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Florida hit by massive exodus of condo owners spooked

Discussion in 'Other News' started by Chinatown, Aug 17, 2024.

  1. Aug 17, 2024 #1
    Chinatown

    Chinatown Road Train Member

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    Chinatown, Aug 17, 2024
    Chinatown, Aug 17, 2024
    #1
    austinmike, mjd4277, sevenmph and 1 other person Thank this.
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  3. Aug 17, 2024 #2
    Chinatown

    Chinatown Road Train Member

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    Chinatown, Aug 17, 2024
    Chinatown, Aug 17, 2024
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  4. Aug 17, 2024 #3
    Flat Earth Trucker

    Flat Earth Trucker Road Train Member

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    Flat Earth Trucker, Aug 17, 2024
    Flat Earth Trucker, Aug 17, 2024
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    austinmike and Concorde Thank this.
  5. Aug 17, 2024 #4
    sevenmph

    sevenmph Road Train Member

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    There was a lot of fluff in the first article. I didn't read the second. It's simple, the new law calls for astronomical increases to the reserve funds. Some owners are getting hit with HOA fees 3 times what they were paying.
    What no one is talking about----how many HOAs can you trust with that kind of money. Embezzling and misusing HOA funds is not uncommon in Florida.
     
    sevenmph, Aug 17, 2024
    sevenmph, Aug 17, 2024
    #4
    surf_avenue, Flat Earth Trucker, austinmike and 2 others Thank this.
  7. Aug 17, 2024 #5
    idriveaholden

    idriveaholden Super Heavy Hauler

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    idriveaholden, Aug 17, 2024
    idriveaholden, Aug 17, 2024
    #5
  8. Aug 17, 2024 #6
    Concorde

    Concorde Road Train Member

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    Here we go again, the sky is falling. Five alarm dumpster fire.

    Wasn't long ago that all those South Florida high rise condos were empty.
     
    Concorde, Aug 17, 2024
    Concorde, Aug 17, 2024
    #6
  9. Aug 17, 2024 #7
    Chinatown

    Chinatown Road Train Member

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    I looked at some condo's several years ago in Las Vegas. Loved the location, on a golf course in a serene setting. I don't play golf, but the price was right, so I thought.
    Condos were selling for between $100G - $150G. Two bedroom.
    Seemed too good to be true and it was.
    Property taxes and Association Fees added up to $1700 a month. So, even paying cash for the condo, you're stuck with $1700 a month for as long as you own the condo.
     
    Chinatown, Aug 17, 2024
    Chinatown, Aug 17, 2024
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    Flat Earth Trucker Thanks this.
  10. Aug 17, 2024 #8
    Space Truckin

    Space Truckin Light Load Member

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    Venus, Mars, and Tampa, FL
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    Don't let the door hitcha where the Good Lord splitcha!

    As a native, I don't even want to live here any more myself. Way too many people now, traffic, crazy drivers, etc.

    You will own nothing, and you will be happy!
     
    Space Truckin, Aug 17, 2024
    Space Truckin, Aug 17, 2024
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    ‘Olhand and Flat Earth Trucker Thank this.
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