Chinese Drywall Scare

[Don Hines]

I found an interesting property that comes with a chinese drywall disclosure. I searched BP for threads. But, I didn't find one recent.
Rich
That stuff still as bad as we originally were told? Anyone?

thanks
Don

[James Vermillion]

Originally posted by Rob K:

I have heard of houses having to be gutted to get rid of the drywall. Most insurance companies will not insure if there is any Chinese drywall and most mortgage companies won't touch it either. It was very commonly used in Florida during the real estate boom.

It baffles me that drywall (which is extremely heavy) could be produced in China, shipped here, and then sold for a profit.

Rob K, I work in Logistics and when I first started I was incredibly surprised to find out how cheap ocean freight actually is, which made a lot of things make more sense.