General Miami Condo Collapses

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ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,392
34,245
That's why I'm waiting on a contract for one right now!

Phase 1 of "Will the Slumlord" is about to get rolling!




(It's actually a townhouse but to hell with details!)
So 2 things.
Congrats on becoming a slum lord, passive income is great.
Two, you need to change your name on here.
 

Splinty

Shake 'em off
Admin
Dec 31, 2014
41,292
85,342
My guess is most of the legal battles that come out of this mess will be of the civil suit variety. I'm sure we'll see several class-action suits filed.

Willfully ignoring structural issues found during inspection reports can be criminal.

I keep thinking about this. Who gets sued?

Engineer points out flaws and gives cost.
HOA president begs for special assessment and loan to do repairs....three years ago or whenever.
HOA notifies residents this year that damage is accelerating and they need money to fix it.

Residents voted against or at least didn't vote for a new fee to do this recommendation.

Who missed the ball other than the resident? What if there was a vote and half voted for and half against...is it the vote against fault?
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,392
34,245
I keep thinking about this. Who gets sued?

Engineer points out flaws and gives cost.
HOA president begs for special assessment and loan to do repairs....three years ago or whenever.
HOA notifies residents this year that damage is accelerating and they need money to fix it.

Residents voted against or at least didn't vote for a new fee to do this recommendation.

Who missed the ball other than the resident? What if there was a vote and half voted for and half against...is it the vote against fault?
I'd assume the association should have no liability if they tried to do the right thing, but there will be a scape goat and I think it'll be the builder or the association or maybe even Lars (ADMlN) @Lars.
 

Filthy

Michigan Girls Are Ugly
Jun 28, 2016
21,452
25,269
I keep thinking about this. Who gets sued?

Engineer points out flaws and gives cost.
HOA president begs for special assessment and loan to do repairs....three years ago or whenever.
HOA notifies residents this year that damage is accelerating and they need money to fix it.

Residents voted against or at least didn't vote for a new fee to do this recommendation.

Who missed the ball other than the resident? What if there was a vote and half voted for and half against...is it the vote against fault?
same - so many queestions...

how informed was the decision? How did the HOA express the severity of the damage? how accurately was the damage assessed?
 
Oct 24, 2015
62,218
57,343
Not far from that complex is the Towers of Key Biscayne apartment complex. Also built right on the water.




Here's what the carpark underneath one of the towers looks like right now.

View: https://youtu.be/y33JbmcUnUI




🇳🇿
What's funny is that Key Biscayne is even more exclusive and big-time than Surfside. Shit it costs $2.25 - $3.00 just to access the fucking island.

Properties at this building START at the highest prices for units at Champlain Tower South.


Dafuq are they spending those HOA fees on!?
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,392
34,245
It's really sad a tragedy is bringing this shit to people's attention. It's insane.
 

IschKabibble

TMMAC Addict
First 100
Jan 15, 2015
14,505
20,125
I keep thinking about this. Who gets sued?

Engineer points out flaws and gives cost.
HOA president begs for special assessment and loan to do repairs....three years ago or whenever.
HOA notifies residents this year that damage is accelerating and they need money to fix it.

Residents voted against or at least didn't vote for a new fee to do this recommendation.

Who missed the ball other than the resident? What if there was a vote and half voted for and half against...is it the vote against fault?
A vote? Really?!? Should not have been up to the residents to decide. The deferred liability games we play are sickening. I'd like to know where the last 10 years of HOA fees went, other than salary.