If it were to slip by us and the house fail, even then it’s difficult. Almost everything in my city is custom spec homes for the mega-rich, and the developers set up an LLC just for building the one house and dissolve the company as soon as the house sells.
What I’ve learned doing development review for houses being sold to billionaires is that contractors will try to do cheap, shitty, unsafe work no matter how rich the client is.
It’s one of the big issues that capitalists continually overlook. In most states starting an LLC is nothing. My state it’s like $800 and a 1 page form plus getting a tax id (free and another 1 page form). There’s tons of shitty contractors that will start an LLC, do garbage work and get trashed online, then just fold it and start a new one every 6-12 months. Then if you need warranty work or whatever it’s like “oh sorry, company went under”. But the illusion of the small business being viable means this loophole will never be patched
You can and should check licenses and not hire unlicensed workers, but even that is almost impossible now as many contractors are licensed but never do any real work, they just come out, assess your issue, and then hire subcontractors for a couple hundred bucks per day. Your $30,000 roof replacement is like $1-2k in wages to workers, 8-10k in materials, and $20k to line the pockets of the fat shit “running the show” so he can keep up on the lease payments for his 4 million dollar house and 110k ford f150 that’s never seen a day of work
can you fine those who fake official stamps?
Not really. We can refuse to issue the permits.
If it were to slip by us and the house fail, even then it’s difficult. Almost everything in my city is custom spec homes for the mega-rich, and the developers set up an LLC just for building the one house and dissolve the company as soon as the house sells.
What I’ve learned doing development review for houses being sold to billionaires is that contractors will try to do cheap, shitty, unsafe work no matter how rich the client is.
Fascinating. Insane, but it makes sense in today’s economy. Thanks for sharing
It’s one of the big issues that capitalists continually overlook. In most states starting an LLC is nothing. My state it’s like $800 and a 1 page form plus getting a tax id (free and another 1 page form). There’s tons of shitty contractors that will start an LLC, do garbage work and get trashed online, then just fold it and start a new one every 6-12 months. Then if you need warranty work or whatever it’s like “oh sorry, company went under”. But the illusion of the small business being viable means this loophole will never be patched
You can and should check licenses and not hire unlicensed workers, but even that is almost impossible now as many contractors are licensed but never do any real work, they just come out, assess your issue, and then hire subcontractors for a couple hundred bucks per day. Your $30,000 roof replacement is like $1-2k in wages to workers, 8-10k in materials, and $20k to line the pockets of the fat shit “running the show” so he can keep up on the lease payments for his 4 million dollar house and 110k ford f150 that’s never seen a day of work