Current Events > Condo developers can bulldoze your condo down at any time - big scam

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REMercsChamp
05/12/19 4:54:47 PM
#1:


Owning a condo is a fucking scam

Did you know that the people who own the building, the property management companies, can just bulldoze the place down at anytime and you're left homeless? This is after paying a $400,000 mortgage.
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MabusIncarnate
05/12/19 4:56:36 PM
#2:


No, they cannot just bulldoze it down at any time, there are laws in place to provide plenty of time and notice to the residents. If the residents are living in condos, they should have zero problems finding a new place to live.
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#3
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electricbugs2
05/12/19 4:58:26 PM
#4:


MabusIncarnate posted...
No, they cannot just bulldoze it down at any time, there are laws in place to provide plenty of time and notice to the residents. If the residents are living in condos, they should have zero problems finding a new place to live.

He knows this, this is just part of his garbage gimmick.
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REMercsChamp
05/12/19 4:59:12 PM
#5:


MabusIncarnate posted...
No, they cannot just bulldoze it down at any time, there are laws in place to provide plenty of time and notice to the residents. If the residents are living in condos, they should have zero problems finding a new place to live.

You don't get the money back though so have fun pulling together hundreds of thousands of dollars for another mortgage
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#6
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lilORANG
05/12/19 5:06:41 PM
#7:


When you buy a condo you're basically just buying the air inside the walls of the condo.
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MetalGearSquid
05/12/19 5:07:00 PM
#8:


Live in your car. They cant bulldoze your car!
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REMercsChamp
05/12/19 5:07:39 PM
#9:


lilORANG posted...
When you buy a condo you're basically just buying the air inside the walls of the condo.

And when those walls are gone, you're left with nothing, except out $400,000 that you threw away on a worthless mortgage
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Serious Cat
05/12/19 6:02:05 PM
#10:


They have to buy the condo out first. As a condo owner, you have equity in the land and building.
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Delta_F14
05/12/19 6:04:11 PM
#11:


You've never even had a job, stfu.
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