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PostPosted: Mon Jun 28, 2021 9:53 pm 
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Well that’s a big uh oh. RIP to those board members who weren’t in the rubble.

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PostPosted: Mon Jun 28, 2021 10:06 pm 
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man of few opinions wrote:
Dr. Kenneth Noisewater wrote:
Just read a story about a guy on the phone with his wife when she saw the swimming pool get sucked into a sinkhole and the call got disconnected. She was on the 4th floor.

I heard it was very unlikely it was a sinkhole and what she saw was the pool and pool deck collapse into the parking lot below. The pool was over a parking garage.


Makes sense. It seemed weird how it was described.

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PostPosted: Mon Jun 28, 2021 10:57 pm 
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My big takeaway from this is that condo living sucks and single family house suburban living is the way to go.

Seriously, condos appreciate poorly compared to single family dwellings and then you can get hit with a big fat assessment for repairs that if you don't do you get buried under concrete for.

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PostPosted: Mon Jun 28, 2021 11:00 pm 
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SpiralStairs wrote:
redskingreg wrote:
Crystal Lake Hoffy wrote:
redskingreg wrote:
Crystal Lake Hoffy wrote:
good dolphin wrote:
I imagine this will come down to old fucks in an HOA voting to let repairs go just another year because they didn't want to be charged a special assessment


Who inevitably loses the lawsuit if there are multiple root causes? Everyone? You've got the report of structural issues in the parking garage below, roof work being done and then construction in the area.


Condo Assn and Condo Assn’s insurance company. Engineer could be responsible too, depending on their findings. I’ve never seen board members personally held liable. Then again, I’ve never seen this great of a catastrophe in my 15+ years of dealing with condos and HOAs.


Thanks, reading that the owners had been sitting on a lot of this since 2018. I don't have any experience with this, but it seems like it will be setting a lot of new precedents.


They had a 40-year inspection coming soon, which is the minimum in FL from what I read. Unless they find that the board blatantly ignored some findings, I can’t see them being held responsible. I’d wager on a big settlement for the unit owners.


Establishing whether or not someone died in this collapse could be rather inneresting considering most of the dead were probably turned to paste.

There was a story from the OKC bombing in which authorities found a leg but could not identify which body/victim it came from.

They collected DNA samples from families of the missing. They'll be able to ID whatever they find.

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PostPosted: Thu Jul 01, 2021 8:21 am 
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https://www.cnn.com/2021/07/01/us/surfside-survivor-iliana-monteagudo/index.html

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She went to bed, but around 1:00 a.m. she was woken by what she called a "rare force."
Believing the feeling came from an open balcony door, she went to her living room to try to close it. But then behind her she saw a crack coming from the ceiling, quickly snaking down the wall and opening fast.
"Something inside of me said run," Monteagudo said. "You have to run to save your life."
In moments, she put on the first clothes she could find, grabbed her phone and her purse, blew out the candle and ran out of her apartment, she said.
Once in the hallway, she found quiet: no panic, no alarms and no one else running.
She knew not to take the elevator but didn't know that the emergency stairs were just beside her unit, so she went to the farthest set of stairs instead.
"If I knew that, maybe I would have taken that one," Monteagudo said.
But as she was flying down the six floors of stairs, pleading with God to let her see her sons and grandsons again, she heard the sound of the tower she lived in collapsing. If she had been in the stairs closest to her home, she likely would have been crushed, her son said.


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PostPosted: Thu Jul 01, 2021 10:37 am 
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Interesting they have suspended the search over "safety concerns." I think that's code for we need to stop this search but don't want to upset the relatives.

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PostPosted: Thu Jul 01, 2021 10:43 am 
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Jaw Breaker wrote:
Interesting they have suspended the search over "safety concerns." I think that's code for we need to stop this search but don't want to upset the relatives.


Everyone should know that their loved ones are dead now.

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PostPosted: Thu Jul 01, 2021 10:58 am 
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The way this thing came down, I'm guessing death was pretty much instant for people. They aren't likely to find people were alive for a few days in this one as this was just tons and tons of concrete pancaking down

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PostPosted: Thu Jul 01, 2021 11:00 am 
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Jaw Breaker wrote:
Interesting they have suspended the search over "safety concerns." I think that's code for we need to stop this search but don't want to upset the relatives.


