Wednesday, October 23, 2024

Why owning (and buying) a Florida condo has “turned into a nightmare”

Some homeowners are facing bills upward of $200,000.
From The Times

October 23, 2024

Florida lawmakers are requiring condos to fund restoration projects in the wake of a tragic building collapse in 2021. But some homeowners are now facing bills upward of $200,000.

A light-blue boat drifts past a beachfront building with heavy damage on its right side.

Marco Bello/Reuters

The law could change the market — and the calculus — for those who want to live in Florida.

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