Posted on 06/29/2021 12:11:50 PM PDT by libstripper
Link only. Text is almost impossible to copy. That being said, this extensive, long DM article is just about the most complete to date. Along with its text, it includes a massive collection of photos and videos.
(Excerpt) Read more at dailymail.co.uk ...
San Francisco. 175 Bluxome St. Banana Republic moved all of their employees out of the building due to ‘structural integrity’ issues. Happened overnight. Next thing you know they got sued for breach of contract. The company was growing too fast for the building to accommodate everyone. 2 years later the 1989 earthquake hit and 4 people were crushed with old bricks. These were small businesses who could not afford these studies. This group of people were caught between a rock and a hard place. Can’t abandon their nest egg and can’t afford the big improvements. The owners of a twin building are staying. I’d leave.
110K per tenant to fix.....Owners dragged their feet until it cost them their lives.
President Biden and the First Lady will visit the site on Thursday. ................................
They complained why the work hadn’t started yet they complained about having to pay the $80K-$330K for the repairs. Seems like the condo people knew about the problem but didn’t want to pay for the repairs. The situation is sad but everyone always find someone else to blame.
There are two other towers adjacent to the one that partially collapsed, built by the same builder with similar plans.
Imagine what’s just happened to their owners’ equity.
Yep, this is so sad. We know that being told that you have to cough up $110,000 for repairs, would not go over well.
I’ve never lived in a condo. But have known people who did, and all complained about monthly condo fees, and occasional repair and maintenance assessments. But some of those assessments were for repaving the parking lot, or painting, which those people didn’t think needed to be done.
The owners, as a whole, appear responsible for the safety issues that led to their own deaths.
May God bless all these responders; this was horrible.
The residents ARE the owners. Who can they sue but themselves?
Think Katrina. Once people started building in the flood zone it didn’t stop. Taking care of the flood walls was someone else’s department who didn’t do their job. So go ahead and blame everyone. Their homes were still destroyed. SF is at least trying to earthquake proof their buildings. no guarantees.
This is a long but very comprehensive article.
Many photos show numerous faults with the property.
If I lived in a condo built by the same crooks, I would evacuate immediately.
I foresee billions of dollars in legitimate lawsuits .
The price of 30 year old beach-side condos in South FL just took a huge hit....
Ya think?
I’m sure the statute of limitations has long expired.
Condo owners or their relatives will hit the Condo Board with 150 million lawsuit.
I work Thursday or I’d drive down there and hold up signs saying you stole the election, Fraud.
The downside to owning an apartment in a Condo.Anything unable to be paid from the Condo reserve account is billed to the owners as an additional assessment.
Of course now that the building has collapsed the insurance company will most likely have to pay.
The original builder died a few years ago.
He had Mafia written all over him.
This is a tough one.
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