“I was speaking with a woman yesterday. She moved into new construction in October. The toilets leak, the Pergo floor is warped, the dishwasher is broken, etc. — tons of problems in a $325K new-construction condo.”
— Odujoko’s comment on Tom Corbett’s advice not to take possession of a unit until it’s complete.
Yet another downside to the hyperinflated real estate bubble. Shoddy work. When everyone and his brother is converting some cruddy old apartment building into “luxury condos” its inevitable that the workmanship won’t be top quality. The name of the game is to finish as soon and as cheaply as possible, and then watch the money roll in. New construction is just as vulnerable to shoddy work. Afterall this is Chicago, where it doesn’t take too much to bribe a building inspector.
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