• FiveMacs@lemmy.ca
      link
      fedilink
      English
      arrow-up
      3
      ·
      3 months ago

      It’s a condo problem, not really a Florida problem. Sure condos are inherently cheaper upfront but once they say they need more money for whatever needs done…you’re screwed.

      It can happen in any state. Condos can be a financial disaster without any real notice.

      • Treczoks@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        ·
        3 months ago

        While it is generally a condo problem, this is a very special Florida condo problem. But not the only one - The elemental insurance people are running away, and the (officially in Florida not existing) global warming will increasingly cause trouble. And of course there is the political landscape, too.

        Beaches, drinks, and sunny weather can only make up for a certain amount of the trouble that is brewing. In other words: Florida is nice for a holiday, but for heavens sake don’t move there…

  • Tar_Alcaran@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    5
    ·
    3 months ago

    I’m going to go out on a limb here and guess that Florida has basically zero requirements for condo associations to keep sufficient money on hand?