Florida condo owners face unretiring or selling homes after being hit with $100,000 in special assessment

[Geek Nasty]

Didn’t read but from that building collapse story, they found out all these condo management groups kept getting regular repairs voted down by the residents. Now the government had to step in and everything is coming due all at once.

Another libertarian dream turns into a nightmare

 

[Mowgli]

who the hell should the expense be on?

the people who own the units effectively own the building, so they are exactly who should be paying for major repairs.

I misspoke. It's tough.

They have to enforce updated measures at the behest of insurance companies for public safety.

The same people/families who don't want to spend money to update the building will be the same people sueing the city when they get pancaked saying why didn't the city enforce new standards. Saying they would have spent the money if they knew their life was on the line

It's a lose lose.

 

[sportscribe]

First thing I would do is call for a structural audit of the building, then raise an open tender to construction firms to go for the lowest cost options.

As HOAs are technically legal entities, would then get a loan for the cost of the maintenance and repairs, with a long repayment period. It would increase the monthly HOA dues without forcing owners to fork out a lot of money up front.

 

[WIA20XX]

 

[Wiseborn]

"Retirement".

See yall at Home Depot.

Retire in condos brehs.

They can always raise the association fees to force a sell.

 

[Richard Glidewell]

This that fu k around and find out......all the embezzling and let it slide done took a shark bite out they asses........they was willing to let shyt just rot away until being held accountable.......now they just pass it along no skin off they dikk.......ooooh but the people they was supposed to be working is fukked......hard.......dry......then again.......fukk florida.......they had it coming

 

[Braman]

you sound like an rambling idiot

 

[Mordith]

I don't believe this. They just wanted to save a buck by passing the buck.

You got me. I don't. Care to explain it?

No because if you are too stupid to comprehend what's already been posted by numerous posters in this thread to realize on your own why your original post was idiotic then I'm not wasting another second of my time on you.

 

[WIA20XX]

Wonder how many DeSantis and Trump Voters are in these Condos?

 

[Pull Up the Roots]

angry weirdo babble.

Just say you can't and keep it moving then.

 

[beenz]

First thing I would do is call for a structural audit of the building, then raise an open tender to construction firms to go for the lowest cost options.

As HOAs are technically legal entities, would then get a loan for the cost of the maintenance and repairs, with a long repayment period. It would increase the monthly HOA dues without forcing owners to fork out a lot of money up front.

Might work, but what if people wanna sell?. Usually a long term debt can't simply be transferred easily.

 

[Richard Glidewell]

The residents need to make sure they insurance is paid up and go full new York developer on they ass........

 

[King Poetic]

Sell that shyt and move your asses to Kansas or Iowa

 

[itsyoung!!]

Be in RED states

Oh yea the housing situation in California is so great

 

[Braman]

most of these people had steller retirements and 401ks and voted against their interest and to spite the black people that were born and raised ther for generations. This what happens when your state have next to little infrastructure for your beach front condo

Yea, we’re fukked

Believe it or not, every issue is not a political one. My viewpoint has shyt to do with voting, or Desantis, or Florida, or CaCs, it’s a larger issue/discussion of corporations purposely squeezing out individuals, with a long term goal—-nationwide—-of having a complete monopoly on housing, a nation where everyone rents.

From condos to SFH from red states to blue. The building collapse was just the excuse they used in THIS case. In other cases its property taxes, in others it’s redlining, in others it’s bogus assessments, in business they wait for establishments to face crime so they can strip the liquor license and deebo the property

When Private Equity Becomes Your Landlord

Amid a national housing crisis, giant private equity firms have been buying up apartment buildings en masse to squeeze them for profit, with the help of government-backed Freddie Mac. Meanwhile, tenants say they’re the ones paying the price.

www.propublica.org

So that’s how MY brain works. I can’t speak for this low brow troll bait dapfishing shyt yall nggas do.