BiggerPockets

Is the Chinese Drywall issue just a temporary concern fanned by the media or do these drywalls actually make a home unlivable? I have heard of ridiculously low valuations on homes in Florida with Chinese drywall. How much would it cost to replace drywalls in a typical tract home and how does that compare to the discount one can get while purchasing such a home?

Am I correct in my understanding that the problem is limited to hot and humid areas such as Florida? The Chinese drywall does not seem to misbehave in dryer climates, right? So one would need to focus on warm areas to find these deeply discounted deals.

There were several threads on Chinese drywall; the moderators tried to keep it consolidated into one of these below:

http://www.biggerpockets.com/forums/56/topics/33182-chinese-drywall

http://www.biggerpockets.com/forums/56/topics/34687-warning-chinese-drywall-

http://www.biggerpockets.com/forums/48/topics/35829-chinese-dry-wall

If you have questions about that drywall, post in one of those other threads, and leave this thread for the original poster's wish:

Looking for Chinese Drywall properties deeply discounted Nationwide

Well the man has only 435 posts but a massive amount of influence so yeah he gets my vote.

Glen- are you a martyr? Why on earth would you want to buy a can of worms, with the potential damages unknown.
Where is Jeff T from Cape coral? I attende a reia meeting with a speaker, licensed inspector. This drywall will be an absolute mess. Try driving through developments that have the problem. it is killing all homes in the area.
The gas emitted can enter any porous material, including wood and concrete. It is unknown whether the bandaides being applied will do any good. Removeing the drywall doesn't cut it. All metals may be affected(read truss connectors and floor anchors), woods(read studs) .
This may be a huge destructive concern. It may bankrupt large home builders, insurance companies etc.
There is some testing currently with placing a new gas into the equation that may dissolve the bad gas! I would run the other direction. Most drywall is found in 05-08, but could be earlier and later. It has been found as far away as alaska. Rich

Anna- simple question. Will your partner GUARANTEE his solution with his assets at risk if it doesn't work? There is NO proven fix, accepted by any health, building or public assistance entity in the state of FL. The only ones that will make money by being involved with chinese drywall are the attorneys, imo. Rich

Originally posted by Anna Estes

This is for Glen. Try to give him a short answer. My partner and I have 30 (we had 80) condos with Chinese drywall for sale at $10,000 each in Port St. Lucie, Florida. I am not going into the pros and cons of how to fix it. Although, my partner has a very good working solution.

Rich, What if you strip all the drywall on the property and re-drywall? That must solve the problem. Wouldn't it? I'm not talking about the financial aspect of it that may be too expensive, but from health perspective.

Rich,
I am sending you something to your e-mail address that is under your name. Please look at it.
Sorry don't know how to include it in here for the others to see it.
It is a flyer with an invitation to see a remediated condo at 10440 SW Stephanie Way in Port St. Lucie.

Originally posted by Eddie Ziv

Rich, What if you strip all the drywall on the property and re-drywall? That must solve the problem. Wouldn't it? I'm not talking about the financial aspect of it that may be too expensive, but from health perspective.

Eddie
Read my post above, the toxic fumes contaminate the metals and wood of the property so it's not only the drywall that is infected as I understand. You'll have to replace the metals wood etc.. Cross-contamination is a big issue as I see it and it is a pretty new problem so no one knows the long-term affects.

I do believe the demolition might be the answer. Lennair Homes is trying to mediate the problem. They'll come in and remove and replace all the drywall. Homeownner signs a release of future liability.
You should see Stoneybrook in Gateway area of Ft. Myers, and the % of homes being re-done. It will get worse before it gets better. Rich.

p.s. It hurts to buy a home in an area of chinese drywall even if yours doesn't have it. We bought a home old enuff, in an area with no verified chinese drywall to be safe.