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#1 2025-02-05 05:48:07
- Loohan
- Administrator
- Registered: 2014-10-31
- Posts: 34,186
manufactured FL housing crisis
First off, i think people should consider moving to areas less in the path of hurricanes. But...
Staggering warning that Florida condo crisis could trigger 'next wave of homeless people'
READ MORE: Florida hit by worst real estate crisis in decades
https://www.dailymail.co.uk/real-estate … eople.html
In the aftermath of the deadly Surfside condo collapse in 2021, Governor Ron DeSantis passed new safety laws.
These required condo associations to have sufficient reserves to cover major repairs, and to conduct a survey of these reserves every decade.
But this also means that older condos, largely located in South Florida, are facing staggering increases to association payments in order to pay for reserves and repair costs.
Residents of one condo building in Brickell, Miami, were left blindsided and financially overwhelmed after being served a huge $21 million bill for repairs in November.
Lawmakers are now grappling to find a middle ground between ensuring buildings are safe, while also making sure homeowners are not bled dry.
'Our next wave of homeless people will be our fixed-income elderly who could no longer afford the triple reserves or the quadruple dues that their condos that they have lived in for often 20, 30, 40 years are assessing them at this point,' Caruso told the Miami Herald.
We know that that no-one died in the staged demolition of the Surfside condo. I remember posting some anomalies at the time.
Caruso, of course, is a CIA RC. Very strange specimen, as all his cyborg hardware seems to be in the the left side of his body and head.
I also sense his intensely intimate ties to BlackRock, another govt agency. One rumored to be buying up a lot of residential real estate. Which conveniently is now plummeting in price.
If the condos are so unsafe, why did they bother with a staged destruction to serve as a pretext for legislation?
Florida hit by 'worst real estate crisis in decades' as desperate condo owners slash prices by up to 40%: 'It's paradise lost'
READ MORE: Florida hit by massive exodus of condo owners spooked by market
https://www.dailymail.co.uk/news/articl … rices.html
The problem they face, however, is whether anyone will want to buy them even at massive discounts given the strings attached.
The Champlain Tower disaster lifted the lid on the widespread neglect of old condominiums, with associations postponing crucial repairs to save cash.
It prompted lawmakers to introduce the SB 4-D Bill in May 2022, which requires all Florida condos aged 30 years and older to undergo an inspection by the end of the year.
Condo owners and associations must start repairs and maintenance works flagged in the report within a year of receiving it.
Might be a good time for construction worked to move to FL for a while.
On Jan 31 i blogged
https://loohan.com/blog1-25.htm
about another agency found under all of FL, that FEMA parasites are working with. Every day we mop up more of their bases. WHAT is the agenda?
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