Florida has an increasing condo problem. Increasing HOA fees, higher homeowners insurance, and new inspection requirements that will do nothing but increase HOA fees further!
But, is it really the end of condos in Florida? Will we see a "condo fire sale"?
No one really knows. But there are things that could be the beginning of a condo crisis right here in Florida. Between Florida insurance problems, inspection fees, and HOA increase costs, owning condos in Florida could be a thing of the base. There has definitely been a condo market slowdown in Florida, particularly in South Florida.
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