The tragedy in Surfside reminded me of how many times over the decades I’ve thought buying a condo (or time share) wasn’t appealing. Years ago a friend or my mother, a widow, purchased a fairly new condo and complained about the ever rising maintenance fees. Shortly after I was married, we attended a meeting on buying a time share. We were put up at a resort and free dinner and had to endure hours of meetings with a sales rep – high pressure sales tactics. Condos and TS’s are under the control of associations or committee’s reminding me of some system of bureaucracy that was sour to me.
Sadly, the building collapse is a reminder about what NEEDS attention and what’s secondary such as putting lipstick on a pig. Some never think something like this is possible…until it happens. And with a building of that size, the millions of dollars to make structural-upkeep repairs are horrendous or an impossible amount of cash for residents. Of course, now people in these aged buildings are worried, insurance carriers got spooked and are skyrocketing premiums or even non-renewing coverages. No thanks…
Sadly, the building collapse is a reminder about what NEEDS attention and what’s secondary such as putting lipstick on a pig. Some never think something like this is possible…until it happens. And with a building of that size, the millions of dollars to make structural-upkeep repairs are horrendous or an impossible amount of cash for residents. Of course, now people in these aged buildings are worried, insurance carriers got spooked and are skyrocketing premiums or even non-renewing coverages. No thanks…