I think they might be worried about the surrounding buildings being compromised while people are searching through the rubble.

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PostPosted: Thu Jul 01, 2021 11:06 am 
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Dr. Kenneth Noisewater wrote:
Jaw Breaker wrote:
Interesting they have suspended the search over "safety concerns." I think that's code for we need to stop this search but don't want to upset the relatives.


I think they might be worried about the surrounding buildings being compromised while people are searching through the rubble.


True, but it would seem that the risk was not much different than it has been the last week.

That's one thing I always wondered about 9/11. Let's say the towers hadn't come down that day, but were teetering and obviously compromised. Imagine how much of a clusterfuck that would have been keeping a radius of many blocks evacuated for weeks/months as they planned a controlled implosion.

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PostPosted: Thu Jul 01, 2021 11:20 am 
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Jaw Breaker wrote:
as they planned a controlled implosion.


I thought we saw that...


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PostPosted: Thu Jul 01, 2021 1:21 pm 
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Cashman wrote:
Jaw Breaker wrote:
as they planned a controlled implosion.


I thought we saw that...

:lol: Right...


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PostPosted: Fri Jul 02, 2021 9:30 am 
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good dolphin wrote:
I imagine this will come down to old fucks in an HOA voting to let repairs go just another year because they didn't want to be charged a special assessment

Step up and claim your prize .

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PostPosted: Fri Jul 02, 2021 9:33 am 
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Fucking unreal...

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PostPosted: Fri Jul 02, 2021 9:45 am 
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sounds more like the condo board wanted to do it and the residents were the ones bitching

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PostPosted: Fri Jul 02, 2021 9:50 am 
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Didn't those condo board members step down too...

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PostPosted: Fri Jul 02, 2021 9:50 am 
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At a minimum, they(each unit owner) were looking at $500 a month for the next 15 years to cover these repairs... Mind you these were not lavish residences, they started around the 200K range. I would honestly walk away from the mortgage than pay that. Who the fuck would buy a condo if you know you could get hit with that? With a house, Homeowners insurance should take care of most catastrophic repairs.


Last edited by Caller Bob on Fri Jul 02, 2021 9:53 am, edited 1 time in total.

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PostPosted: Fri Jul 02, 2021 9:52 am 
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This is a better article than the NPR one:

https://www.washingtonpost.com/investigations/majority-of-florida-condo-board-quit-in-2019-as-squabbling-residents-dragged-out-plans-for-repairs/2021/06/30/43592282-d98e-11eb-ae62-2d07d7df83bd_story.html#click=https://t.co/Y2Gew2OXB8


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PostPosted: Fri Jul 02, 2021 10:00 am 
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Caller Bob wrote:
At a minimum, they(each unit owner) were looking at $500 a month for the next 15 years to cover these repairs... Mind you these were not lavish residences, they started around the 200K range. I would honestly walk away from the mortgage than pay that. Who the fuck would buy a condo if you know you could get hit with that? With a house, Homeowners insurance should take care of most catastrophic repairs.



Ron Wolfley wrote:

suburban living wins again

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PostPosted: Fri Jul 02, 2021 10:41 am 
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The board’s condo D&O policy was a $2m limit, and the insurance carrier James River, already tendered the full limit.

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PostPosted: Fri Jul 02, 2021 10:48 am 
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denisdman wrote:
The board’s condo D&O policy was a $2m limit, and the insurance carrier James River, already tendered the full limit.


For my Homeowners insurance, I pay extra( something like $200 a year) for a clause that I'm covered if there are any foundational issues, did not the Condo as a whole have similar coverage for this repair?


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PostPosted: Fri Jul 02, 2021 11:08 am 
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Caller Bob wrote:
At a minimum, they(each unit owner) were looking at $500 a month for the next 15 years to cover these repairs... Mind you these were not lavish residences, they started around the 200K range. I would honestly walk away from the mortgage than pay that. Who the fuck would buy a condo if you know you could get hit with that? With a house, Homeowners insurance should take care of most catastrophic repairs.


The issues likely existed before most people purchased a unit.

