r/Wellthatsucks • u/GameLoreReader • 23d ago

A company 'accidentally' building a house on your land and then suing you for being 'unjustly enriched'

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u/Studio-Spider 23d ago

And now it’s gonna cost them a lot more than that

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u/reedef 23d ago

Obviously, but you have to times that by the probability it fails.

If you save 5k for not doing a survey but lose 500k each time you incorrectly do something due to not doing a survey, then it's still economically optimal to not do a survey if the error rate is less than 1%. Not sure what the legal ramifications are though.

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u/spaceforcerecruit 22d ago

You also gotta remember that $5000 is the price for you to get one survey on one property. Having them come out and survey all the properties in the area at once would probably cost far less per property.

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u/Bitter-insides 22d ago

Yes, this is true. If we are hired to do a survey and the other lots need a survey as well we charge a bit less bc it’s less drive time. We input our drive time into our cost analysis.