Chinese Drywall: Builders and Subs Face Huge Uninsured Losses

July 27, 2009

  • July 27, 2009 at 10:22 am
    djones says:
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    Is it true that the Chinese are funding the war and we are somewhat indebted to them?

    If true, I wonder what the Govt is going to do about the drywall issue. Will the insurance companies be made to pay anyway, regardless of policy exclusions?

    I agree with the other poster who mentioned asbestos. Were the installers at risk? Here we go with the BI claims.

    The law office of Atty Sokolov is already making TV commercials for future airing.

  • July 27, 2009 at 1:38 am
    Boca Condo King says:
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    Down here in SoFl, lawyers are gearing up to fight this monster. But I think they are going after a very dry well.

    1. Assuming that the GCs have the right insurance is one thing, but how many GCs have folded up shop by now?

    2. Subcontractors have been getting squeezed for years by the GCs as a result many do not have GL or WC or workers with a SS#. So after years of suppling fake COIs to GCs (who looked the other way out of greed)Many of these sub contractos do not even have insurance, and most like the GCs have folded up thier tents and moved away.
    3. Ditto the building supply centers that provided the drywall, unless they are Loews or Home Depot, they will also go belly up before paying big judgements.

    Lawyers cannot sue what is not there….

    And finnally, observing the mish mash of GCs Subs, Subs of Subs and Subs of Subs of Subs who brought along some guy…., who is going to be able to unwind all of that to prove that x contractor installed x drywall into the house at 1234 Evergreen Lane?

    I am afraid that these homeowners will never see a penny, and be stuck with a house that needs more in repairs then it is actually worth.

  • July 27, 2009 at 1:47 am
    Hyena says:
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    Yep’n, them Republicans are always right. Need to cut taxes, so we need to cut back on regulation–don’t need no fancy gummint regulators. Don’t need no big gummint. But, gol dang it, a bunch of this junk came in from overseas, dumped on our free market by them furriners.

    And then there’s that access to courts and justice thing. We don’t need no big plaintiff lawyers clogging up our system. (Actually, we know its true that business vs. business litigation is what clogs our courts, but beating up on plaintiff attorneys is easier and gets that ‘motional response we need to control the electorate).

    But, what? You mean our state regulators (states’ rights are big with ‘Publicans, sort of resonates with that Confederate flag, race-baiting thing we like) have let us down on inshorance regulation? And those Republican judges all the way up to the Supreme Court routinely favor big capital and big companies over little companies? We aint got none of that legal recourse comin’ to us? My company, my life’s work is gone?

    Maybe we should start rethinkin’ what’s been going on since that Reagan fellow told us we were special ’cause were we were ‘Mericans and were entitled and could buy anything we wanted (using money borrowed from those same furriners to buy these fancy McMansions with the bad wallboard inside–ouch, my head hurts!!) and didn’t have to work so hard…

    Gollee! Shucks! Can’t Say-rah help no more?

    .

  • July 27, 2009 at 1:53 am
    JR says:
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    So how many of the GC’s that have gone out of business will now become CDI’s (Chinese Drywall Inspectors) Charge $250 to inspect a home for sulphur ridden drywall and tarnishing metal and then offer to replace the drywall for the homeowner. No coverage will likely be found under most policies in Florida at least, and there are thousands that are out there that need gutted. This could have been a conspiracy by the builders to create a need for additional work down the road or it may be a way for the Obama administration to put more people to work, by making others sick.
    Ok, for real now. THis is going to be like a mini asbestos problem that goes on for years. The real estate contract will likely need a disclaimer that the drywall is not contaminated and the home inspectors will now have something else to look for and collect an additioanl fee for and the lawyers get rich once again at the cost of someone else.

  • July 27, 2009 at 2:11 am
    Brokette says:
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    And, Hyena, if higher taxes meant a more EFFECTIVE government, we might not be so against them but…… it doesn’t. Way to “profile” Republicans, you bigot. The Cambridge police department would be soooo proud of you.

  • July 27, 2009 at 2:11 am
    griff1123 says:
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    Dear Hyena,
    Yall mut be Dimicrat MOORON. cause we all knows dat all de McMansions gone bak to de banks cause of dis OBAMA iconimi. jes weight for govmint healthcre! I is a Puplik scool gradiate.

  • July 27, 2009 at 2:29 am
    Hyena says:
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    The hyena is non-partisan but merely empirical and feasts on rot while laughing!

    As for criticisms “bring’em on.”

    Maybe people will wake up from the Reagan slumber and realize the world is passing the indolent, poorly educated, spoiled, arrogant and poorly led U.S. by. It is not a partisan issue. It’s an American survival issue, although the Republicans, now reduced to a small, racist, regional party, filled with courtly manners, quaint accents, yet bereft of ideas that will do any good, did and currently do a great job of screwing up the country–unprecedented. As Mr. Rogers would say–Can you say Yes? There, I knew that you couldn’t.

    Good work, y’all. Looking forward to Say-rah finishing the job and leading us off that final cliff. As Colbert says, commenting on textbook revisions by Christianists in Texas, two and five don’t have to equal seven. No! Not if you’re Jesus!

    Time to wake up.

  • July 27, 2009 at 2:40 am
    Brokette says:
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    Republicans are racists. What an intelligent statement. When did Barbara Boxer switch parties? If Democrats give a rip about poor people, the little guy (however, you’d like to characterize them), why have they not won The War on Poverty? Answer: Because they keep promising wealth for votes and the underclass continue to buy it, in spite of the fact that the message is now crossed generations. Dems aren’t necessarily educated. They just have ZERO shame when it comes to selling people (including illegal aliens) a bill of goods.

  • July 27, 2009 at 2:43 am
    Fed up with it all says:
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    Thanks Hyena for proving without a doubt that stupidity knows no bounds. Your moronic assessment of people with thoughts and beliefs other than your own shows your bigotry and inability to have a rational discussion of the issues and facts. Keep your stupidity to yourself as I for one am sick of hearing self righteous idiots like yourself preach the “gospel”.

  • July 27, 2009 at 2:46 am
    MeMe says:
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    If government wanted to change anything they could do it. After all…they are the ones who wrote and passed all of the stupidity we are living with now. So, I don’t care if you are republican, democrat, independent or any other party you can name, there are 545 of them and millions of us and we just sit back and let them tell us what to do. Stop buying cheap goods (you get what you pay for) and start being a nation that produces what it needs again, with quality control. If you don’t produce something worth buying you go out of business and someone who will produce a good product takes your place.



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