By Deborah Goonan, Independent American Communities
This is an update on Brannon Hill, among the worst condo associations in the US. While DeKalb County (Georgia) is still trying to figure out how to clean up what’s left of the community, and where to relocate its remaining residents, the place continues to fall apart, with massive sinkholes opening up in the parking log.
Massive sinkhole swallows up parking lot at blighted condo complex
Notice the total absence of real estate investors willing to swoop in an “save” Brannon Hill Condominiums.
CBS News 46 reports that the County plans to go after the unit owners to pay for clean up and repairs. Good luck with that. The owners won’t even allow access to the property without a judge’s order. Most to the condo owners cannot be located, and the ones that can, are obviously irresponsible landlords just collecting rent.
DeKalb County needs to face the fact that taxpayers will have to pay for the failure of Brannon Hill Condos. A condemnation is in order, sooner rather than later.
Every taxpayer across the US needs to understand the negative financial and social impacts of thousands of Brannon Hills across the country.
According to industry trade group CAI, there are roughly 336,000 Associations in the US. Even if “only” 10% of Association Governed Residential Communities are in distress – and that’s a conservative estimate – we are talking about 34,000 blighted, financially bankrupt communities, affecting hundreds of thousands of housing units and the unfortunate people that reside in them.
Of course, there’s no way to know exactly how many people are affected, since no one, not even HUD or the US Census, is keeping track.
I’ve written about Brannon Hill several times before on IAC:
Brannon Hill Condos: proof positive that HOAs don’t prevent blight
Is there hope for worst condos in America?
As well as other dilapidated condos:
The High Cost of Failed Condominiums
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