Consumers are purchasers and users of products and services.  They have certain expectations, particularly if the item or the service they buy is expensive.  Often some of these items come with warranties.  Sometimes these warranties come in writing but at other times they are implied.  Despite the glossy brochures, the clever ads with the catchy descriptions, the promises and the dreams that are being bought and sold, are American housing consumers getting what they think they are buying?

John Cowherd joins us On The Commons.  John is a Virginia attorney with a passion for protecting individual property rights.  He represents owners in court. He is also a passionate blogger called Words of Conveyance where he writes about some of the issues homeowners and housing consumers face on a daily basis.  We learn about a law suit arising out of the purchase of a couple of luxury Hotel Condominium units in Trump Tower in Chicago.  We discuss the perils and the merits of owning common elements in a residential association.  We also talk about warranties.  What should consumers know about them and what to look out for. It is important to know and understand what is being bought.