Houston's housing market is strong, and so is our homebuilding industry's commitment toHe might as well have said, "we are legitimate businessmen". A new home buyer is not interested and probably couldn't understand what standards are being followed, or what standards had to be mandated by the state since the homebuilding industry could not police itself. They are more interested in trusting their builder to do what is right, after all, they are giving them 30 years of their life in a mortgage. It is really all about trust, something Binash doesn't quite understand.high standards.
Some homeowners might not have a clear picture of the stringent building codes in effect in Texas, but this state has a statewide residential building code that includes provisions for windstorm protection in the coastal areas.
Obviously the state of the industry has driven Binash to say his industry is legitimate when it comes to building codes and rattles off a number of mandates the state has imposed upon the industry. It really begs the questions: If you are a legitimate businessman, why did you wait for the State to mandate the use of building codes?
When it comes to trust, the Texas homebuilding industry is about as bad as Enron's Ken Lay promoting electricity deregulation. So bad, the State had to spend $14 million a year on a builders commission to police Binash's industry since they were incapable of policing themselves. Binash confirms this:The various legislative measures mandating building code requirements create a system of oversight and accountability that was fully supported by homebuilders because it is our sincere desire to raise the bar and create a principled industry that protects consumers while ensuring that homebuilding and homeownership remain viable and productive drivers of the economy.And by the way........"I'm a legitimate businessman".
5 comments:
You have to wonder why a businessman would have the need to say "I'm a legitimate businessman".
He wouldn't and didn't. Binash didn't say that.
Your claim that he did is a lie.
The 2 editorials in the Houston Chronicle had my head shaking this a.m. and now. I had to hold on to my chair to steady myself.
Quite a spin by 2 of the industry's people downplaying the horrors of the subprime mess here in Houston and trying to tell consumers how well homes are built.
I would say since the Chron. has allowed people to see the downside of the building industry I guess it is only fair to give them their time. Now if people want to believe them that will be their problem.
Maybe Mr. Banish would like to visit my place or meet with so many victims of his industry.
Then we could have Mr. Holder take a quick run through so many subdivisons and see for himself what the situation is. There is a big problem when new subdivisons have a high foreclosure rate and no one is taking responsibility nor will they point a finger.
"I'm a legitimate businessman"....building homes that come with a one year warranty.
Well, woop-de-doo.
But still we continue to elect Republicans to political office, confirming that most voters haven't got the first clue about looking out for their own economic self interests.
He didnt say that in the blog entry.
Sounds like someone is sniffing the homebuilders butt.......
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