fitpaula3 on Nostr: It wasn’t voted for. When the building collapsed in Surfside about 2 yrs ago and 98 ...
It wasn’t voted for. When the building collapsed in Surfside about 2 yrs ago and 98 people died, DeSantis made a law that all condos with 3 stories or more, have to hold bank reserves to completely cover replacement costs for roof, structural, plumbing, electrical etc. so that a building doesn’t collapse due to neglect. This is a good thing except that most condos have deferred maintenance and don’t have enough time to build those reserves. I expect a condo correction in FL in 2025 and and increase in most HOA fees of over 50%. Many can’t afford that. It will be interesting 🧐
Published at
2024-02-11 19:10:07Event JSON
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