[Newfie]

Right,

It does not need to be that way but often it is, even in private sector.

The best run company I ever worked for, by far, was ruined by Posner and Milken. At least Milken went to jail for the deal. Cold comfort.

[jedrider]

damning engineer's report that said $15m needed to be spent on urgent repairs
https://www.dailymail.co.uk/news/article-9745755/Majority-Florida-condo-board-QUIT-2019-amid-bickering-repairs.html

I'm thinking that the repairs would only have delayed the inevitable. The building was already failed.