Nonsense. There is seldom a justification for increased regulation and legislation and this is certainly not one of them.
The problem is where does one draw the line? To check on every detail would require a huge army of inspectors and administrators. This isn't wealth creating, and too large a proportion of the workforce is in administrative work as it is.
I'm not in favour of parasite lawyers making money, but if heavy fines and compensation were awarded against errant construction companies then they would take notice and control their activities rather better.
I don't disagree with that, but it should be the responsibility of the construction company. It is with every other product that the consumer buys.
Since a lot of problems with a house don't appear for a period of time, then a proper guarantee covering most aspects of the house should be required and implemented properly, not the weak NHBC thing that we have today.
Perhaps there should be an escrow system for the last X% of the purchase money of a new property. In other words the purchaser pays most of the money to the developer in the usual way but X% goes into a separate account, not under either party's control for a period of say a year. At the end of the year, the purchaser signs a release for the money if all is satisfactory and the developer receives this plus any interest. Having the money outside the direct control of either party makes sure that it is available as long as the contract conditions have been met.
That's a separate issue. There's nothing wrong with making profits.
Numbers of houses built is a separate issue to their quality, except in that large building rates exacerbate the skills shortage which hardly helps quality either.
The real problems are threefold:
- Customers wanting things on the cheap
- Customers not complaining when things are wrong
- Lack of encouragement and incentive for young people to go into the construction industry because the idiot in No. 10 wants them to go to "universities".
I was.
Nothing wrong with that.
or that.
.andy
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