I’m sure that’s true of many of what I’ve called the “Towers” in other
posts. Near downtown and in downtown, anywhere on Miami Beach,
near Dadeland in Southish Dade.
I don’t know if I posted here or on Calculated Risk, but the emptiness
thing is really starting to hit home on the lack of maintenance assessments.
I told a client who is current on a rental he owns, and only has to
subsidize it to the tune of $200 a month, which he can do and planned
to do for at least another 4 years, and who has a nice fixed mtg to walk.
Because.
So many foreclosures, only one water hook up, water bill 8 months late,
not property insurance either, we’re in hurricane season in hurricane
land. These are 2 story low rises. The people are not leaving until
the foreclosures are done, hence water continues to be used.
I thought it would hit the fan in high rise towers, but no.
Wait a minute, I did post somewhere here on the garbage building.
Hit search and find it. I wonder it searching “garbage” will do it.
Literal garbage, not metaphorical garbage.
Anyway, bottom line is this is a disaster of biblical proportions.
The only condo I’d buy is an old one run by old people who have
paid their mtges off and have no intention of leaving, except feet first.