Continuation on Florida real estate crash
https://youtu.be/cXCBBBd7j-k?si=r-Ho2otaFN3KOrEj
Check out the listing shown at 1:28.
Two bedroom two bath 938 square feet on this incredible edge of land with water on both sides.
It's stunning, it's a gorgeous location, and it's exactly where you don't want to be when the storm rolls in.
And the condo association costs are quadrupling. Minimally. There's a few more months before the audits begin. And then they will find out a huge amount of soon to be failed buildings more that people didn't list in the last couple of years, which means that they will have to get it from the condo owners.
When I see it here with this type of building I think: crazy rich people problems. But then I know the costs and insurance jumps and condo fees are also affecting the people a few miles inland. Not rich, just scrabbling for a piece of paradise and they will lose it.
Check out the listing shown at 1:28.
Two bedroom two bath 938 square feet on this incredible edge of land with water on both sides.
It's stunning, it's a gorgeous location, and it's exactly where you don't want to be when the storm rolls in.
And the condo association costs are quadrupling. Minimally. There's a few more months before the audits begin. And then they will find out a huge amount of soon to be failed buildings more that people didn't list in the last couple of years, which means that they will have to get it from the condo owners.
When I see it here with this type of building I think: crazy rich people problems. But then I know the costs and insurance jumps and condo fees are also affecting the people a few miles inland. Not rich, just scrabbling for a piece of paradise and they will lose it.
