Tom Raymond Posted January 22, 2014 Report Share Posted January 22, 2014 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. Link to comment Share on other sites More sharing options...
Mark P Posted January 23, 2014 Report Share Posted January 23, 2014 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." Link to comment Share on other sites More sharing options...
Marc Posted January 23, 2014 Report Share Posted January 23, 2014 Seems like inspectors have found gold again in CA...'Lead is Gold'. Marc Link to comment Share on other sites More sharing options...
Tom Raymond Posted January 23, 2014 Author Report Share Posted January 23, 2014 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. Link to comment Share on other sites More sharing options...
Les Posted January 23, 2014 Report Share Posted January 23, 2014 Seems like inspectors have found gold again in CA...'Lead is Gold'. Marc alchemy Link to comment Share on other sites More sharing options...
John Kogel Posted January 23, 2014 Report Share Posted January 23, 2014 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. [] Link to comment Share on other sites More sharing options...
gtblum Posted January 23, 2014 Report Share Posted January 23, 2014 I thought they were supposed to break off and sink into the Pacific a while ago. What's the hold up? Link to comment Share on other sites More sharing options...
Nolan Kienitz Posted January 23, 2014 Report Share Posted January 23, 2014 I thought they were supposed to break off and sink into the Pacific a while ago. What's the hold up? Nevada !!! Link to comment Share on other sites More sharing options...
Wasden Posted January 28, 2014 Report Share Posted January 28, 2014 Will it make my investment properties built in the 80's worth more? Link to comment Share on other sites More sharing options...
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