Inspector Tom has been busy lately with Insurance Verification Inspections. Insurance verification inspections are just as they are described. We "verify" that what the insurance company is insuring is actually at the site. These types of inspections can be completed on one piece of leased equipment or on a building as large as a covered mall.
As you know, the home mortgage industry has taken a large punch in the gut over the issueing of mortgages that had no hope of succeeding to maturity. As a result the entire industry has suffered. I am commenting on this today because we in the Inspection industry have also taken a hit. This is however, a very good time to buy a house. The surprising part of all this is that the interest rates have not changed much at all.
The price of gasoline has driven everyone to seek housing closer to their place of work. Inner-city housing is becoming very popular and developers are scrambling to find buildings to renovate in the inner city. Abandoned areas of large metropolitan areas are becoming once again populated. It is a real migration from the suburbs back to the urban area.
I look forward to doing inspections for insurance companies who are tied with urban developers and inner city real estate sales. I can see a whole new market exploding. The inspector who does not want to conform to the different housing choices in the inner cities will be missing the boat.
Keep your eyes open! Look for future developments to happen inside the city, not in the suburbs.
Until next time-Inspector Tom
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