Florida condo owners are stuck in a 'train wreck' as prices drop and mounting insurance rates scare away buyers
- Thread starter bnew
- Start date
CashmereThoughts
Veteran
I remember when FL was the cheap spot people ran too 
As prices drop my ass..
CashmereThoughts
Veteran
It’s just like these massive cities their building in deserts with a pending water crisis.
They’re putting the “cap” in capitalism
MajesticLion
Superstar
Ehh....the government will bail them out or maybe sone Chinese hedgefund will come in and buy all of those buildings
loyola llothta
☭☭☭
It’s over.
Ethnic Vagina Finder
The Great Paper Chaser
At least they got the don't say gay bill 
fukkin fagitsAt least they got the don't say gay bill
Gritsngravy
Superstar
This wasn’t long ago neitherI remember when FL was the cheap spot people ran too
ORDER_66
The Fire Rises 2023
South florida will be underwater soon literally so thats a bad investment...
more sinkholes too 
Somehow this will be blamed on "DEI".
Oldschooler
All Star
Not sure that condos are affected too much by Hurricanes. Unless you're living in the first floor you don't have to worry about a natural flood. Problem with Florida is that condos don't have a mandatory reserve fund to help with regular maintenance and repair. There's decades of deferred maintenance costs. This is especially important for ocean side buildings as the salty moisture in the air corrodes concrete reinforcing bars at a faster rate.
‘I felt like I’d been baited and switched’: Florida woman has to sell house after property tax bill soars 174%
‘I felt like I’d been baited and switched’: Florida woman has to sell house after property tax bill soars 174%
New homeowners are suffering from sticker shock
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