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Florida Condo Owners Dump Units Over Six-Figure Special Assessments
Mishtalk ^ | 5-13-24 | Mike Shedlock

Posted on 05/16/2024 2:48:21 PM PDT by dynachrome

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To: Angelino97

Lot’s of shysters in that red state!


41 posted on 05/16/2024 4:37:06 PM PDT by Bonemaker (invictus maneo)
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To: Bonemaker
Lot’s of shysters in that red state!





That you, Dickie?

42 posted on 05/16/2024 4:42:15 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: ChildOfThe60s

bigtime. We just sold our beachfront condo in Central FL in Aug and our board was FULL of buffoons. We couldn’t exit fast enough and are grateful to have done so (at the top of the market in 3 days)


43 posted on 05/16/2024 4:50:38 PM PDT by spacejunkie2001
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To: Bonemaker

...that are almost ALL yankees


44 posted on 05/16/2024 4:54:39 PM PDT by spacejunkie2001
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To: spacejunkie2001

Beachfront property in central Florida? I’m in central Florida and have to drive an hour and a half for a beach.


45 posted on 05/16/2024 5:04:45 PM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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To: dragnet2

Me either. Bought a townhome in AZ in 2007 when HOA dues were $125/month. The sons of bitches have it up to $400 now.


46 posted on 05/16/2024 5:07:53 PM PDT by Bonemaker (invictus maneo)
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To: napscoordinator

NSB. still considered the central part of the state as opposed to north or south fla


47 posted on 05/16/2024 5:17:59 PM PDT by spacejunkie2001
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To: spacejunkie2001

Got it. Thank you! Enjoy!


48 posted on 05/16/2024 5:24:23 PM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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To: dynachrome

I suspect excessive moisture and reinforced concrete can be a problematic mixture.

The reinforced concrete could weaken from ground water, roof water or plumbing leak water.


49 posted on 05/16/2024 5:34:29 PM PDT by Brian Griffin
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To: dynachrome

A 2018 inspection performed by the engineering firm Morabito Consultants pointed out a “major error” in the construction of the pool deck, whereby the waterproofing layer was not sloped. Rainwater that collected on the waterproofing therefore remained until it could evaporate. Over the years, the concrete slabs below the pool deck had been severely damaged by this water. The report noted the waterproofing below the pool deck was beyond its useful life and needed to be completely removed and replaced. The firm wrote that “failure to replace waterproofing in the near future will cause the extent of the concrete deterioration to expand exponentially”, and that the repair would be “extremely expensive”. The ceiling slabs of the parking garage, which sat below the pool deck, showed several sizable cracks and cases of exposed reinforcing bar or rebar from spalling.

In October 2020, initial repairs around the pool could not be completed because (according to engineers) the deterioration had penetrated so deeply that repairs would have risked destabilizing that area.

On April 9, 2021, a letter to residents had outlined a $15-million remedial-works program, noting that concrete deterioration was accelerating and had become “much worse” since the 2018 report. Although the roof repairs pursuant to the consultant’s report were underway at the time of the collapse, remedial concrete works had not yet begun.

more at:
https://en.wikipedia.org/wiki/Surfside_condominium_collapse


50 posted on 05/16/2024 5:43:40 PM PDT by Brian Griffin
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To: dynachrome

“Condos will be a lot cheaper.”

Sign on I-95 just entering FL from GA:

Florida condos 50% off.


51 posted on 05/16/2024 6:28:08 PM PDT by TexasGator
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To: cuban leaf

Amen


52 posted on 05/16/2024 6:53:05 PM PDT by Recovering Ex-hippie (The 2020 election Trump victory determines the fate f America and Freedom.)
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To: Alberta's Child
old people who are hell-bent on running the place as cheap as possible because they’re 70+ years old and have no interest in paying to replace building elements that will last for 40-50 years.

My wife and I bought a 40+ year old house once. I showed a friend around, pointing out where the detached shed/car-ports needed major work, because the wood was rotten. He looked at the structure, and commented:

“The workmanship is excellent, but the wood is untreated, unpainted, pine. Strange that the builder didn’t use treated wood, or at least paint it.”

I replied:

“The homeowner built it himself, when he was in nearly eighty. He thought cheap pine would last as long he would, and he was right.”

53 posted on 05/16/2024 7:14:41 PM PDT by Pilsner
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To: dynachrome
But what a view!


54 posted on 05/16/2024 7:39:16 PM PDT by moovova ("The NEXT ELECTION is the most important election of our lifetimes!“ LOL...)
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To: Gaffer; dynachrome; Alberta's Child
Walk away and take the hit.

A few years ago the airways were filled with attorneys claiming they could get you out of timeshare contracts that prevented anybody from walking away.

Can these condos/HOAs come after residents who pack up and leave?

55 posted on 05/16/2024 7:49:43 PM PDT by politicianslie (SAFE and EFFECTIVE has become SUDDEN and UNEXPECTED. Use Dr. McCullough protocol to beat death! )
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To: SamAdams76

In Florida you wouldn’t have to shovel snow regardless of the type of dwelling in which you live.


56 posted on 05/16/2024 7:49:57 PM PDT by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no problem)
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To: dragnet2
Are you kidding, even new construction, with the right hurricane can be totally blown away For those who opt to live in hurricane zones I would suggest one story reinforced concrete homes.

There's something in between a condo in Miami that collapsed on a windless night and a building that'll withstand an atom bomb or a category 5 hurricane. (Oh, and the reinforced concrete building that survived Hiroshima was in fact a bank vault...)

57 posted on 05/16/2024 7:52:44 PM PDT by GOPJ ( MSNBC ghouls pretend their 'base' is elites - it's why Biden won't campaign in the black community.)
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To: politicianslie

In my state, a condo association can foreclose on a property over unpaid dues — but that’s it.


58 posted on 05/16/2024 7:54:46 PM PDT by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)
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To: Pilsner

Great story. As one talk radio clown once said about a very old member of Congress: “At his age, he shouldn’t be buying green bananas.”


59 posted on 05/16/2024 7:55:59 PM PDT by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)
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To: GOPJ
Lets hope your, "Something in between" is better than this.

Fort Myers, Fla., aftermath of Ian...

60 posted on 05/16/2024 8:11:22 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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