DetroitEWarren
Superstar
I ain't want to be the only nikka not madi caught that edit.
BREAKING 160+ Feared Dead: Condo Building Collapses In Miami
- Thread starter Absolut
- Start date
They really stopped looking for survivors?
TELL ME YA CHEESIN FAM?
I walk around a little edgy already
Read the title and I was like otra vez?
This story is still a nightmare. In Toronto we have so many instances of glass falling from condos. The build quality is atrocious. Don't trust developers
Neo TheInsurrectionistONE
THE ONE
Yup. Over the last decade+ of rapid condo building in Toronto we have had multiple incidents a year of glass falling. Happened just last week and sometimes it's from new builds.Huh?
jwonder
Superstar
Some Floridians that have a condo over two stories high are going through hell right now. There is a law for condos to make sure their reserves are fully funded in case of events like this. Some condo owners have to fork up 20k by July 2024. 
So lucky my condo that I rent out is two stories high and reserves are beyond requirements. I was on the HOA board years ago as the Treasurer and made sure HOA fees didn't go up and made sure the reserves were properly funded.
So lucky my condo that I rent out is two stories high and reserves are beyond requirements.
I was on the HOA board years ago as the Treasurer and made sure HOA fees didn't go up and made sure the reserves were properly funded.
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How are the reserves funded?Some Floridians that have a condo over two stories high are going through hell right now. There is a law for condosto make sure their reserves are fully funded in case of events like this. Some condo owners have to fork up 20k by July 2024.
So lucky my condo that I rent out is two stories high and reserves are beyond requirements.
Cakebatter
All Star
America is a fukk'ed up country. Despite obvious gross negligence leading to those people's deaths, no one was ever held criminally liable. Corporations can literally get away with murder, or in this case negligent homicide.
is it true most hoa's are skimming?Some Floridians that have a condo over two stories high are going through hell right now. There is a law for condosto make sure their reserves are fully funded in case of events like this. Some condo owners have to fork up 20k by July 2024.
So lucky my condo that I rent out is two stories high and reserves are beyond requirements.
Georgiamuscle
Superstar
Yep and they do all of the time. Look at Boeing
boeing is the worst, they keep fuking up and they likeYep and they do all of the time. Look at Boeing
jwonder
Superstar
So basically you are supposed to have HOA fees charged high enough to cover the standard items and a portion of the fees should be transferred to a reserve account. I just setup an automatic transfer for 4k per month to go to a high yield savings account.
jwonder
Superstar
There cases like that. But you a dumb mofo if you do because all it takes is one person with a financial background to look at the bank statements and start asking questions. This housing HOA went to jail a few years ago in Kendall(Miami) for doing that. By law you can see the monthly bank statements and any other financial document. A lot of people don't know this sadly.
