Make it clear to me: I’m going to move to Florida in overheated environment, hurricanes, torrential rains, alligators in the streets, no see ‘ems mosquitoes, little lizards on sidewalks, predator snakes etc, etc?. In addition to overpriced Condos with monthly fees of about $1,500? Not this Jersey Boy!!
Actually they said 20 years, and that's in addition to other recent increases making her HOA fee $1,390 per month. She's now up to $1,728 per month with that, just for fees. Anyway, I don't know the solution. If anything, this is only going to get worse. It's no wonder why the condo market is saturated with people trying to sell. Who wants to buy something that gets you a huge HOA fee, and then an immediate huge assessment.
They were always only for rich people. The people having problems are the one's who were deferring maintenance because they were trying to live above their means and it finally caught up to them!
I know these assessments across the board are more or less absurd, but a lot of these condos are 40+ years old on soft soil near the beach. A lot of it is totally necessary. The way there going about it at one time is the problem. These repair/renovations should have happened along the course of 15-20 years ago so to not burden the whole cost on present owners. It was a complete fail by the city/county.
Agree with a 20 year issue. However many condo boards did not have a capital upgrade plan and budget plus the county was purposely lax on enforcing inspections etc. ( assuming the county even had any regulations) .
This is what happens when you let ‘the market’ decide when to repair massive, residential concrete and steel structures on soft ground and exposed to salty air
@sessionstu Look up Surfside condo collapse and then get back to me on why you don’t want to challenge an assessment for maintenance of a large building.
When they say real estate is a good investment they don't mean Florida condos in a building. Only a fool would buy a condo in Florida. Buy single family homes or one story townhouses and you'll be safe forever. 💯💯💯🤣
There aren't enough single famiily homes in South Florida. Living in a condo was, and probably is, still the only choice for many people. Unfortunately.
I’m singing out of this state when I move out, goodbye sucky Florida your over priced over hiked, hurricanes and torrential rains makes insurance companies go insane, then they leave I’m ready to leave, goodbye sunshine state your overcrowded now with that haze traffic is such a pain, the sand your on let it stink when you sink, I will be free and saving money for my needs
Bad time to invest in Florida. Closed on my house in West Palm Beach last month. Renting a luxury apartment with the proceeds, getting 7% interest. Absolutely no regrets.
Why do such problems exist only in the US? In many countries, there are no such problems, I think the problem is that all kinds of monopolies have been created around, which allow certain people to get disproportionately high profits in relation to the efforts.
When they say real estate is a good investment they don't mean Florida condos in a building. Only a fool would buy a condo in Florida. Buy single family homes or one story townhouses and you'll be safe forever. 💯💯💯🤣
When you own real estate in any form, you have to be aware that sometimes major system fail. That applies to condos as well as stand alone buildings. If you don't like it, sell out and move to to trailer in West Virginia.
This will come to pass and the government will end up stepping in. People will refuse to pay the fees and the associations will go under. Lawsuits coming.
*"can't afford the old builds so that the new developers can buy up through condemnation"* with of course the danger of having abandoned properties starting to appear everywhere ruining the value of both new and old. The good news is new builds continue to be built out so there should be in the name of keeping all that is new fully occupied transfer over from old builds to new occupancy. The alternative is everyone loses 😊
Condo Crisis is here in Ohio as well. My mother is reporting as well she is in Colorado. It's in Canada and Hawaii my brother his starting happening 6 mths ago. I think it's going to be Nation Wide very soon. Looking forward to life Beyond Privatopia very good book reading to prepare one's self
@@jbar_85 then I’m not sure what a special session would’ve done. I’m not saying they are not lazy. But politicians can’t legislate every problem out of existence. The best they can do is extend the time to pay into the reserves. But that’s not gonna solve their problem. It’s just gonna spread it out.
It’s easy lower it But than it’s to hard to do when you got rich thief’s that get richer while the poor keep seeing these videos and nothing happens in 2 years it’ll be worst
Yes, government policy allowed the owners of condominiums to not maintain their buildings or keep reserves. And some of them chose this path if they didn’t know how it was going to end then that’s on them.
Nah, just clap their cheeks and leave when she is asleep! Then go for average looking women because they most likely aren't gold diggers and probably won't cheat! Game is game
Let’s talk about paying 2000 dollars rent for a one bedroom
I pay 2k for a studio 😔
@@jazzrez7393 in Florida it’s so expensive
Mines $2900, but it’s a luxury and well worth it. Also in Aventura.
