Monday, July 5, 2021

 Is anyone surprised by this ......i am not ......i think this  whole  idea  of  buying condos is going to be a  shaky feeling for a  long time ......i would certainly not be interested in owning a condo over a  few  stories .........there is  an old  appendage .......

if you build them fast .......they wont last .......and this is   going to  be   a  revelation of  future  construction conundrums .......i personally believe  more shit is on the way to hit the fan  .....this has  just opened  up a pandora's  box .........no one  done  anything about this  condo  ....until now  .....people  have  died  .....but that is  always the case......i have  a bad  feeling there will be  more  condos   condemned  ....or more  money  to  quieten down the scandal  .....you know  florida is not the  honest sandbar ......after all miami was  built on the  cocaine  economy  ......after  years of  pounding of the florida  heat ...water ....salt  .....hurricanes.....something   has  got to  give  .....its  sad to see  the  towers fall and people had o die  before  anything was  done ,,,,,,,,but that is how  it usually is ...... 

Florida homebuyers shying away from older condos after collapse: top agent

As investigators continue their probe into what exactly happened to cause the condominiumcollapse in Surfside, Fla., last month, one top real estate agent said clients are expressing their fears to her over living in older condominiums following the tragedy that left dozens dead and more than 100 unaccounted for.

"The knee-jerk reaction after the tragic Surfside building collapse has been fear of living the condo life in older structures," luxury real estate specialist Katrina Campins told FOX Business. "Many report not being able to sleep at night, especially those in buildings which are over 40 years old."

MIAMI-AREA CONDO THAT COLLAPSED SKIRTED LOCAL CODES WITH PENTHOUSE

Campins, who co-founded The Campins Company, said that at least for now, owner-occupant buyers are shying away from high-rise condos that were built prior to modern stringent building standards and leaning toward single-family homes.

"The demand for single-family homes is already very strong with a lack of inventory in the market and the building collapse has created additional demand in the single-family space as well as the demand for newer condos," Campins continued. "I do believe as a result many older buildings will be purchased by investors/builders in order to put up newer and safer product."

She added, "With time, people's fear may dissipate but right now, the demand is increasing in the single-family space."

Pete Marcucilli, an owner-broker out of Silver Star Realty LLC in Coconut Creek, Fla., agrees that owner-occupied buyers are going to lean toward single-family homes, but said a lot of times that is out of necessity rather than concern.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"Condos will remain popular in South Florida for cash buyers and conventional financing only," Marcucilli told FOX Business. "There will always be a play for this due to the high demand of all property classifications (single-family, condo, townhome, villa)."

Marcucilli, who is part of the Veterans United Realty network, said that "most FHA and VA buyers will shy away from condos and pursue single-family homes since the VA will not fund loans for most condo associations." He added, "there are a few exceptions but for the most part, high-rise condos are not going to work."

Our goal is to create a safe and engaging 





No comments:

geez there is a shocker

Gee ya think only 43 pissed of with china ../////I would think the planet would be  fucking pissed at their  shennanigans ……….  43 countries...