I live in an NY Co Op

[edhopper]

Built in the 50s and still in good shape. We have a good management company that makes sure everything is good and repairs are done.
But a big difference with our building and these condos built after the laws changed in the late 60s is ours was built as rental apartments. The owners wanted a well built structure that would last so he could keep getting rent without exorbitant upkeep for him.
But the newer buildings, built as condos need to stay in shape only until all the units sell and the builder can get out with his profits.
He doesn't care what happens 20 or 30 years later.
And apparently, at least in Florida, no one else made sure they were built to last.

[hlthe2b]

1. Strict building codes and inspection are expected to address that... at least in

those communities that aren't run by anti-regulatory Republicans or other politicos on the take.

Build and bust cycles over past decades with developers cutting corners at every turn trying to run ahead of the creditors with regulators willing to turn a blind eye in the name of future growth have come back to bite us--not only in coastal housing with impending climate change disasters, but elsewhere as well.

[dawg day]

2. I read an article quoting an engineer--

pointing out that HOAs are mostly made up of civilians-- people who have no experience in construction, maintenance, or real estate... and that they have a real incentive not to assess their neighbors thousands of dollars.

It's just not a system designed for safety.

[Me.]

3. My Building Was Built In 1929

and is as solid as they come.

[edhopper]

4. Yep

Apartments not condo.

[Me.]

8. 10 Stories

45 apartments

[Blue_true]

5. A 70+ year old building that is in excellent shape was built to last. nt

[edhopper]

6. My building

is the same age as me, but in better shape.

[Blue_true]

7. Well, just stay close to it in physical condition, that should give you decades more of life. nt