Thousands of Florida homeowners are considering abandoning their homes because of tainted Chinese drywall, which causes corrosion of metal parts and the failure of electric, air conditioning and plumbing systems,.
In retirement community Sun City, 16 out of 20 houses on one cul-de-sac have tested positive for the tainted drywall, and it is believed that at least 35,000 Florida homes were built using Chinese drywall. At an estimated cost of $100,000 in repairs per home, affected homeowners—particularly retirees on fixed incomes—often can’t afford the repairs, and insurance companies are refusing to cover them. U.S. Senator Bill Nelson (D-Fla) says the Chinese government will need to step forward to pay for the damage. In the meantime, some people are walking away from their homes, and more are unfortunately expected to follow.
For the full story, go to My Fox Tampa Bay.