Scarano and The Washington on... wait for it...

WhyFi wrote:
That being said, I understand that there are several units in the Washington that don't have those structures and that many of them are already sold... those people are in limbo and I don't know that there was necessarily any way that they would have known. Sucks for them, big time. I wonder if any of them have considered getting together and suing for their money back and then some - lost interest, rent/mortgage costs on their current dwelling, lost RE opportunities while their money has been tied up in this fiasco, etc, etc.

Exactly. Can the city please let these people move in already and focus their attention on Scarano himself? Unless the city's going to require the entire building to be destroyed and rebuilt according to code, any further delays are just punishing buyers, most of whom bought the units months if not over a year ago. At the time of purchase there was no plywood. Levy a fine on Scarano, revoke his license, and move on.

theoryofpractice wrote: [quote=escap]Like I said, because he broke the law he should be punished, in whatever way the law specifies. But the buyers should not be punished--how is it their fault?

NY is structured as a buyer-beware state. There is no obligation to reveal defects; people here must understand this and do their due diligence. Or, they should advocate to change the laws.

Perhaps there should be pressure instead to refund deposits.

I think that if you are purchasing a "new construction" condo the sponsor is responsible to provide you with a purchase exactly as it appears in the offering plan.