Florida's Condo Crisis is Turning Catastrophic

Florida condo owners are currently facing the most severe real estate downturn the sunshine state has faced in decades. Plummeting values and massive repair costs are causing dramatic reductions in property prices. Learn more

Condo owners are being forced to sell in far from ideal conditions, some reducing property prices by as much as 40%

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The 2021 collapse of the Champlain Tower South in Surfside which claimed 98 lives triggered new legislation that requires condominium owners to pay for costly repairs and maintenance.

Florida condo owners -many of whom are retirees- can no longer afford the rising costs. Some retirees are being forced back to work.

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Karen Shipman, retiree living in Venice, Florida:

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In addition to rising maintenance costs, there has also been a shocking uptick in HOA fees on top of insurance and mortgage fees. Residents have expressed their frustration with Gov. Ron DeSantis’ new law that could cost homeowners $60,000 per household.

HOA fees in South Florida have risen over 60% in the past 5 years

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[{"selector":"#anim-3967b171-cc9f-46bb-a08e-8d0ffb600f95","keyframes":{"opacity":[0,1]},"delay":500,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f1c2e1d7-b314-4a0d-912e-402f0b969c38","keyframes":{"opacity":[0,1]},"delay":500,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] DeSantis’ New Law to Cost Florida Homeowners $60,000 Per Household Senate Leader Refuses to Address Condo Crisis, Sparking Outrage in the Sunshine State