Well, as bad as the collapse is, it is possible we can learn something from this collapse.There are an awful lot of similar buildings in florida, as well as other seaside communities.
Perhaps there should be mandated an annual survey of building foundation movement using laser technology , with results reported to county authorities and immediately available to building residents, investors, and insurance companies. It would seem that the insurance companies would be the first to push for such legislation. Certainly any investor in buying such an aged unit would require a detailed structural analysis before such a purchase, but it is also prudent to provide the individual condo residents to have timely access to such information, thus the annual laser scans. The negative side of such an approach is that there will occur a step change decrease in the value of some units.
"...when logic, and proportion, have fallen, sloppy dead..." Grace Slick