06-30-2021, 06:55 PM
Unfortunately, the "Association" which is sometimes a group of the homeowners and in other instances an outside management group are assigned to make communal decisions for when and how maintenence and other decisions of upkeep are carried out. This is the bane of condominium ownership. You agree to a set monthly amount to be paid to the Asssociation to pay for these items but should there be a shortfall, the homewner agrees to pay a special assessment. This divides the cost of the item in question into parts generally determined by each owners square footage.
So in this instance, the 15 million dollar assessment split between the owners came to 180 to 385K. This amount would need to be paid in full by a certain date before the work was to be performed.
Imagine you're on a fixed income as many are in that region and you have just been asked to pony up a quarter of a million dollars?
The concern for explosions needs to be investigayed. It could have been imploding concrete bu then again? Buildings are often burned to the ground to take advantage of Insurance payouts. Many times it happens without regard for those occupying the building. As unconscionable as it may seem, desperate people often do the unconscionable.
It will be interesting to see if an investigation regarding this will be pursued or if Insurers will just go as lambs to slaughter. The finger pointing will definitely begin in ernest soon. The lawsuits from survivprs will be copious and it's unlikely Doe's 1-50 will evem begin to cover it.
So in this instance, the 15 million dollar assessment split between the owners came to 180 to 385K. This amount would need to be paid in full by a certain date before the work was to be performed.
Imagine you're on a fixed income as many are in that region and you have just been asked to pony up a quarter of a million dollars?
The concern for explosions needs to be investigayed. It could have been imploding concrete bu then again? Buildings are often burned to the ground to take advantage of Insurance payouts. Many times it happens without regard for those occupying the building. As unconscionable as it may seem, desperate people often do the unconscionable.
It will be interesting to see if an investigation regarding this will be pursued or if Insurers will just go as lambs to slaughter. The finger pointing will definitely begin in ernest soon. The lawsuits from survivprs will be copious and it's unlikely Doe's 1-50 will evem begin to cover it.
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