What happened to caveat emptor?

I ask whatever happened to the caveat emptor – the idea that buyers take responsibility for the condition of the items they purchase and should examine them before they make a purchase – because of the recent Administration decree that all homes on Lawn and Home avenues should be “quiet”. Now, I am neither involved in the decision nor an expert in the matter, but it seems that it was an administrative decision motivated by local complaints about noise on weekend nights.

The logic of these complaints escapes me. If you buy a house near a dump yard, it will stink; if you buy a house near a college campus, there will be raucous weekend nights. Unless the situation has recently radically changed, all of the homeowners on Lawn and Home Avenues knew that they were buying real estate near a college campus and, had they done even a cursory investigation, they would have known about the noise levels on weekends. It is entirely reasonable to expect that a street full of college students will be noisy occasionally, and it is equally reasonable to expect a buyer to be aware of that reality. In fact, these homeowners probably took advantage of real estate values that were depressed on account of the noise. Lawn and Home Avenues homeowners were, or should have been, aware of the noise levels when they made their purchase. It is a shame that the Administration, to the detriment of students, has capitulated to their demands.