Regulatory vacuum and housing boom

“. . . the failure of post-Mubarak administrations to enforce building regulations triggered a boom in construction of low-cost housing, which has buoyed steel firms. . .

This is from an October 27, 2013 Reuters story about the Egypt Steel Company hoping to build more capacity to meet increased demand.

After being rattled first by the idea of a regulatory vacuum as being good for the housing developers if not tenants, I then rattled myself further by the thought of low-cost steel mills built in such a vacuum.

I have no knowledge of how good the building codes are in Egypt or how well or poorly they were once enforced.