This is a legitimate concern and as an eastern european I’ve always wondered what happens to old condo buildings, of which we have plenty. Turns out every once

This is a legitimate concern and as an eastern european I’ve always wondered what happens to old condo buildings, of which we have plenty. Turns out every once in a while the gov picks up the tab and performs the reparations, while giving the residents an option to pay for the expenses during the next eg. 10 years or when selling their property. Some do refuse of course but mostly it works because the added value is quite high since it happens in hot areas where price/sqm is above avg. There are also estate investors buying bulk property in these old blocks knowing they will benefit from it, pushing retirees aside. There are still plenty of troublesome condo blocks laying around without anybody touching them, but this might be a decent approach.