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Florida condo market sinking on the back of their insurance crisis?
#12
mattkime wrote:
[quote=Mr645]
Yes, Florida now requires more frequent structural inspections.

seems to go against everything the state stands for.
I fail to understand. Structural issues were found in a building and many people died. What was 50 yr inspections are now 30 or 40 depending on location. Also, to protect residents of these condos, reserves are now required for various time related repairs and maintenance issues to prevent large assessments that put retired folks at risk of losing their homes.

Florida is all about protecting the citizens from crime and devastating economic changes. We had few issues with riots because we empower our police to enforce peaceful protests and not violence. Same reason Miami canceled Spring break, dozens of young people hurt, massive crime issues with the Miami Beach crowds. Just a bit North we have Ft. Lauderdale where a similar large spring break happens but different crowds, few issues, no problems.
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Re: Florida condo market sinking on the back of their insurance crisis? - by Mr645 - 03-16-2024, 11:45 PM

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