FLORIDA CONDO CRISIS: An In-Depth Explanation (WHAT YOU NEED TO KNOW)

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FLORIDA CONDO CRISIS: An In-Depth Explanation. Florida’s condo market is facing its biggest shake-up in decades, and over 1.5 million Floridians are feeling the heat. Following the tragic 2021 Surfside condo collapse, new safety laws now require mandatory inspections for older buildings and stricter reserve fund requirements to cover major repairs. While these changes aim to improve safety, they’ve led to skyrocketing fees, massive special assessments, and financial strain on condo owners, especially retirees and those on fixed incomes. In this video, we break down why these laws were introduced, how they’re impacting condo owners and the real estate market, and what Governor DeSantis is proposing to ease the burden. Whether you’re a condo owner or thinking about buying in South Florida, this is your ultimate guide to navigating the condo crisis and protecting your investment.