#WR: Future a total risk! About the collapse of the 40-years-old Champlain Towers South and similar buildings @WSJ wrote " Engineers say it can take just 30 years for condominium buildings to reach a point when owners can no longer delay making critical repairs.
The Wall Street Journal added: ""Many of the aging towers line the beachfront, where salt corrosion and other forces are speeding their decline. That is leaving thousands of buildings saddled with multimillion-dollar repair costs—and little notion of how to pay for them."
The study that Zillow (real-estate data firm ) made for The Wall Street Journal shows that the acquisition of apartments in Miami and coastal areas charge the properties with a very expensive future and serious risks despite the beauty of waking up every day looking at the sunrise in the Ocean.
SOURCES: The Wall Street Journal, my own think tank
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