Florida


Wait till this plays out


BiggerPockets Founder · Denver, Colorado


It could get really bad!

Small_bplogo20aJoshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/


Residential Real Estate Agent · Newport Beach, California


Do we have a reliable number in terms of possible homes affected? Some reports mention as many as 100K homes. That is pretty damn scary.



Wow!


Real Estate Investor · Ohio


Why wouldn't such tests be taken before the goods are transported into the US?
Unreal


Real Estate Investor · sioux falls, South Dakota


They didn't seem to know about the items used in the drywall. The gases come out and then things go crazy. About 20% of homes tested in areas of FL have it. It doesn't seem to be a fixable situation. It does smell like a sulphur or rotten egg. The easiest places to see it are in the outlets, switches etc. The ground wire will be black and pock marked. All metal seems to be affected. Some of the physical characteristics to health are more frequent nose bleeds, rashes, stiffness and soreness of joints. No one knows long term problems, it hasn't been long enough. At least one seller and realtor committed fraud. Housing inspector inspected house for buyer in Jan. Found the drywall problem and buyer walked away. Just by accident, SAME inspector was hired by a DIFFERENT buyer to inspect same house. ALL the tell tale signs had been replaced; ground wires, refrigerator coils, and plumbing connections. They all looked shinier than a new copper penney!! This could be a major problem in the future. For about $1400-$1800 a professional inspector can test the air and send to a lab in CA or one other state to determine for sure.
Just the tip of the iceberg, I'm afraid. Rich


Rehabber · Santa Clarita, California


But a potential windfall of opportunity for the savvy investors like Rich, Jeff, and others, myself included.

Small_barnardenterprisesWill Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com


Real Estate Investor · sioux falls, South Dakota


Why do you think I'm re-locating to FL? The sunshine ? I'll keep you all posted from the trenches. I have a few offers out at present and more to follow... Rich.


Real Estate Investor · Queens, New York


Man, I would buy those by the truckload. If you can negotiate a low enough price, and re-do the wiring, plumbing, etc, there must be a lucrative profit possibility...

it does suck for the people that own them, though.


Real Estate Investor · Fort Myers, Florida


I would not touch one till the EPA decides what it is....

Locally about 10 percent of the 2004-2006 vintage is expected to have it

Here is a link from the state of Florida about what to look for

http://www.doh.state.fl.us/environment/community/indoor-air/inspections.html


Real Estate Investor · sioux falls, South Dakota


Jeff,
I haven't been on BP for awhile as you know. Excellent article to print and use when doing due diligence on properties . I can't wait!!


BiggerPockets Founder · Denver, Colorado


Here's a link to a new study on Chinese Drywall I thought worth sharing:

Drywall Information Center

Small_bplogo20aJoshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/


Real Estate Investor · Denver, Colorado


You may be referring to the Press Statement on Corrosion in Homes and Connections to Chinese Drywall issued today. Apparently the CPSC has decided there is a real issue.

Small_flying-phoenixJon Holdman, Flying Phoenix LLC


Real Estate Investor · Indiana, Indiana


Don't file a claim if you've got it. The coverage will be dropped and the house will be flagged.

Any word on whether or not we can deduct this from our 800 Billion we owe them?


Real Estate Investor · Audubon, Pennsylvania


A settlement was announced:
http://www.prnewswire.com/news-releases/parties-to-chinese-drywall-litigation-reach-global-settlement-135659688.html


SFR Investor · Los Angeles, California


Any more info on treating the issue on homes that do have chinese drywall?
Still seeing some good deals that may/may not have it...


Real Estate Investor · Montgomery County, Maryland


It blows me away why we continue to purchase Chinese manufactured products; especially construction, food and safety.


· Chicago, IL


We purchase these products because they are cheaper, not better made.

How many people really care about the brand or origin of drywall in their homes until it's a problem?

For any commodity type of good or product that the average Joe has no direct knowledge or care of it's source - China is the default option.


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