NPR did a story on this and allegedly each owner was due to pay

$80k in the next month or so to contribute to the major repair. The family of one of the (assumed) deceased said the person had just gathered the money to pay the HOA and had been talking about it to them in the days before the collapse.

In response to this post by HokieSignGuy

Posted: 07/01/2021 at 2:45PM

Majority of Surfside condos BOD resigned over residents' resistance to -- PhotoHokieNC 07/01/2021 11:17AM

Its sister building 2 blocks north is in great shape -- capitals1 07/01/2021 12:01PM

So how does a condo work? -- `lag 07/01/2021 11:47AM

By-laws will spell out all details. -- Stork 07/01/2021 11:55AM

Yeah, i could basically see that being hands-on complicated.... -- `lag 07/01/2021 12:02PM

Well, now that an insurable loss has occurred. The collapse. The -- Stork 07/01/2021 12:07PM

So essentially, under the circumstances the people who weren't there at the -- `lag 07/01/2021 12:21PM

Other than being alive vs dead, I'd say everyone is in the same boat. The -- Stork 07/01/2021 12:30PM

And will the attached units that didn't fall, and have to be condemned, be -- HokieSignGuy 07/01/2021 12:11PM

Typically you need actual "physical" damage. So some authority not allowing -- Stork 07/01/2021 12:19PM

Wow, that would suck. Keep maintaining your buildings, people. ** -- HokieSignGuy 07/01/2021 12:49PM

Good perspective ** -- HokieSignGuy 07/01/2021 12:01PM

I imagine their condo fees, or HOA fees were in the tens of thousands of -- HokieSignGuy 07/01/2021 11:50AM

NPR did a story on this and allegedly each owner was due to pay -- ElbertoHokie 07/01/2021 2:45PM

Yeah, no doubt, the sarcastic me says you get to own the place but you... -- `lag 07/01/2021 11:57AM

Here's a piece today from NY Times discussing the issues here. -- Stork 07/01/2021 11:59AM

Wow. A cautionary tale about moving FAST on any repair projects. -- HokieSignGuy 07/01/2021 11:26AM

That never happens in Condos. At least not of that magnitude. -- Stork 07/01/2021 11:52AM

Guess their Board didn't do a good job at setting aside capital reserves. -- HokieSignGuy 07/01/2021 11:55AM

I've seen Boards sue individual owners to get them to comply. -- Stork 07/01/2021 11:57AM

My sister and her husband lived in the Alexandria House in Old Town -- PhotoHokieNC 07/01/2021 11:30AM

NPR did a story on this and allegedly each owner was due to pay

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