How long can a condo building last and what will happen next?
Just out of curiosity, how long can a condo building last? I assume clement and concrete can last a long long time? What will happen if the building is breaking apart yet ownership is spread out. Will government buy back the land and compensate owners?
Am currently live in a less than 30 years old condo (rental) and it's already torn and there are so many problems. Furnace is not working and windows are leaking, let alone elevators break down all the time. I know it's silly but am afraid if I buy a condo would I outlast the building and be homeless...?