Quote:
Originally Posted by mvbird
Wondering if the collapse of the Surf Side condominiums in Miami will impact sales of high-rise ocean view condos up and down the Florida coast. Will some condo dwellers will be frightened, want to move out or sell ? The occupants of the Surf Side buildings were presented with and didn't welcome high estimates to repair problems found at the buildings. As they are gradually all inspected, other buildings may need work too, thus driving up cost of ownership & rent of the units. If I lived on the 30th floor, even with a fabulous ocean view, the pictures viewed on the news might come to mind.
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I believe prices will fall dramatically. I wouldn’t want to live in one and the vast majority of people will feel the same. If there’s a 1% chance of it collapsing would you ever buy one? Not me! I looked on line after the first few days and there were hundreds of new listings of condos. There you go!