Dagenham Fire + Cladding Crisis Continues

What this episode covers

Rob discusses the ongoing issues surrounding cladding in UK housing, particularly in light of a recent fire in a tower block in Dagenham. Drawing parallels to the tragic Grenfell Tower fire in 2017, he highlights the alarming safety concerns related to building materials and the potential negligence in planning approvals.  KEY TAKEAWAYS The recent fire in a Dagenham tower block has reignited discussions about cladding safety, highlighting ongoing issues since the Grenfell Tower fire in 2017, which resulted in significant loss of life and raised questions about building regulations. Eyewitness accounts from the Dagenham fire indicate that fire alarms and sprinkler systems may not have functioned properly, raising serious concerns about the safety measures in place within high-rise buildings. There is a growing demand for accountability in the housing market, particularly regarding how buildings with potentially unsafe cladding have been approved. Trust in builders and the housing market is crucial for future developments. Residents of buildings with cladding issues may face increased insurance costs, difficulties in selling their properties, and rising service charges, which can lead to financial strain and decreased property values. BEST MOMENTS "What's alarming is that people... were trying to set off the fire alarms... that either the fire alarm sprinkler system wasn't working or the alarms weren't working." "If cladding has been faulty or incongruent with the building itself or building rules and regulations, then there has to be some accountability there." "This is one of those expenses that is... necessary, because you're dealing with people's livelihoods here." "If you're going to do something, do it properly, and ideally do it right first time." VALUABLE RESOURCES https://www.bbc.co.uk/news/articles/c8er93k051xo https://www.bbc.co.uk/news/articles/c07e5ke71kmo GET YOUR PROPERTY DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOCIAL MEDIA/CONTACT US https://linktr.ee/thepropertynomadspodcast BOOKS  Property FAQs = https://amzn.to/3MWfcL4   Buy To Let: How To Get Started = https://amzn.to/3genjle   101 Top Property Tips = https://amzn.to/2NxuAQL   uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

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