"I think what the general public doesn't understand is the difficulties in going from an empty lot to a livable house, Zuru Tech U.S. operations director Marcel Fontijn said. Rebuilding is not for everyone. Design times, selecting contractors, permit pulls and then the actual construction has led some residents in the fire-impacted areas to sell. For Zuru Tech, the lots they grabbed up 15 at last count will make for nice case studies for its technology."
"For us, we have a research project that focuses on factory-built homes, and we saw an opportunity, Fontijn said. If you imagine there being rebuilding efforts on 300 houses that burned down in terms of how many contractors, how many framers [and] how many roofers, where are you going to pack all these people? And that's where we really saw that we can provide a solution to a problem."
Social media criticized the buyer of multiple Malibu lots and made mistaken assumptions about the buyer's ethnicity. Rebuilding from empty lots to livable houses faces difficulties including design times, contractor selection, permit pulls, and construction. Some fire-impacted residents have sold lots. Zuru Tech of El Segundo purchased 15 lots to serve as case studies for factory-built homes. The company creates design and manufacturing software that powers robotic factories owned by parent Zuru Group of Hong Kong. Factory-built homes can be installed in two to three months. The company estimates work on the first structure to begin in about a year. Market comparables are scarce and MLS listings were sometimes misclassified.
Read at therealdeal.com
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