That you, Dickie?
Posted on 05/16/2024 2:48:21 PM PDT by dynachrome
Have a Florida condo? Can you afford a $100,000 or higher special assessment for new safety standards?
After the collapse of a Surfside Building on June 24, 2021that killed 98 people, the state passed a structural safety law that is now biting owners.
Not only are insurance rates soaring, but owners are hit with huge special assessments topping $100,000.
(Excerpt) Read more at mishtalk.com ...
Lot’s of shysters in that red state!
That you, Dickie?
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)
...that are almost ALL yankees
Beachfront property in central Florida? I’m in central Florida and have to drive an hour and a half for a beach.
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.
NSB. still considered the central part of the state as opposed to north or south fla
Got it. Thank you! Enjoy!
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.
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
“Condos will be a lot cheaper.”
Sign on I-95 just entering FL from GA:
Florida condos 50% off.
Amen
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.”
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?
In Florida you wouldn’t have to shovel snow regardless of the type of dwelling in which you live.
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...)
In my state, a condo association can foreclose on a property over unpaid dues — but that’s it.
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.”
Fort Myers, Fla., aftermath of Ian...
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