I pay 2400 for 1 br in the oldest building in Bay Harbor Islands
No, it's Miami.@@deescott8312
Make it clear to me: I’m going to move to Florida in overheated environment, hurricanes, torrential rains, alligators in the streets, no see ‘ems mosquitoes, little lizards on sidewalks, predator snakes etc, etc?. In addition to overpriced Condos with monthly fees of about $1,500? Not this Jersey Boy!!
An $81K assessment spread over 30 years is a paltry $2.7K per year. You shouldn't be living on waterfront property if you can't afford peanuts.
True. I would rather pay $81k than taking the risk of the building falling down in the middle of the night.
Actually they said 20 years, and that's in addition to other recent increases making her HOA fee $1,390 per month. She's now up to $1,728 per month with that, just for fees. Anyway, I don't know the solution. If anything, this is only going to get worse. It's no wonder why the condo market is saturated with people trying to sell. Who wants to buy something that gets you a huge HOA fee, and then an immediate huge assessment.
Either condos are now for rich people, or we just need to demolish all buildings and just live in regular 1-2 stories apartments or houses.
They were always only for rich people. The people having problems are the one's who were deferring maintenance because they were trying to live above their means and it finally caught up to them!
They DOn't want poor ppl in FL anymore.
@NomadinBroward It's been the Same for decades. This state only wants the wealthiest people to live in Florida.
@mariagautier5956 Yup I'm trying to leave but everywhere is the same.
@@NomadinBroward They want them in Venezuela!
People failing to invest in maintenance for decades is the problem.
Alot of retirees figure they're only going to be there 10 years so they vote to delay repairs for the next sucker.
I'm pretty sure that maintainence fees are not something new.
Which people are you referring to?
Very true
I know these assessments across the board are more or less absurd, but a lot of these condos are 40+ years old on soft soil near the beach. A lot of it is totally necessary. The way there going about it at one time is the problem. These repair/renovations should have happened along the course of 15-20 years ago so to not burden the whole cost on present owners. It was a complete fail by the city/county.
Agree with a 20 year issue. However many condo boards did not have a capital upgrade plan and budget plus the county was purposely lax on enforcing inspections etc. ( assuming the county even had any regulations) .
A perfect example of "kick the can" deferred maintenance
This is what happens when you let ‘the market’ decide when to repair massive, residential concrete and steel structures on soft ground and exposed to salty air
@@Plutogalaxy the HOA is the market solution for building maintenance
@@Plutogalaxy i did. the 'market solution' and 'the hoa' are equivalent in this case
2-4k HOA is a scam/horrible on top of your mortgage or re assessments
It's not so much if you do repairs as soon as they are needed. But yes, both labor and materials have skyrocketed in this miserable economy.
The Three Rules For Condominium Ownership In Florida
1. Never buy a condo
2. Never buy a condo
3. Never buy a condo.
The first thing I would do is challange the cost of the assessments. South Florida is so corrupt. You know they're inflating the true cost.
@sessionstu Look up Surfside condo collapse and then get back to me on why you don’t want to challenge an assessment for maintenance of a large building.
@@bobroberts2217crazy how on one event, millions suffering the new scam.
Soon a house will cost $1 in FL but taxes and insurance will be $3,500/month.
People will refuse to pay for insurance and the insurance companies will go broke.
When they say real estate is a good investment they don't mean Florida condos in a building. Only a fool would buy a condo in Florida. Buy single family homes or one story townhouses and you'll be safe forever. 💯💯💯🤣
There aren't enough single famiily homes in South Florida. Living in a condo was, and probably is, still the only choice for many people. Unfortunately.
I would never buy a condo in a building built before 2010
wow back in 1994 when i lived in plantation i only paid $75 and I thought then it was too much.
thank you Desantis
Miamians voted for Republicans to the state senate 🤷🏽♀️
Now Republicans taking their homes & selling them pennies on the dollar to real estate firms
How about that the State legislature is only in session for less then 25% of the year... that's a joke.
I’m leaving Florida because of this
I’m singing out of this state when I move out, goodbye sucky Florida your over priced over hiked, hurricanes and torrential rains makes insurance companies go insane, then they leave I’m ready to leave, goodbye sunshine state your overcrowded now with that haze traffic is such a pain, the sand your on let it stink when you sink, I will be free and saving money for my needs
Florida real estate market is in deep trouble.
Bad time to invest in Florida. Closed on my house in West Palm Beach last month. Renting a luxury apartment with the proceeds, getting 7% interest. Absolutely no regrets.
Why do such problems exist only in the US? In many countries, there are no such problems, I think the problem is that all kinds of monopolies have been created around, which allow certain people to get disproportionately high profits in relation to the efforts.
Good, sell it at lower price to young people and move to cheaper stare
She needs a rich boyfriend.
When they say real estate is a good investment they don't mean Florida condos in a building. Only a fool would buy a condo in Florida. Buy single family homes or one story townhouses and you'll be safe forever. 💯💯💯🤣
Young people can't afford to maintain these structures! lol
@@francismarion6400 true, we will build more affordable condos. Machines will control whole building
Maybe people and buildings aren't meant to be situated so close to the ocean like this. Or perhaps condos are only for the rich anyway.
Thanks Ron.
When you own real estate in any form, you have to be aware that sometimes major system fail. That applies to condos as well as stand alone buildings. If you don't like it, sell out and move to to trailer in West Virginia.
This will come to pass and the government will end up stepping in. People will refuse to pay the fees and the associations will go under. Lawsuits coming.
Miamians voted for Republicans to the state senate 🤷🏽♀️
Now Republicans taking their homes & selling them pennies on the dollar to real estate firms
It’s insane
Vote their governor out because he care more about books being pull off selves instead of people who work hard for their money
Miamians voted for Republicans to the state senate 🤷🏽♀️
Now Republicans taking their homes & selling them pennies on the dollar to real estate firms
*"can't afford the old builds so that the new developers can buy up through condemnation"* with of course the danger of having abandoned properties starting to appear everywhere ruining the value of both new and old. The good news is new builds continue to be built out so there should be in the name of keeping all that is new fully occupied transfer over from old builds to new occupancy. The alternative is everyone loses 😊
Desantis.
Condo Crisis is here in Ohio as well. My mother is reporting as well she is in Colorado. It's in Canada and Hawaii my brother his starting happening 6 mths ago. I think it's going to be Nation Wide very soon. Looking forward to life Beyond Privatopia very good book reading to prepare one's self
No, in many states you’re required to keep your building maintained and keep reserves. Florida wasn’t one of them until just now.
Absolutely Nutz.
DeSantis should legalize Sarco pods.
Of course, no special session. Vote these lazy people out!
What’s the state of Florida gonna do give them free money?
@@neilkurzman4907 no of course not
@@jbar_85 then I’m not sure what a special session would’ve done. I’m not saying they are not lazy. But politicians can’t legislate every problem out of existence. The best they can do is extend the time to pay into the reserves. But that’s not gonna solve their problem. It’s just gonna spread it out.
Tent city Maralago starts now?
I'll bet a lot of those people thought they would die before they would have to pony up
We need a few years with no hurricanes.
Miamians voted for Republicans to the state senate 🤷🏽♀️
Now Republicans taking their homes & selling them pennies on the dollar to real estate firms
It’s easy lower it
But than it’s to hard to do when you got rich thief’s that get richer while the poor keep seeing these videos and nothing happens in 2 years it’ll be worst
Uh-ohhhhhhhh 😮
You voted for them. You deserve everything you get😂
Why didn’t the boards handle this 20-30 years ago?
Because the owners voted against it. The owners voted not to keep reserves. The owners voted against assessments.
That’s why Surfside collapsed
Condos are a horrible idea.
Small violin for Florida condo owners. Paradise has its price.
i can hear the jew rubbing his hands feverishly from here...
I think what you hearing is voices in your head and you should probably have it looked at
Government policy designed to transfer money from citizens to corporations.
Yes, government policy allowed the owners of condominiums to not maintain their buildings or keep reserves. And some of them chose this path if they didn’t know how it was going to end then that’s on them.
@@neilkurzman4907 they owned it. It was their right to do as they pleased. Republicans are now the party of intrusive government.
Watch out for the Gold Diggers of Miami.
Nah, just clap their cheeks and leave when she is asleep! Then go for average looking women because they most likely aren't gold diggers and probably won't cheat! Game is game
Trump 2024
😂I don't think so!😂
Nothing Gonna Change.
In Starks, Florida.
@@NomadinBrowardFlorida is sinking more into the swamp.
@@Saculv4918 Popular votes don't count 😊