New regulations after a condo collapse in Florida are leading to high repair costs for condo owners, causing many to sell. This has increased the supply of condos on the market while demand decreases due to uncertainty about building safety. These factors combined are causing condo prices to collapse.
https://www.nbcnews.com/politics/economics/reckoning-coming-floridas-condo-owners-buildings-face-millions-repairs-rcna165764
#us #economy
Yogthos /
npub1sk…3dt3n
2024-08-18 01:32:25
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wss://relay.momostr.pinkPublished at
2024-08-18 01:32:25Event JSON
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