Our neighbors are raising $ to keep this man in his home because Berkeley put a receiver in charge of getting his house code-compliant, and the receiver managed to turn a $180,000 repair estimate into $750,000 worth of work.https://twitter.com/SchildtChris/status/1103137141259792384 …
Can’t they just demolish and replace it with a prefab ADU or something?
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Ok. Say basic duplex costs 200k. Then the house had all sorts of code issues. So bump it to 250k and add another 100k for the rest of the house. So 350. Then carrying costs. Then receiver fees (some was waived, but it ain't free). For years. Yeah, 750 is possible.
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The receiver submitted an estimate for $180k to address all the code violations. That's their own assessment of the fixes needed. So how did it balloon to over $700k?
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