7 Questions Condo Buyers Must Ask In Light Of Fla. Collapse

By Tyler Berding (October 18, 2021, 6:00 PM EDT) -- There has been much written about the tragic condominium collapse in Surfside, Florida. Losing 98 lives alone makes that one of the worst residential failures in U.S. history. Then there is the wipeout of owner equity that might occur if there is insufficient insurance coverage.

The possible causes of this catastrophe and its many legal implications, and how boards of directors can rally owner support for what may prove expensive investigations and repairs, have all been written on. But what about how the Champlain Towers event could intimidate potential buyers, alienate lenders and depress property values?

One report put the precollapse...

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