Mike Shedlock: Florida Condo Owners Dump Units Over Six-Figure Special Assessments

Florida Condo Owners Dump Units Over Six-Figure Special Assessments:

Have a Florida condo? Can you afford a $100,000 or higher special assessment for new safety standards?

After the collapse of a Surfside Building on June 24, 2021that killed 98 people, the state passed a structural safety law that is now biting owners.

Not only are insurance rates soaring, but owners are hit with huge special assessments topping $100,000.

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