The Condo Crisis in Florida: Are They the New Timeshares?

Florida's condos are facing a growing crisis—rising costs and special assessments are turning them into financial nightmares. Like timeshares, condos now come with unexpected fees for major repairs, and some owners are walking away as bills pile up. New laws following the Surfside collapse require costly inspections, revealing serious structural issues in older buildings, with repairs often exceeding the condo's value.

Lenders are pulling back, property values are dropping, and many retirees are now stuck. Watch this video to learn more about the Florida condo crisis and how it could affect real estate nationwide.

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