Why condos caught on in America
By Matthew Gordon Lasner, Hunter College Troy Warren for CNT #homegarden #realestate (THE CONVERSATION) The tragic collapse of Champlain Towers South in Surfside, Florida, on June 24, 2021, made millions of Americans focus for the first time on the risks of high-rise construction and oceanfront living. Many also became more aware of the pitfalls of condominiums and other forms of co-ownership in which each unit in a multifamily building or other kind of housing complex is individually owned, while the structure itself is owned, and managed, collectively. As I explain in my book “High Life,” however, there are many benefits to…