Construction defect reform advocates lose at state house (CO), then win in court
When a new condominium project is built in Colorado, there is a high possibility that the developer will eventually be sued for construction defects. As a result, many developers say that it is simply not economical for them to build condominiums for sale. Instead, many developers construct condominiums and lease them as apartments, at least until the statute of limitations has run for construction-defect claims. This arguably contributes to a shortfall of affordable housing for those who can afford to purchase a condominium but not a single-family home. Read the article………..
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