Legal

Construction laws exist to protect consumers from shoddy and dangerous buildings. Construction companies follow strict guidelines in the construction of residential, industrial, and commercial buildings. Construction laws are guided by state, local, and universal building codes.

In California for example, most structures being built have to have components built into them to withstand earthquakes. By contrast consider the devastating earthquakes that hit Turkey in 1999 killing thousands. Buildings simply collapsed during the shaking because the construction codes were not followed.

How Important are Construction Laws?
Companies that built residential structures in Turkey watched as their buildings toppled down floor by floor. Because they neglected to follow governmental construction codes people lost their lives. Laws governing construction are paramount for the safety and stability of our capital system.

In the book The Mystery of Capital, De Soto communicates the link between successful capitalistic systems and home ownership. Because home ownership is fundamental for a successful economy, the proper construction of homes and other buildings is fundamental. If you need assistance interpreting construction laws you should seek immediate legal assistance.