Would-be home buyers in South Florida are worried about purchasing a property containing tainted Chinese drywall, which is linked to corroded wiring and pipes and a bad odor. Some shoppers are avoiding any property built in the past seven years; others want written assurances from the sellers that the product is not present in the home. Some are avoiding certain housing developments where the tainted drywall has been found in some homes, and others are avoiding homes built by home builders with other affected properties. Some buyers are also hiring inspectors to search for signs of tainted drywall before they purchase the home; however, such inspectors are usually only giving their professional opinion and no guarantee that the product is not present in a building.
It is believed that as many as 36,000 homes in Florida—and 100,000 nationwide—were built using the toxic drywall imported from China, particularly after the busy hurricane seasons of 2004 and 2005 led to shortages of domestic drywall.
For the full story, go to the Palm Beach Post.