Talk of The Villages Florida - View Single Post - Surf Side high-rise collapse results
Thread: Surf Side high-rise collapse results
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Old 07-11-2021, 07:18 AM
joelfmi joelfmi is offline
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Default What you write is very true, but like the village HOA with increase a great deal.
Quote:
Originally Posted by retiredguy123 View Post
I don't think the high rise condo business will be affected significantly by one building collapse. A concrete high rise building is supposed to last more than 100 years with minimal or no maintenance to the structural part. There may be more frequent inspections of buildings, but, if costly repairs and/or maintenance is required, it will be because of a bad design, not something routine.
What will change is maintenance, HOA fees, will increase a great deal to cover repairs to these dated high rise building. These fees will be born by the condo owners they could be thousands of dollars out of their pockets.