Monday, February 09, 2015

Another Florida crumbling condo

Another example of how fragile condominium housing really is. It's not just the ticky tacky construction. It's the over reliance on the owners resources. Many associations were obviously unsustainable from the start but they were profit centers for the real estate and financial sector so they were built and sold anyway. Now the remaining owners and renters are stuck in awful circumstances, others lost their shirts. 

No comments: