This Florida $100k condo assessments seem like a trainwreck about to happen

https://finance.yahoo.com/news/south-florida-condo-owners-dumping-101000141.html

1) Not every resident can pay. They will just not pay. ClusterF ? 100% compliance seems impossible.

2) Sell? To whom? Even if discounted by the assessment amount, who would actually buy into a condo with this ClusterF? Not everyone pays, project never gets done, etc. Years of headaches?

Seems like a race to $1

Anyone have experience with huge 6-fig condo assessments and aftermath?