Based on the information in the other thread, the balcony appeared to fail because of water infiltration. The waterproofing detail didn't make sense, there was nowhere for water to go, but there was a path in. Once it got in, the wood rotted since it wasn't PT (should have been, but didn't need to be). The design if the balcony was such that the degradation could not be seen since it was enclosed. Additionally, the fact that the balcony was a pure cantilever did not add any redundancy or promote gradual failure. Honestly, I'm surprised that the entire thing failed at once since there were 8 members that had to fail.
If this was a concrete balcony that was not designed for water intrusion, the rebar would have rusted eventually. If it were a steel balcony covered with the same detail, it would have rusted and no one would have noticed. Also, these would cost several times what the wood balcony cost.
The fact that is was wood had nothing to do with it. There are tens of thousands of wood balconies out there. Steel would add cost and complexity. Not to mention thermal bridging issues. For a small fee, these could have been PT and maybe 6 people would still be alive. More over, if the waterproofing detail was better, maybe the water would never have gotten in.
Most decisions in engineering are cost driven. I'm sure carbon fiber titanium balconies would be better than these, but some things are not practical.
When I am working on a problem, I never think about beauty but when I have finished, if the solution is not beautiful, I know it is wrong.
-R. Buckminster Fuller