Water leaks in condo garage leads to $70, 000 special assessment for every condo unit owner (m.youtube.com)

submitted 2 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world

16 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] bitchkat@lemmy.world 1 points 2 months ago

What is sublimit?

permalink
fedilink
source
parent
hideshow 2 child comments

[-] butwhyishischinabook@lemmy.world 2 points 2 months ago

So there are limits on major areas (the property itself, other structures like fences and sheds, lost rental income, etc.) And other more specific things like condo assessments. Generally you can't get a lot of money for condo assessments, unless you pay a lot extra to lift that limit higher.

permalink
fedilink
source
parent

this post was submitted on 04 Oct 2024

43 points (95.7% liked)

Housing Bubble 2: Return of the Ugly

341 readers

1 users here now

A community for discussing and documenting the second great housing bubble.

founded 7 months ago

MODERATORS

SeattleRain@lemmy.world