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The condominium’s grim reapers: Coronavirus and recession

/ Owner - April 29, 2020

The coronavirus pandemic and the ensuing economic recession pose serious issues for condominium life. They also raise to a crisis level chronic condominium governance problems of litigiousness, construction defects and disrepair, soaring insurance rates, owner apathy, poor management and fraud.  Many of these issues were identified as early as the 1970s in the United States and Canada. But they have remained largely unresolved for decades, and are only now culminating in an existential threat to this form of housing.    Read the article……………………………….

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