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Florida condo market sinking on the back of their insurance crisis?
#9
cbelt3 wrote:
It’s not just insurance. It’s decades of HOA’s not maintaining the buildings or maintaining sufficient reserves, coupled with insurance rates skyrocketing, in part because ONE HOA really screwed up and a lot of people died when the building collapsed.

Climate change and worsening storms is a small statistical part of it. It’s human greed.

Yes, Florida now requires more frequent structural inspections. Many condo associations have had to increase dues to cover these inspections
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Re: Florida condo market sinking on the back of their insurance crisis? - by Mr645 - 03-15-2024, 08:57 PM

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