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Florida Condos Are Being Sold and Crushed! It Is Happening! (Video)

Monday, January 20, 2025 17:02

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This is a 19 January 2025 video from host Yak Motley.

The Florida state law, passed back in 2022, requires condo buildings which are three stories and higher must undergo an inspection if 30 years old and repeat the inspection every 10 years thereafter. Starting on day one, the HOAs must have sufficient monetary reserves to cover major repairs to the building which might be required.

While lawmakers hope these reforms will improve the quality of condo life in the long run, the immediate fallout could cause a slump in the real estate market as more owners sell to avoid impending assessments.

https://youtu.be/s0OI7LQWPuw

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