FLORIDA CONDO CRISIS: An In-Depth Explanation (WHAT YOU NEED TO KNOW)

Описание: FLORIDA CONDO CRISIS: An In-Depth Explanation. Florida’s condo market is facing its biggest shake-up in decades, and over 1.5 million Floridians are feeling the heat. Following the tragic 2021 Surfside condo collapse, new safety laws now require mandatory inspections for older buildings and stricter reserve fund requirements to cover major repairs. While these changes aim to improve safety, they’ve led to skyrocketing fees, massive special assessments, and financial strain on condo owners, especially retirees and those on fixed incomes. In this video, we break down why these laws were introduced, how they’re impacting condo owners and the real estate market, and what Governor DeSantis is proposing to ease the burden. Whether you’re a condo owner or thinking about buying in South Florida, this is your ultimate guide to navigating the condo crisis and protecting your investment.

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⏰ Timestamps:
00:00 - Intro
00:55 - Why Did Florida's Condo Laws Change?
02:38 - What Do These New Laws Require?
04:49 - The Financial Fallout: Special Assessments and Skyrocketing Fees
06:18 - Evacuations and the Condo Shuffle
07:21 - What’s Going on in the Real Estate Market?
08:22 - Governor DeSantis Steps In: What’s Being Done to Help?
09:53 - The Challenges Ahead: Special Session or Not?
10:40 - What’s Next for Florida Condo Owners?

Disclaimer: I am not a lawyer, CPA, or financial advisor. The information shared in this video, as well as in any of LIV South Florida's content, reflects my personal opinions and is intended for entertainment purposes only. I am a licensed Florida Realtor (SL3122005) and can provide guidance on buying or selling real estate within Florida. If you're outside of Florida, I’d be happy to refer you to a qualified agent in your area. Please do not make any real estate decisions based solely on this video. Always consult with a licensed professional, financial advisor, or attorney for specific advice tailored to your situation.

Disclosure: This post may include affiliate links. I only recommend products or services that I personally use or trust. If you choose to make a purchase through one of my affiliate links, I may earn a small commission at no additional cost to you. Your support helps grow this channel. Thank you for supporting my work! https://amzn.to/3OUR4e7

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