Surfside Condo Collapse Could Reshape Miami’s Real Estate Market

43 thoughts on “Surfside Condo Collapse Could Reshape Miami’s Real Estate Market”

1. That's why they should build smaller and more stable apartments.

2. Sadly there are hundreds of similar buildings like a ticking bomb in FL. The video below shows how we have fixed some similar buildings worldwide at significantly lower costs. The US military uses this system worldwide also.
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3. I have ideas move to Arkansas, Oklahoma or Alaska for affordable and peaceful living. Why live Florida low land could be tsunamis 🌊, flooding and hurricane all the drama and fears coming soon.

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5. 4:40 Lower income families/retirees NEVER had a chance at a home in Miami beach, please come back from your cloud of disconnect with reality

6. Wanna play? Gotta pay! Cash is king and those who hold the most, make the rules.

7. People were sold these high priced condos with ocean view to retirees and investors. Builders made all the money 💲 and ran away. People were foolish to buy ocean side condos where the risks of corrosion, flash storm, hurricane etc.are very high. Do they really look at the ocean every day?

8. So nobody is coming to the realization that this is a ploy move people out and build more lucrative buildings?

9. Retire in Costa Rica!

10. Why are people still living in high condo in Miami After collapse of one condo?

11. Thank God a judge is allowing the penny pinchers to sell the collapse condo before someone turns it into a memorial park.

12. Changes in Miami, what about 30 or 40 year old condos in NYC, San Francisco, and other cities. We already have this huge condo tower in SF that's sinking…. How many old condos are in the USA?

13. Lower income people cannot afford for the Israeli military to come and conduct a private search of the debris????

14. What do you mean low income? Units costed 700,000. You are really out of touch with the true average American.

15. You won't see the mainstream Media or really anybody else talking about the real issue here. The issue being that people have been brainwashed into believing it's a good idea to live in a million-dollar condo in a structure that just ain't natural.
    … Or working in an office building that can be destroyed while people are at work. People dying as they are at home or in bed because humans think having fancy things is a great idea.
    But you would think that if you're going to pay a million bucks for a condo you would at least get some decent maintenance wouldn't you, even if the construction sucked from the outset?
    This is what is wrong with the human race, and it's very sad that people have to find out the hard way and they never quite connect the dots.
    Screw the real estate market, we have BIGGER FISH TO FRY!

16. The background electronic nbeeps and noise is sooooo anoying

17. If they had kept up maintenance and got regular engineer reports they could have kept up with the cost.

18. Disgraceful. These buildings can’t even last 40 years.

19. The HOA FAILED because repairs should be done in a timely manner, over the course of the building's life. Once the disrepair gets horribly bad, the repairs will be super COSTLY and that's why they dragged their feet. They needed many millions because they waited too long.. I wonder what happened to all the monies collected over the last 40 years ??? Some of it should have been allocated all along. All properties go into disrepair over time, but especially oceanfront. You have to keep up with it.

20. Retirement does not = low income
    That buildings lowest apartment went for $700,000 dollars those folks were not low income
    Even buying that apt 40 years ago meant you were of means.
    There are many affordable locations for people to buy condos but beach front property is not ever going to be ‘affordable’
    This report did a poor job discerning demographics of those impacted and folks renting perpetually in older Miami buildings.

21. The Construction Code for all the State should be rewritten with State and Federal Rules. And avoid these failures in the future,all Miami Dade is at risk if they don't reinforce the Normatives of Construction for all the buildings.

22. What you talking about man. The condo industry is destroyed. They have been terminated. They are about to lose billions and trillions of dollars in this market. Just to think I wanted to live in a nice condo with amenities. The grass is not always greener on the other side.

23. good, they get bought out. Better than losing everything in a collapse.

24. Huh, the return to the gilded age means a bifurcation of the US economy. Ask Mr Trump what to do?

25. Industry self regulation is a failed strategy.

26. NBC TALKING ABOUT THE MONEY ALREADY!?? BEFORE VICTIMS ARE EVEN BURIED PROBABLY, STAY CLASSY NBC

27. The problem was the poor design of the columns and support beams. It lacked of steel reinforced concrete for the weight of the towers and the parking and pool. The Authotities should go for the Builders of that Condominium.

28. Montana and Wyoming say "hello." These people want to be pampered and live the easy life. Who says that a retiree community cannot be built in Montana? If it gets cold, deal with it. About as bad as it gets in the summer is grizzlies and horse flies.

29. The entire condo association process for getting structural issues repaired is flawed and needs to be developed from scratch. Who would buy a property where you are at the mercy of your fellow condo owners doing the right thing? Repairing your building should not come down to a vote.

30. How rude….wow!

31. Just keep building in a fragile ecosystem with rising tides. That should turn out well

32. This is going to reshape reestate all over the US if not world. This is not a problem unique to Florida and places as far away as Australia are dealing with similar issues. Now with it at the top of mind, everyone is going to want everything fixed, now.

33. I Don't care what the engineers say don't they build buildings? every building built is money for them no condo for me even a free one would not work for me .

34. This is similar to the twin towers collapse. The D.E.W(s) Directed Energy weapon system "Laser" weapon

35. Well if its gonne cost so much to inspect and then still get repairs.

    Just bring it down and rebuild it. Itll probably be cheaper.

    Plus everything will safer, more modern tech, engineering, & code.

36. This will never be forgotten

37. Paying mortgage for 30 years and the brand new building becomes grave yard after 30 years. What ever they are going to build there will become collapse after 30-40 years.no need to buy. Vertical development simply sucks there. If you are low income , if you can not afford to be at shoreline , simply don't be there . Go and buy some decent place from doral or whatever else.

38. Structurely sound? I think they are deadly sound.

39. The beloved pets of the residences deserve to be respected and buried with their owners,. I also want to know why a building that high was built without steel beams to compliment the reinforced concrete. Shady deals were made and the construction was sub-par with shoddy materials. Greed kills.

40. The lady was like : but this is unfair
    The guy was like : yes I know but c'est la vie !

41. This is simply the result of a developer that built a crappy building to make money. I'm pretty sure that building was built with very few beams so it could fit more floors, that's why you don't see beams in the garage o not enough beam and you don't see beams over the windows. The windows are put in between the slabs. For a building to be strong there has to be beams to support the weight, or at least the columns in the garage should have abacus and capitals to support the weight of the building. I'm surprised no one said anything about it and you can even see it in the videos and photos online. And where the building first collapsed in those 3 columns didn't have a strong enough beam or long enough to support them. Also the columns weren't one column, they were place one on top of the other. What happens when you put one tall object over another, they buckle under weight. This building was doomed from the very beginning, it was just a matter of time. I wouldn't live in the sister buildings either since you can see they have the same flaws.

42. Could do without the unwanted political ads and content here.

43. If you are stupid enough to buy land made of sand , you deserve what you get .

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