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Have you noticed? It’s blame-the-builders week on BusinessWeek.com! Magazine editor Mara Der Hovanesian wrote a great cover story on home builders’ pushy lending practices, and another article on shoddy construction. Meanwhile, I looked into the trend of venting about defective homes on the Web ( see story here). And I just keep coming across more and more builder-bashing Web sites run by livid homeowners. Here are a few that didn’t make it into our original slideshow:
Rick Reese, a disabled veteran with a wife an three kids, runs this blog “advocating on behalf of the little guy (you, me, and all of the other regular folks we know) against arrogant and greedy giants - new homebuilders and their spawn” (in his own words).
The creator of “Lennar Homes did Us Wrong” vents about plumbing problems in a new Kyle, Tex. home.
“Robson Unfair: Active Adult Living Meets Pure Misery” addresses frustrations with Robson’s retirement communities in Arizona and Texas with a photo of a weepy couple.
You may chuckle at the word choice and the graphics, but otherwise, there’s nothing all too funny about these personal horror stories. What do you think? Are these just isolated cases of bad construction (or bad luck)? Are we being too tough on the builders, or not tough enough?
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.