Interesting story out of Louisiana regarding a Chinese drywall manufacturer. The repercussions for property investors in the US are interesting to say the least. Maybe, just maybe a ruling in favor of the little guy will make a difference. Press release: The Louisiana court issues second major win for homeowners in less than a month; 25,000 homes nationwide contain defective Chinese wallboard that can emit toxic sulfur fumes, corroding plumbing, wiring; verdict covers full repair of home built after Hurricane Katrina; faulty drywall called “poltergeist” by trial attorney.
More on Federal Judge Awards New Orleans Family $164,000 in Damages
With property values continuing to decline all around the world, one has to ask the question as to which market is the most likely to become an attractive investment destination first. Personally, I think we have some considerable distance to fall still, but that gives the property investor time to give serious consideration as to their next investment. Anyone considering buying property in the USA as an investment should seriously look at Las Vegas with an eye on the future.
More on Las Vegas Real Estate as an Investment – Place Your Bets
