i don't want this anywhere near my home please
Garbage, sure, decompose away.
At that point, not having the PET broken down into monomers is a pretty lousy silver lining.
(Seriously though, it needs fairly particular conditions to work.)
And it's not like the ability to dissolve plastic is new; there are plenty of solvents which will do this for various plastics.
I was going to say that it probably isn't PET, but a bit of Googling quickly turns up articles about people making houses out of recycled plastic. If that's what it is, it could well be PET.