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I read somewhere -- unfortunately can't find it -- that the fees for the repairs to the collapsed condo where $90k-ish for even the smallest units there. I can
by x0x0 5y ago
I read somewhere -- unfortunately can't find it -- that the fees for the repairs to the collapsed condo where $90k-ish for even the smallest units there.
I can't imagine a world where you get an inspection done and residents get told congrats! you owe $100-$350k (depending on the size of your unit) where that isn't a glacially slow process that doesn't generate lots of pushback.
Particularly in Florida where I bet you have lots of retired folks living in those condos.
edit: I was off on the numbers. $80k for the smallest units to $336k for a penthouse [1]. Doesn't really change my conclusion about how folks react when they wake up and get a low six figure bill
[1] https://www.cnn.com/2021/06/28/us/surfside-condo-owners-assessments-invs/index.html https://www.cnn.com/2021/06/28/us/surfside-condo-owners-asse...