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PostPosted: Fri Jul 02, 2021 11:12 am 
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Caller Bob wrote:
At a minimum, they(each unit owner) were looking at $500 a month for the next 15 years to cover these repairs... Mind you these were not lavish residences, they started around the 200K range. I would honestly walk away from the mortgage than pay that. Who the fuck would buy a condo if you know you could get hit with that? With a house, Homeowners insurance should take care of most catastrophic repairs.

Cheap oceanside condo is a cheap oceanside condo? Shocking.

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PostPosted: Fri Jul 02, 2021 11:27 am 
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Caller Bob wrote:
denisdman wrote:
The board’s condo D&O policy was a $2m limit, and the insurance carrier James River, already tendered the full limit.


For my Homeowners insurance, I pay extra( something like $200 a year) for a clause that I'm covered if there are any foundational issues, did not the Condo as a whole have similar coverage for this repair?


The industry trade journals are saying they have $48m of property coverage. I was referring to the board’s liability policy. They will also have a decent sized general liability and umbrella policy. I suspect every policy is going to a limit loss.

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PostPosted: Fri Jul 02, 2021 11:29 am 
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denisdman wrote:
Caller Bob wrote:
denisdman wrote:
The board’s condo D&O policy was a $2m limit, and the insurance carrier James River, already tendered the full limit.


For my Homeowners insurance, I pay extra( something like $200 a year) for a clause that I'm covered if there are any foundational issues, did not the Condo as a whole have similar coverage for this repair?


The industry trade journals are saying they have $48m of property coverage. I was referring to the board’s liability policy. They will also have a decent sized general liability and umbrella policy. I suspect every policy is going to a limit loss.


You're going to get a unit when they rebuild?

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PostPosted: Fri Jul 02, 2021 11:51 am 
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Unbelievably sad.
Quote:
The body of a Miami firefighter’s daughter has been found in the ruins of the partially collapsed condo tower in Surfside.

The firefighter and his brother, another firefighter, have kept a vigil since the night of the collapse, staying on the site every day until they found the girl. The city and other rescue workers have not identified the firefighter or the victim. Sources described an emotional recovery scene when the body was recovered. About 200 officers saluted as the girl was carried out.

“Our hearts and prayers are with the families affected by this horrific tragedy. We can confirm that a member of our city of Miami Fire Department family has lost his 7-year-old daughter in the collapse. She was recovered last night by members of our Urban Search and Rescue Team, Florida Task Force 2.

We ask that you respect the privacy of the immediate family as well as our Fire Department family while we grieve our loss and support our own.”

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PostPosted: Wed Jul 07, 2021 9:38 pm 
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Brick wrote:
Caller Bob wrote:
At a minimum, they(each unit owner) were looking at $500 a month for the next 15 years to cover these repairs... Mind you these were not lavish residences, they started around the 200K range. I would honestly walk away from the mortgage than pay that. Who the fuck would buy a condo if you know you could get hit with that? With a house, Homeowners insurance should take care of most catastrophic repairs.

Cheap oceanside condo is a cheap oceanside condo? Shocking.


MANY are failing to consider the lack of due diligence done by the people living in these condos regarding the safety of said condos

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PostPosted: Wed Jul 07, 2021 9:44 pm 
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SpiralStairs wrote:
Brick wrote:
Caller Bob wrote:
At a minimum, they(each unit owner) were looking at $500 a month for the next 15 years to cover these repairs... Mind you these were not lavish residences, they started around the 200K range. I would honestly walk away from the mortgage than pay that. Who the fuck would buy a condo if you know you could get hit with that? With a house, Homeowners insurance should take care of most catastrophic repairs.

Cheap oceanside condo is a cheap oceanside condo? Shocking.


MANY are failing to consider the lack of due diligence done by the people living in these condos regarding the safety of said condos

Are you high, Clarice?

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PostPosted: Wed Jul 07, 2021 9:56 pm 
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Its why I hired a structural engineer to inspect my house before I bought it.

I suppose you want the government to inspect everyone's house for safety now? How much is THAT going to cost?

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PostPosted: Wed Jul 07, 2021 9:58 pm 
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SpiralStairs wrote:
Its why I hired a structural engineer to inspect my house before I bought it.

I suppose you want the government to inspect everyone's house for safety now? How much is THAT going to cost?

Did you not get an inspection before purchasing Chet spiral?

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