If you think people with lots of money, able to afford a New York City condo between $15 and $88 million US, use good sense when signing a check for real estate, read on. Floods, creaking walls as the building sways, dodgy elevators, lions, and tigers, and bears, oh my.
The group commissioned SBI Consultants, an engineering firm, to study mechanical and structural issues. Initial findings showed that 73 percent of mechanical, electrical and plumbing components observed failed to conform with the developers’ drawings, and that almost a quarter “presented actual life safety issues.”
Perhaps worst of all is the secrecy the developers, real estate agents, and some residents engage in to protect property values, meaning the problems are passed on to the next sucker. The tale almost makes the Tower of Babel narrative sensible. People who want to be above others take a fall.
“Everybody hates each other here,” she said, but, for the most part, residents want to keep the squabbling out of the public eye.