> Nevermind the fact that the sinking was already three times worse or more what the same engineers that are assuring it is safe said it would do.
It's not the same engineers. The first ones may well be wrong and the later ones right.
It's not the same engineers. The first ones may well be wrong and the later ones right.
But given that most people buying a home are looking for a low-risk proposition, I get why prices dropped. Especially people buying condos; a big part of the point is that a lot of the hassles are taken care of for you.
I sometimes wonder about that. For what it costs in ongoing condo fees, you could pay someone to provide exactly the same level of worry-free maintenance on a regular house.
Though I'm skeptical of the terms you'd get on a loan secured by a badly damaged home.
Plus, if you sell the house with a bad roof, a smart buyer would insist on paying market value minus cost of roof replacement. If you replace roof, you’ll get market value. Either way, you’re going to lose the roof replacement cost.
Plus, you don't need to be concerned with a HOA saying you can't rent your place out on whatever platform you choose.
i'd subtract whatever your water/trash/sewage bills are from "typical" HOA rates in your area, and subtract typical difference in home vs HO6 insurance rates, then get to net to compare.
It seems this is a chaotic environment that may defy the ability of experts to make accurate predictions.
> Bur another (third?) set of engineers was also wrong, not anticipating the impact that their work to fix the situation would have on actually accelerating the problem.
https://blog.architizer.com/inspiration/collections/ten-famo...