This exchange at vancouvercondo.info 17 Jan 2010 -
hippo 11:10 am – “A friend’s 16 year new condo building needs repiping done, budgeted at $1 million. The piping system was supposed to last 20-25 years. Each unit has to cough up around $8,000. But they are have trouble hiring contractors.”
crabman 11:34 am – “$8,000 special assessment for a 16 year old building? They got off easy! Where I’m renting, the owners had to come up with $20,000 each to replace the membranes in a 12 year old building. Of course, compared to the Governor’s Tower, my landlord got off easy, too. Those guys had to cough up $120,000 each, for a 13 year old sieve. [They had] to replace the entire building envelope!”
