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The Tragic Condo Collapse and its Implications
This chapter explores the unfortunate collapse of a condo building in Surfside near Miami, shedding light on the lack of reserves and maintenance that precipitated the disaster. It delves into the repercussions for condo owners, the state's response with new regulations, and the disparities between newer and older buildings in the market. The conversation also navigates through potential government interventions and the financial struggles faced by middle-class condo owners.