polybuteline pipe replacement

crayallicaMay 8, 2007

I am a stay at home mom of 2 boys, ages 3 and 4. We live in moderate income affordable housing in a condo unit. It has recently come to our attention that all the polybuteline pipes that were installed when the developement was built 18 years ago are decaying and in need of immediate replacement. The cost of this renovation will be $5000 per household. This was unexpected and will truly bring great financial hardship to my family. A class action lawsuit was not an option due to statute of limitations. We were given the option of either paying the $5000 up front or participating in a 10 year loan program at 7% interest. The payments would be $60 per month brining the entire cost up to almost $7000 ! I am at my wit's end and in dire need of advice. Paying up front would deplete a very large part of our savings. Does anyone know of any resources that might be available to help defer some of this cost?

Also, the Fair Market (not affordable housing units) will be paying almost the same amount as "Affordable" units.

I live in a great community and feel blessed to be here, but this has me a wreck.

Thanks so much!

Thank you for reporting this comment. Undo

sounds fishy I would do a bit more investigation before signing up for either program. What happens if you refuse to have your replaced if it is not leaking?

    Bookmark   May 17, 2007 at 2:10PM
Sign Up to comment
More Discussions
Bad contractor web site
is there a site to post contractor complaints on??? Just...
Bleach product discolored my kitchen countertop!
I used Clorox Cleanup in my kitchen to clean and disinfect....
Getting cat urine smell out of carpet...
What's the best way? Or what's the best thing to make...
damp brickwork
Please can you help with damp brickwork at the front...
Strange 'fishy' smell
Hello all - My parents are having an issue with a somewhat...
Sponsored Products
Cathedral Queen Size Platform Bed
10 Inch Wide Round Bulkhead In Rust
$37.81 | Bellacor
Flat Chrome Modern Heated Bathroom Towel Radiator 59 x 23.5 & Valves
Hudson Reed
Twisted Mother of Pearl Crystal Table Lamp
Oil Rubbed Bronze Energy Star Wall Sconce with Switch with Frosted Glass Shade
$33.00 | Bellacor
44" White Cherry Blossoms LED Floor Lamp
Lamps Plus
Tech Lighting | Firefrost Pendant
$280.80 | YLighting
Florence Knoll Style Sectional-Ivory - 100% Italian Leather
IFN Modern
People viewed this after searching for:
© 2015 Houzz Inc. Houzz® The new way to design your home™