By Deborah Goonan, Independent American Communities
Here’s another example of a dilapidated condominium, this one in Fort Myers, Florida.
Pass this video report from WINK News to your friends and family who still believe that all condos are luxurious, and only for the very wealthy. The truth is, many condo complexes are like Banyan Tree – relatively cheap construction, at least 30 years old, run down and falling apart, and inhabited mostly by tenants or owners who have lost so much money on their units that they cannot afford to sell.
Chances are, just about every city or town in America has a condo complex that you think of as affordable or low-income apartments. But instead of a single landlord owner, each condo unit may have a separate owner. And those owners have to agree on how to best maintain the complex and share the costs. Quite often, espeically with…
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