Housing Boom's Shoddy Construction Buying Frenzy

CNN/Money magazine finally did an article to warn home-buyers that homes built during booms are often slipshod because builders rush to the next overpriced paycheck while buyers frenzily outbid each other on new construction that can be inferior to an older home built during leaner times.

"The house is essentially splitting in two."

"He said the walls were life-threateningly out of plumb."

Unfortunately, the housing boom ended last year (or the year before) so this article warning people about buying new homes during a boom is a few years too late for thousands of boom buyers.