Condo owners say they are being forced out in Miami

[@rambonation363]

So even if you buy your house or condo anyone can come and force you out. Sounds like you don't really own anything even after you've purchased it. This is ridiculous and shameful as hell.

[@marktwaine9344]

that's correct....and if you don't pay property tax they take your home....so we REALLY don't own anything....

[@mr.a.]

I don’t understand. There’s no property tax on condos? I own a home in Miami. I didn’t know about this.

[@cheshirecat6518]

​@@mr.a.that's not what he's saying about taxes. He's saying you can own a home and the government can take it.

[@Jude74]

One of the big problems with owning second homes is that you don’t want to pay the same amount of maintenance that you would on your primary home. And that building had a lot of owners who use it as a vacation rental or as a second home. As a result, it had a ton of deferred maintenance. I’ll give you an example of another building with a ton of deferred maintenance, Champlain tower in Surfside. I feel bad for them because they’re obviously full-time residents. But the building is in poor condition and not safe to live it. They were giving above market value offers. So it’s really on them at this point.

[@johnnymentero6313]

@mr.a. You say you own a home in Miami. Well... according to this report = you don't. If a third party can force you out of your property, it clearly isn't "your property" to start with.

[@areareare9953]

This is why investment companies need to be kept out of housing. We own nothing, only the rich do

[@enjoyslearningandtravel7957]

So what is the alternative, that the government owns everything? Just curious

[@TUKByV1]

They rent politicians.

[@thedirtybubble9613]

They bribe the politicians in the city.

[@Chris_L034]

even if the rich dont pay their taxes, they dont own anything either.

[@donnajacksunn489]

So damn true 😢

[@donnastokes-manning6175]

THIS is why I would NEVER buy a home in a building or in a subdivision with an HOA. Property owners lose rights that way. It’s unscrupulous and shouldn’t be allowed. These people paid for their units with many believing they would never have to move again. I don’t understand how this could legally happen.

[@royaldiadem_]

You could have a regular home. Doesn’t matter… If a corporation wants the land your azz is out. Period.

[@californigirl]

Oh, don't you are safe just because you "own" a mortgaged detached property. Farmers are being forced off their generational land, people's mortgages are being bought by Chase, or Blackrock, and suddenly payments are skyrocketing and people forclosed on, Amish farmers are being raided and shut down, or - consider Láhainá...

[@SK-lt1so]

@@royaldiadem_ How?

[@laurenurban3942]

This has everything to do with hiring a decent attorney and understanding your property deed/purchase agreement. There must have been something in the sales agreement that explained the buyer and seller’s rights. Sounds like an imminent domain situation with the corporation acting like the government through a prior agreement. I would have taken a fair market offer and called it a day.

[@laurenurban3942]

This has everything to do with hiring a decent attorney and fully understanding every detail of the purchase agreement/property deed. This seems like an eminent domain case with the corporation acting as the government. They had to have known about this at the time of the purchase. I would have taken a fair market offer and moved to a better state to start over. Florida sucks! Especially south Florida……it’s nothing more than an overpriced swamp.

[@dylanmoris6211]

People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.

[@LionTowercoporation]

buy now, home prices will not go lower. If rates drop, you can refinance

[@KelvinWallace]

To be on the safer side and not second guess your market decisions, I’d suggest you reach out to a proper investment adviser for guidance, they’re better equipped at understanding market patterns/movements and adjusting portfolio to match up with these market trends.

[@williamsbrown4026]

@@KelvinWallace you seem to have the Market figured out. Who is the advisor you could recommend and trust

[@KelvinWallace]

I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary " Colleen Janie Towe " actively restructuring my portfolio for the past 5 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.

[@williamsbrown4026]

@@KelvinWallace Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@EuroS50]

As a native Floridian, developers and investors and absolutely destroying this state. I've never seen anything like the last 3 years here in my lifetime.

[@nenaj1]

Gentrifiers

[@vetgirl71]

Thanks to Desantis or “De Satan”! He is destroying the state of Florida! Pulling it down to the gutter & bringing predators rich investors and developers to Florida! I bet some of these people who got kicked out voted for that vile vicious mongrel! 🙄

[@moremiaj4786]

Florida developers and investors are messing up the whole of America and causing several states in dominoes form, to enact rent controls and other policies. It appears Florida is like hell and all its demons are flying out.

[@PatricioGarcia1973]

@@maidenthe80slathey never go broke, they get subsidies from the government or tax abatement for 20 years, or other deals like that.

[@clementine4133]

The country, they are destroying the country. It is pai ful to see. Between those fires burning nature and homes, lands being sold after (!!!), condos being forced taken, family homes being bought by corporations while families try to make it... what is the future?

[@pepethepatriot7524]

My parents have been saying Condos are a scam for the past 40 years. They weren't saying that for no reason.

[@MAfanwoods37]

Its a wonderful middle class option. Its worked nicely for many. I never had issues. Its a necessity for elders

[@leezap]

Do you propose putting single family homes at that location? How many homes can you build?

[@mikefigures5075]

Your parents are the most intelligent people I’ve ever heard about in my entire life.

