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Those crazy Californians...

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[#1] Posted: 01/22/2014 - 12:21:56 PM
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A Superior Court Judge has found 3 companies liable for $1.15 billion in damages for the clean up of lead based paint and in the process declared 5 million homes across the State a Public Nuisance.

Home prices could plummet as a result.

Read the full story here.

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Those crazy Californians...
[#2] Posted: 01/23/2014 - 01:08:18 AM
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From the article...
"Meanwhile, the other $400 million will be used to pay for inspectors to look for evidence of lead paint in pre-1979 homes."

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Those crazy Californians...
[#3] Posted: 01/23/2014 - 05:21:32 AM
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Seems like inspectors have found gold again in CA...'Lead is Gold'.

Marc

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Those crazy Californians...
[#4] Posted: 01/23/2014 - 05:50:25 AM
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Those inspectors will be municipal employees.

Only a government would provide man power and a $30,000 XRF for that little scratch. At 50% compliance that's $160 each.

I expect at least a dozen positions, you know, for efficiency.

Worse than that, the really crazy regulations the rest of us have to live with get exported from Cali.

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Those crazy Californians...
[#5] Posted: 01/23/2014 - 08:14:28 AM
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Quote: Originally posted by Marc

Seems like inspectors have found gold again in CA...'Lead is Gold'.

Marc

alchemy

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Those crazy Californians...
[#6] Posted: 01/23/2014 - 08:15:57 AM
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There's going to be an appeal, and after that more appeals, and the whole thing will just turn in to a free-for-all for LA lawyers. Paid for by tax payers and the consumers that have to buy paint.
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Those crazy Californians...
[#7] Posted: 01/23/2014 - 08:29:17 AM
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I thought they were supposed to break off and sink into the Pacific a while ago. What's the hold up?
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Those crazy Californians...
[#8] Posted: 01/23/2014 - 1:25:09 PM
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Quote: Originally posted by gtblum

I thought they were supposed to break off and sink into the Pacific a while ago. What's the hold up?


Nevada !!!

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Those crazy Californians...
[#9] Posted: 01/27/2014 - 7:54:07 PM
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Will it make my investment properties built in the 80's worth more?
   
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