General Discussion

Raftergirl

(1,861 posts)

75. My mother's building in SFLA has been extremely diligent forever about funding their reserves. But, there are buildings

Reply to BlueWaveNeverEnd (Reply #37)

Sun Apr 19, 2026, 03:33 PM

Apr 19

in other condo associations in the same community that have not.

A friend of mine’s uncle had a condo somewhere on the west coast of Florida and he got a special assessment of $400k for structural repairs. He asked her if they would buy him out, so they did (they can well afford it.)

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BlueWaveNeverEnd

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Highlight:

Florida Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws [View all] BlueWaveNeverEnd Apr 18 OP

If minimally adequate safety regulations are ruinous to a property/business situation RockRaven Apr 18 #1

I agree w/ you! SWBTATTReg Apr 18 #6

The problem is Old Crank Apr 19 #76

As it should be MichMan Apr 19 #79

I know Old Crank Apr 19 #81

This message was self-deleted by its author PeaceWave Apr 18 #2

The linked article lists fees of $3,000 a month, $2,000 a month, etc. IronLionZion Apr 18 #8

Yes it must be wrong. That is a very cheap HOA fee. Irish_Dem Apr 18 #9

You are correct. The article mentions HOA fees are going up drastically because of the need to fund structural repairs. John1956PA Apr 18 #28

Wow can you imagine taking such a big loss? Irish_Dem Apr 18 #30

I corresponded with a nice lady who bought (for a very reasonable price) a home in Palm Coast during the "trough." John1956PA Apr 18 #36

It was a big gamble though, right? Irish_Dem Apr 18 #40

That lady was a risk taker. I could tell you more about her adventures. John1956PA Apr 18 #45

If she lived in Florida I am sure she had a lot of adventures. Irish_Dem Apr 18 #51

The great recession saw a lot of that nation-wide IronLionZion Apr 18 #38

Vultures always love a nice tragedy. Irish_Dem Apr 18 #41

Squatting enid602 Apr 18 #53

It will be lovely until you get thrown out on your ass. Irish_Dem Apr 18 #56

Guthrie enid602 Apr 18 #60

Yes I see that online. Irish_Dem Apr 18 #61

HOAs are an extortion racket... GiqueCee Apr 18 #24

Right! It's much better to stuff the pockets of a landlord marybourg Apr 18 #27

Thank you! BlueWaveNeverEnd Apr 18 #33

I can only relate a coworker's experience... GiqueCee Apr 18 #42

Board members, just like congress members, stand for election marybourg Apr 18 #54

So you have no idea what you are talking about Hassin Bin Sober Apr 18 #57

You just repeated what I said. GiqueCee Apr 19 #68

Pretty much every planned development has an HOA. Old Crank Apr 19 #78

Hoa board members are NOT paid. Fees go to shared expenses like water bill and insurance premium BlueWaveNeverEnd Apr 18 #32

Not to mention pool upkeep, the building roof/sidings/painting etc EX500rider Apr 18 #46

yes. power bill for outdoor lighting, repaving of roads, an endless list BlueWaveNeverEnd Apr 18 #58

I'm in one jmowreader Apr 18 #48

Nonsense Old Crank Apr 19 #77

In little ole Montana they are as much as $300 to $600 a month and more for luxury condos. ratchiweenie Apr 19 #73

No surprise. Aristus Apr 18 #3

Central Florida was a paradise PCB66 Apr 18 #7

Anyone who has ever tubed down the Ichetucknee or bird watched at Myakka or waded the green waters of Longboat Key lostnfound Apr 18 #23

You left out "Walkin' Lawton". Lawton Chiles. Lochloosa Apr 18 #55

Thank you! You are right. Nt lostnfound Apr 18 #64

Flat. Hot. Bugs. Invasive creepy crawlies everywhere. Brimming with "Florida men" and "Florida women" paleotn Apr 18 #14

Yes, a "hellhole", please do not move here, it's terrible! EX500rider Apr 18 #47

What kind of fish are in the first picture? jmowreader Apr 18 #49

The mammalian kind not fooled Apr 18 #52

West Indian Manatee EX500rider Apr 18 #65

Sunshine? Ugh! The worst! Aristus Apr 18 #59

Sad... EX500rider Apr 18 #66

Not for me. Aristus Apr 19 #70

This is exactly what makes me nervous JBTaurus83 Apr 18 #4

The laws in Florida that allowed this are pretty unusual. In most states there are pretty strict Scrivener7 Apr 18 #39

What really gets me here is that no one is sharing any of the responsibilities for this whole mess to begin w/, SWBTATTReg Apr 18 #5

Hi-rise condos are a fundamentally flawed concept Random Boomer Apr 18 #63

Wise words on your part. I am wondering if two friends of mine, originally located here in STLMO, who had SWBTATTReg Apr 19 #72

Is the problem that they just put off or avoided repairs JI7 Apr 18 #10

Absolutely. Same thinking in 'Murica since raygun not fooled Apr 18 #50

Does this mean they can't afford to buy a second home in WNC? Hope, hope. Wonder Why Apr 18 #11

Or in SC. raccoon Apr 18 #18

You mean North Florida? No big. Wonder Why Apr 18 #20

The rush to build pfitz59 Apr 18 #12

As a third generation Floridian who moved out Hey Joe Apr 18 #13

You were lucky to have experienced it as a child. slightlv Apr 18 #16

I was a kid there in the late 50s and the 60s The Blue Flower Apr 18 #22

It's going to make for a very interesting REO/foreclosure market at some point. flvegan Apr 18 #15

Not all Fla condo's have this problem. I live in a well run association in west central Fla. When one goes up for sale mitch96 Apr 18 #17

Agreed..this situation applies to a certain type of condo in a certain area BlueWaveNeverEnd Apr 18 #37

My mother's building in SFLA has been extremely diligent forever about funding their reserves. But, there are buildings Raftergirl Apr 19 #75

400k assessment..wow! BlueWaveNeverEnd Apr 19 #85

A couple from our NY synagogue lost their 2 sons at Surfside Danmel Apr 18 #19

That is terrible Alice Kramden Apr 18 #26

How very sad.. unimagineable.. mountain grammy Apr 18 #29

Omg..how sad BlueWaveNeverEnd Apr 18 #34

It'll all be underwater soon anyways JoseBalow Apr 18 #21

Well, it was... GiqueCee Apr 18 #25

Sadly yes, probably much sooner than most think mountain grammy Apr 18 #31

Straight out of a John D. MacDonald novel. nt Susan Calvin Apr 18 #35

In the next decade the cost of living in FL is going to drive out middle class residents. flashman13 Apr 18 #43

Disney has lots of parks worldwide Amethyst Ring Apr 19 #67

The difficulty financing is nothing new madville Apr 18 #44

How The Reagan Revolution Collapsed America & the Florida Condo Norrrm Apr 18 #62

I imagine insurance is playing an outsized role as well Ruby the Liberal Apr 19 #69

This was entirely predictable after Surfside genxlib Apr 19 #71

Another problem is popsdenver Apr 19 #74

Corporate owners should NEVER be allowed buzzycrumbhunger Apr 19 #80

Haven't almost all apartment complexes been owned by corporations for many years? MichMan Apr 19 #82

It's not just condos anymore buzzycrumbhunger Apr 19 #83

Too late popsdenver Apr 19 #86

Painful but necessary regulations WarGamer Apr 19 #84

Boy, Ron De Santis is going to really like this! MrsCheaplaugh Apr 19 #87