They were discussing some pretty steep assessments to get the building fixed.
Apparently there was some pushback due to the amounts 200K per unit and up.
I think there is much more to this story than many will want to come to light.
If this can happen with a 40 y.o. building then???
Are older buildings structurally sound?
What kind of maintenance program is needed to prevent this?
How to prevent condo boards from delaying needed repairs?
How will lenders react?
What will this do to insurance rates?
Is the Japanese mindset of tear down the older property more appropriate?
