))
Why bankrupting struggling owners is a bad idea
Manage episode 375759491 series 3438107
Content provided by Jimmy Thomson & Sue Williams, Jimmy Thomson, and Sue Williams. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jimmy Thomson & Sue Williams, Jimmy Thomson, and Sue Williams or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
No sooner had we written about how paying levies is often the first thing to go when apartment owners are facing a cost-of-living crisis, than this story pops up on the ABC.
It’s about a woman that got into so much debt that her owners corp eventually had her declared bankrupt.
In today’s podcast, Paul Morton of Lannock Finance explains why that didn’t need to happen and what the owners corp could have done – at no cost to the scheme – to give the struggling home owner another way out.
Also we talk about an SMH report about the “missing middle” in apartment building, and how the small apartment block that was once the standard model throughout Australian cities could be the compromise solution when the need for more homes butts up against anti-apartment Nimbys.
And we look at proposed body corporate reforms in Queensland – and what’s missing from their modest proposals for change.
That’s all in this week’s Flat Chat wrap.
____________________________________________________
Flat Chat is all about apartment living, especially in Australia.
Find us on Facebook and Twitter and the Flat Chat website.
Send comments and questions to mail@flatchat.com.au.
Register to ask and answer questions about apartment living anonymously on the website.
Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
375 episodes
Share
