More on condominiums as a real estate type
Condominium, by John MacDonald. Published in 1977, I read it in the early 1980s.
It's a rendition of the Florida real estate boom at the time, the machinations of developers and other interests, and in this case, the potential for a hurricane to wipe out beachfront property.
The particular building that is at the heart of the story faces economic problems as it ages, assessments need to increase, some people can't afford it, and the potential decline in the face of new buildings being constructed nearby. From one of the comments at Good Reads:
Condominium is not a novelization of actual events. It does however paint a realistic enough picture of the sorts of things that can go wrong to contribute to as massive a disaster as described in the final pages of this novel. MacDonald doesn't point the finger at just one person making mistakes or cutting corners as the cause. Instead he builds suspense on the knowledge that little mistakes and efforts to cut corners in the interest of saving money add up.It was made into a tv miniseries, but I've never seen it. The plot of the tv program differs a bit from the book.
In the middle of all of this are the families, mostly retirees on fixed incomes, who have maxed out their budgets to buy a retire[ment] home. With Ian on the board of our local HOA, I sympathized with the HOAs in this novel who struggled to undo the mess the developers left them with on their limited budgets.