I did a post on this sometime back, but a friend last night urged me to watch this documentary again and then blog about it. So here goes:
The Condo Game is a fabulous documentary about the condo market in Toronto and how unscrupulous developers are ‘scrupling’ the rest of us with their crookedness and irresponsible building practices. And Canadians are just as dumb as Americans as they purchase in these high-rise hellholes. HOAs on steroids and tens of thousands of people are beginning to see how badly they’ve been ripped off.
AirBnB, VRBO, and online vacation rental sites have taken on a life of their own. Now condo owners can arrange to rent their units by the week, with the click of a few buttons. But some Florida condo owners are upset that their condo building has been overrun with tourists from all over the world, making their homes feel more like a hotel.
In the video report linked below, Michele Gillen, CBS4, Miami Beach, features Octagon Towers, just steps from South Beach. One condo owner laments that she no longer knows her neighbors, because they change every week. The problem has been ongoing.
