Sneaky Buggers
Today's news brings us the story of deceit and skulduggery. Seems Assemblyman Jim Frazier (a democrat representing the area of Oakley ) is proposing a bill ( AB 2353 ) in the California Assembly that would cut the limitation of actions for construction defect claims from 10 years to 5 years. See, there's this building called the Millennium Tower which is located in San Francisco. It is a 58-story luxury residential building (i.e. condos ) and it is sinking . Not only has it sunk 17 inches since its completion in 2008, but it's now leaning 14 inches towards a nearby skyscraper. The kicker is that the leaning and sinking weren't realized until year 7 (which, under Politician Frazier's bill, would have precluded any lawsuits against the developers). So, how might this apply to Joe Consumer (you know, people not living in the Millennium Tower)? Say you bought a new home in California. Let's say that 5 years and 1 day after you bought your house, you...