Скачать или смотреть NOBODY can AFFORD Florida's condos SPECIAL ASSESSMENTS

Unfortunately the dream of a Florida condo is becoming a thing of the past. With all the special assessments that are being forced on the condo owners, many are left with no choice but to list their property for sale. Or so they think! Listing it is different than selling it. Why is this happening? Simple... with insurance costs going up, and then a senate bill that made it law for condo buildings to have a structural integrity study, called a milestone inspection, and then of course the hurricanes and fully funding the reserves, it all comes tumbling down on the owners who have a limited budget, and can't afford the extra payments.

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🏝️🌊 Are Florida condo prices plummeting? Join me on a walk through Nathan Benderson Park in Sarasota as we delve into the recent downturn in the condo market. Check out the article linked in the description for detailed insights. 🏖️🌴

In the wake of the Surfside collapse, insurance costs and HOA fees for condos have surged, triggering a downward spiral in Florida's condo market. But the situation varies across the state. 📉🏢

In Jacksonville, median condo prices dropped by 7% with a staggering 27% decrease in sales. Similarly, Northport witnessed an 82% surge in condo listings, far above the national average. 📊💼

The impending implementation of a Senate bill mandates structural inspections and full funding of reserve accounts for condo associations, further exacerbating fee hikes. As association fees soar, condo prices follow suit, offering a rare opportunity for potential buyers. 🏗️🏘️

But it's not all doom and gloom. 🌞💡 Amidst the turmoil, beachfront condos with high rental potential remain an attractive investment, offering lucrative returns despite the market downturn. 📈💰

So, what's the verdict? Join the discussion by leaving a comment below with your predictions on condo prices in Florida. ⬇️💬 Don't forget to like, share, and subscribe for more updates on Florida real estate! 📈🏡