Cost of E & O insurance

[sutcac]

The 2002 "right to repair" law has started to ease this very bad situation in the condo market and some E&O carriers are starting to respond. Mine allows me to do a certain percentage of them in any given year. I did a six-unit one two years ago but it has never gotten built. Just didn't pencil-out once we finally got Planning approval, and partially due to the dip in real-estate.

Here's a good article-

http://www.triallawyersinc.com/ca/ca03.html

Hopefully this will turn around, as I think we desperately need more affordable housing in CA.