Author Topic: Another building crumbles.  (Read 2903 times)

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Offline Spada

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Re: Another building crumbles.
« Reply #50 on: August 20, 2019, 07:12:14 PM »
I feel sorry for the young girl from Canberra that was on four corners last night. Her apartment is undamaged, but is in a unit complex that has significant problems. She'll still need to stump up for a share of the body corporate repairs which will force her into bankruptcy as she  wont be able able to service the additional debt?
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Offline Fizzie

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Re: Another building crumbles.
« Reply #51 on: August 21, 2019, 07:49:19 AM »
She'll still need to stump up for a share of the body corporate repairs which will force her into bankruptcy as she  wont be able able to service the additional debt?

I know that's life, & life's not fair, but that's just wrong :'(
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Re: Another building crumbles.
« Reply #52 on: August 21, 2019, 09:27:21 AM »
Quote from: Spada
I feel sorry for the young girl from Canberra that was on four corners last night. Her apartment is undamaged, but is in a unit complex that has significant problems. She'll still need to stump up for a share of the body corporate repairs which will force her into bankruptcy as she  wont be able able to service the additional debt?

There will be dozens in her boat, which is all ****ed up... said it before, GOv co blow billions on stupid Shit and donations to overseas countries... Time to start looking after our own.
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Online Bird

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Re: Another building crumbles.
« Reply #53 on: October 10, 2019, 08:34:40 AM »
This isnt going to end well

Quote
Mascot Towers residents given two 'very bad' options after building failure
One loan proposal would offer up to $20 million at a 7.7 per cent variable interest rate per annum over 15 years, with funds to be put towards stages one and three of the remediation works which have already started.

One resident, who did not want to be named, said "the options presented to us as owners are like choosing a preferred execution method".

Another owner said both options are "very bad", adding he had spoken with a bankruptcy lawyer on Wednesday morning. wow...

"We don’t know whether the $20 million is the end or just the beginning. We have not yet received the final costing," the owner said. "The strata committee can liquidate me if they push through the motion in the AGM."

A survey last month by the building’s owners corporation found more than a third of owners cannot pay their portion of the levy because banks and other lenders are refusing to assist.

https://www.smh.com.au/national/nsw/mascot-towers-residents-given-two-very-bad-options-after-building-failure-20191009-p52z0e.html
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Offline chester ver2.0

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Re: Another building crumbles.
« Reply #54 on: October 10, 2019, 02:05:49 PM »
Apparently the old 60's 70's and 80's units are now some of the most sought after real estate in sydney
Double brick so if it has not fallen down by now it wont
High ceilings and easy to renovate
Most only 6 stories high
No elevators so strata fees reasonable

Amazing how what is old always seems to come around as popular again
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