Have you heard of this?
Some cities mostly in LA County are requiring presale inspections which are requiring all non-permitted structures and improvements be permitted.
This has been slowing down some sales, and costing banks, and homeowners alike money to bring homes that were built years ago up to todays standards.
Many think that the this has been predicated by the cities desire to bolster revenue, and that may be partially true, however the biggest challenge is that it hinders an already challenged market.
Your Thoughts?
I know the focus is on safety, but is this the right market to place more restrictions on sales?
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