Since the drywall isn’t covered wouldn’t the homeowner benfit from any other loss, fire, water damage, smoke and that would pay for the drywall. Thus wouldn’t this encourgage the homeowner to have a loss?
The Federal government take the money that is owed to the Chinese government via bonds and pay for these houses to get fixed. Then China can deal with the businesses that sold it to us to recoup their loss.
How about we stop buying JUNK from China.
put our own people back to work building things here in our country instead of getting sub standard products that harm and kill us, all in the name of better pricing. How stupid are we?
If businesses in our country could manufacture quality products at competitive prices to those from overseas, we would tend to price shop less. I’ll gladly pay more for better products, but not twice as much.
Lets not forget that this Chinese drywall was used becasue it was available not necessarily becasue it was cheaper.
That being said, if it would have saved $5000 on the house remodel, was it worth it. Or would you rather have safer products that you have recourse against the manufacturer with in case of a product liab claim. The track record for Chinese products is very clear. There is no regulation, over sight, or safety involved in the products. When was the last time a US manufacturer made toys with lead paint or baby food with a lethal contaminate (that was not staged) or poison toothpaste. and when it happens those companies step up and take care of the problem becasue we can go after them. I am willing to pay whatever it costs for safe products, yes even double or more.
The sub-prime credit crises prime movers were two government entities, FreddieMac and FannieMae. Politicians deflect their role by blaiming the mess on private enterprise.
Since the drywall isn’t covered wouldn’t the homeowner benfit from any other loss, fire, water damage, smoke and that would pay for the drywall. Thus wouldn’t this encourgage the homeowner to have a loss?
Seems like it would create a moral hazard, just as insuring a home that’s worth much less than the mortgage.
Should we stop insuring those who are victims of the biggest banking scam of the 20th century?
The Federal government take the money that is owed to the Chinese government via bonds and pay for these houses to get fixed. Then China can deal with the businesses that sold it to us to recoup their loss.
How about we stop buying JUNK from China.
put our own people back to work building things here in our country instead of getting sub standard products that harm and kill us, all in the name of better pricing. How stupid are we?
If businesses in our country could manufacture quality products at competitive prices to those from overseas, we would tend to price shop less. I’ll gladly pay more for better products, but not twice as much.
Lets not forget that this Chinese drywall was used becasue it was available not necessarily becasue it was cheaper.
That being said, if it would have saved $5000 on the house remodel, was it worth it. Or would you rather have safer products that you have recourse against the manufacturer with in case of a product liab claim. The track record for Chinese products is very clear. There is no regulation, over sight, or safety involved in the products. When was the last time a US manufacturer made toys with lead paint or baby food with a lethal contaminate (that was not staged) or poison toothpaste. and when it happens those companies step up and take care of the problem becasue we can go after them. I am willing to pay whatever it costs for safe products, yes even double or more.
PJ said “biggest banking scam etc etc”
The sub-prime credit crises prime movers were two government entities, FreddieMac and FannieMae. Politicians deflect their role by blaiming the mess on private enterprise.