Leaky condo crisis

Okay kiddo, let me try to explain the leaky condo crisis in a way that's easy to understand.

Do you know what a condo is? It's like an apartment, but you can own it like a house.

Now, some condos in some places were built in a way that's not very good. The builders didn't use the right materials or didn't make it strong enough to last a long time.

Because of that, water started to leak inside the condos. That's not good because water can make things like wood and metal get damaged and start to rot.

A lot of people who owned these leaky condos were very upset. They had to pay a lot of money to fix all the problems that the water caused. It was a big problem that affected many people.

So, that's what the leaky condo crisis was all about. It was a big problem with some condos built in certain places that caused a lot of damage and upset to the people who lived there.