[FalloutShelterGirl]

None of this is unusual either. Condos can be good or bad, depending on management. Based on stories from assorted owners I know, it's surprising this doesn't happen more often. Needed maintenance can be kicked down the road for years, especially if the management company gets wind that a developer "may" buy them out. Then the greed kicks in...

Meanwhile, this part of Florida is very corrosive to everything.

[TheWriterTX]

Management in a condominium can only do what the Board authorizes them to do. Managers do not control the purse strings.

Further, the management fee covers staff time, accounting, etc. It does not cover massive infrastructure repairs.

[zeestephen]

Re: "Based on stories from assorted owners I know, it's surprising this doesn't happen more often."

That statement is ridiculous.

There are literally thousands of condos on the Florida Atlantic coast.

NONE of them have ever collapsed and killed hundreds of people.

The reasons are obvious...

Every condo unit is privately owned - most people who own things are consciously concerned about maintaining the value of what they own, limiting their personal liability, and - for owner occupied units - preserving their own lives.

Almost every condo unit is insured. What insurance company would write a condo unit policy if they thought the building might collapse?