Thanks for that informative reply. I didn’t know there is so much higher risk in new purchase. My concerns about buying a new house are more “engineering based” – let someone else do the “beta testing”; I am afraid of construction defects that may show up after a while, especially ground settlement/water related. (The house we owned & sold was involved in a similar lawsuit before we bought, and I was a little apprehensive at first looking at all the microfilms full of ‘disclosure’). Especially, anything built in the last 5 years or so should be suspect quality wise. But you add a compelling reason why I should just stay away from anything newly built.
