Miami orders evacuation of 156-unit as structurally and electrically unsafe

Post by yomly » Wed, Jul 07, 2021, 9:34 AM UTC

axiosgunnar wrote: post #79

yomly wrote: post #71

Earlier quoted context omitted.

While over any time frame a building will eventually collapse it's worth recalling that in europe many of the buildings are substantially older than those in the US. I foresee collapsing buildings becoming more and more of an issue for fast erected buildings from the past 50 or so years Slightly an aside but I believe that is part of the reason why leases in Singapore are often 99 years - because the government doesn…

Who is „them“ referring to?

Them = the buildings. This is pure conjecture but you could plan a cycle like the following:

Build new housing development

Sell all properties on it with 99 year leases

When 50 years to go on lease conduct on block sale (maybe developer pays)

Demolish and rebuild and restart 99 year lease cycle

This keeps construction industry active on scarce land resource

Keeps buildings fresh with latest materials and engineering principles

Gives property owners an exit on their 99 year lease so household wealth doesn't evaporate

Strategy folds when Singapore is no longer a desirable place to invest/build

Post by yomly » Wed, Jul 07, 2021, 9:38 AM UTC

kortilla wrote: post #97

yomly wrote: post #71

Earlier quoted context omitted.

While over any time frame a building will eventually collapse it's worth recalling that in europe many of the buildings are substantially older than those in the US. I foresee collapsing buildings becoming more and more of an issue for fast erected buildings from the past 50 or so years Slightly an aside but I believe that is part of the reason why leases in Singapore are often 99 years - because the government doesn…

> it's worth recalling that in europe many of the buildings are substantially older than those in the US. Not anything this tall. Mid to high rises weren’t really possible until very recently historically speaking. Also don’t forget that you’re literally hitting survivor bias here. Of course the old buildings still standing in Europe are the good construction, all of the others are gone.

You're quite right on both size of buildings and also survivorship bias!

Although the prevalence of old housing across the UK suggests (to me at least) that something systematic has changed. The fact that people can have an obsession with tudor, georgian, Victorian style housing tells me that things were built to last in a way that might be less true today.

As you say, the technology to build so high is a recent one, I note the Empire State Building is only 80 years old which is pretty young when compared against Notre Dame for example

Re: Miami orders evacuation of 156-unit as structurally and electrically unsafe

Re: Miami orders evacuation of 156-unit as structurally and electrically unsafe