Home > Building Codes > Permits Anyone?: As Prices Decline, Investors Swoop In

Permits Anyone?: As Prices Decline, Investors Swoop In

March 30th, 2009 Leave a comment Go to comments

At the airport in San Francisco yesterday while waiting for my flight, I read this in the San Francisco Chronicle:

The Bay Area reached a peak median sales price of $720,000 in spring 2007. In February, the median was $295,000. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/03/29/MN3K16M9RT.DTL&hw=median+house+values&sn=001&sc=1000

The article went on to discuss how buyers, especially investors are now moving in to purchase these “bargain” properties. Some are doing it to rent them and others are doing it to flip them. I wonder how many of these new buyers are getting the right permits for the work they are doing or properly registering the rentals in those jurisdictions where it’s mandatory? I suspect we’ll be seeing those kinds of issues crop up for a long time.

Categories: Building Codes Tags:
  1. Kelly Anbach
    April 2nd, 2009 at 05:49 | #1

    One thing you already know is Hinsdale has a new ordinance:
    Additional fee for work performed without a permit. A fee for work initially performed without a permit in the amount of two hundred fifty dollars ($250.00) or fifty percent (50%) of the applicable permit fee, whichever is greater, shall be imposed in addition to the applicable permit fee.

    Even though it was just approved I have caught 3 people doing work without permits. Hinsdale like many communities accross the United States are going to see people try to do what they can to save on time and money.

    I can see work being done at night more and more to avoid being caught.

    Lets just hope that the ones who don’t get caught by local government have done the work to code.

  2. Mick @Villa Park
    April 9th, 2009 at 15:36 | #2

    I think thas as the economy remains slow this will be seen more as people try to cut costs.We give them 24 hours after catching them to come and get the permit, and then we try to work with them as much as possible before pushing fines or tix.

    Happy Easter To All.

  1. No trackbacks yet.

To fight spam, please answer this math problem before submitting: * Time limit is exhausted. Please reload CAPTCHA.

Contact Linda: lpiec@sbcglobal.net | 2021 Midwest Road, Suite 200, Oak Brook, IL 60523 | Phone: (630) 655-8783

This blog site is published by and reflects the personal views of Linda Pieczynski, in her individual capacity. It does not necessarily represent the views of her law firm or her clients, and is not sponsored or endorsed by them. The purpose of this blog site is to assist in dissemination of information about legal issues relating to building code enforcement, but no representation is made about the accuracy of the information. The information contained in this blog site is provided only as general information for education purposes, and blog topics may or may not be updated subsequent to their initial posting.

By using this blog site you understand that this information is not provided in the course of an attorney-client relationship and is not intended to constitute legal advice. This blog site should not be used as a substitute for competent legal advice from a licensed attorney in your state. This blog site is not intended to be advertising for legal services and Linda Pieczynski does not wish to represent anyone desiring representation based upon viewing this blog site in a state where this blog site fails to comply with all laws and ethical rules of that state.