[Porsche-O-Phile]

The day we see the first unscrupulous residential real estate flipper bummin' for change down on the Santa Monica Prominade will be a good day for the rest of us.

I'm just waiting to hear of the first serious failure of a residence in which someone gets injured or killed due to "el cheapo" construction practices - I know there have to be literally millions of "time bombs" out there with problems just waiting to happen due to faulty framing, wiring, poor concrete mix, or any one of a zillion potential problems. This kind of crap is promulgated by EXACTLY these types of "flippers" and executed by one or more of the thousands of fly-by-night contractors eager to do the work. It's a real problem. Inspectors are overworked and a LOT of stuff gets pulled over on them.

I'm actually checking into what it takes to get on a couple of lawyers' lists as an expert witness, 'cause I'm banking on there being a CRAPLOAD of poor-construction-related lawsuits in the coming years directly related to the "flip it" mentality that's been such a part of the RE market lately. . .

If the big 8.0 earthquake hit tomorrow, I'd feel about 1000x safer in a 30-year-old highrise than I would in a five-year-old two-story home. I see some downright scary stuff driving around at various residential sites. . .