Hah, I'd buy one at a bargain basement price then insure it heavily if it wouldn't trigger a fraud alert...
I think at this point the building is way too heavy to ever fix and they should demolish it and cut the losses.
It happens all the time in China because of weak building codes.
Once a structure is compromised like this, there really is no sound way to salvage it in my experience, and it's a danger to the entire neighborhood, not only the occupants.
The bad part is that many of the occupants will suffer either way this goes... All insurance payouts should go to the unit buyers before any of the people involved in profiting get anything, but things never work that way. Attorneys will likely profit the most. The people responsible for the failed design and build should be blacklisted from future projects of this kind, that is where most injustice usually manifests in failures like this.
I'm guessing insurance payouts would involve lots of lawyers and lots of time.
Those sales don't strike me as especially bargain basement either. 2BR, 1500 sq ft for about $1.5m. Maybe without the issues, as a premium property, it would be higher but those prices don't seem out of line with condos on the market.
The people responsible for the failed design and build should be blacklisted from future projects of this kind, that is where most injustice usually manifests in failures like this.
...no, they should be jailed, likely for life, because they knew exactly what they were doing.
Capitalism apologists prove they know no bounds, time and time again. Really exited to get to watch the incoming century of collapsing skyscrapers because of skirted regulations. Deaths will pile high and no consequences will be had.
Comments
Hah, I'd buy one at a bargain basement price then insure it heavily if it wouldn't trigger a fraud alert...
I think at this point the building is way too heavy to ever fix and they should demolish it and cut the losses.
It happens all the time in China because of weak building codes.
Once a structure is compromised like this, there really is no sound way to salvage it in my experience, and it's a danger to the entire neighborhood, not only the occupants.
The bad part is that many of the occupants will suffer either way this goes... All insurance payouts should go to the unit buyers before any of the people involved in profiting get anything, but things never work that way. Attorneys will likely profit the most. The people responsible for the failed design and build should be blacklisted from future projects of this kind, that is where most injustice usually manifests in failures like this.
I'm guessing insurance payouts would involve lots of lawyers and lots of time.
Those sales don't strike me as especially bargain basement either. 2BR, 1500 sq ft for about $1.5m. Maybe without the issues, as a premium property, it would be higher but those prices don't seem out of line with condos on the market.
...no, they should be jailed, likely for life, because they knew exactly what they were doing.
Capitalism apologists prove they know no bounds, time and time again. Really exited to get to watch the incoming century of collapsing skyscrapers because of skirted regulations. Deaths will pile high and no consequences will be had.