110K per tenant to fix.....Owners dragged their feet until it cost them their lives.
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.