[@LynnEdwards-sl7jd]

And yet they produced you? Dysgenic breeding.

[@frankgiuliano380]

scam? what an un-educated thing to say... HOA stands for "Home owners Association" the owners control the HOA. Every condo and Coop and new home development has a HOA. so your parents will have to rent or own in an old pre- 1975 development, no matter what state you live in. How have folks become so un-educated on a simple HOA... most of this is media driven, like this story, they never tell you WHY the buildings are in decay... it's because owners veto all HOA month fee increases to make repairs.

[@michaelrains2268]

$400,000 thousand for units worth over one million! WOW ! Robbery!

[@gpk1982]

It’s insulting and disgusting. I hope they won their lawsuit and get every bit of the financial compensation they deserve.

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@mntrader2]

Well. 1 million is a bit if a stretch.

[@4evahodlingdoge226]

The other owners took the money so clearly the units aren't worth over a million.

[@michaelvargas2005]

No apartment has sold for even half million in that building. Let alone 1 million 😂😂😂

[@watchdealer11]

NEVER, EVER, EVER buy a home in an HOA, condo, or anything where you don't own the land outright. Make sure you can easily afford to pay the property tax, even if you lose your job!

[@Ramnik72]

State owns the land, u never own the land

[@CC12398]

Good advice, I don't think some of these long-term we're really aware of that back in the day. Hopefully they will give them triple or quadruple the amount

[@WilliamsPinch]

Agreed. But clearly these people made these “purchases” decades ago. And I imagine the laws have evolved right under their noses.

[@watchdealer11]

@@WilliamsPinch true

[@JDCUSA]

Eminent domain. The government can force you off of “your” land also.

[@CoffeeBreakHQ]

This should be a warning for all future condo owners.

[@letsgobrandon987]

Not really. It’s rare for this to happen and most people are smart enough to take the above market offers. These holdouts are foolish and got poor legal advise if they thought they could fight it. I’m a FL condo owner myself and if I got above market offers for my place I’d take the money and run, especially in this inflated market.

[@nyc1655]

Indeed

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@letsgobrandon987]

@@WELVAS. Thankfully. Otherwise we’d be over regulated like California and New York. There is a reason the Florida real estate market is still booming compared to most other places and it isn’t because we are run by a bunch of liberal idiots.

[@ammitthedevourerofsouls]

A warning to everyone in this earth school experiment. Babylon has fallen.

[@UpUpDnDnLtRtLtRtBAStart]

$400k is absolutely disrespectful.

[@rsgabrys----]

--------------------------- agreed.....what is there to do..... hire atty. ....? fight large realestate corporation .....good luck w/that .....not just Miami ....r_e brokers (banks) invade large cities throughout entire country.... under buyout siege.....thanks4sharing

[@Steve56179]

for waterfront condos in Miami, absolutely

[@sting114]

It’s worth at least 1.5 million $

[@martincarr4204]

@@sting114 after they construct a new building that will be the asking price.....for a unit.....

[@letsgobrandon987]

Yeah but they willfully rejected above market offers to vacate. They had poor legal advice if they though they could stay after the 80% voted to take their offers. Now they are crying to the media. Sorry but as a FL condo owner myself who knows what I got into….I have little pity.

[@MilesBellas]

This is why regulations need to exist to protect people's lives.

[@joeyork9891]

Trumpies love deregulation Until it happens to them 😂

[@pierceferriter4664]

Need more laws to protect stupid people…that’ll do it.

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@TheJanet4321]

Yes, regulations protect citizens, that's why businesses don't like them.

[@pierceferriter4664]

@@TheJanet4321 Citizens own the business’s that provide jobs to other citizens.

[@Riggsnic_co]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[@martingiavarini]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@bob.weaver72]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@TheJackCain-84]

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?

[@bob.weaver72]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@TheJackCain-84]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@ThroughTheHaze]

This is disgusting. I feel so bad for these people.

[@BARONsProductions]

Problem is they offered them 400k$ whilst it's valued at 1.2mil$ 4x more

[@reellove6710]

We did this in our Miami condominium. Here is what is not in the video: 80% of the unit owners in the Association voted to terminate the declaration of condominium and accept an offer from a developer to redevelop the property. WHY? Because in Florida ALL condominiums MUST complete a 40 year (now 30 year) recertification of structural integrity and every 10 years thereafter. That recertification requires that the building comply with all building codes. In our case, that was going to cost $5M ($100,000 per unit) considering the cost to replace an old roof, out of date elevators, windows, refurbishing the pool and much more (another $2M +/-). In short, the Unit Owners for YEARS refused to pay to maintain the building resulting in millions of dollars in deferred maintenance. On top of the 40 Year Recertification requirements, as of December 31 ALL FL condominium reserves must be fully funded. Many condos are not fully funded and must specially assess to fund reserves. Then here is the new reality of the cost of insurance. In our building insurance went up from $130,000 in 2020 to $750,000 for 2024. Condo fees commencing May 1, 2023 were just shy of $3000 per month. So most of the unit owners said enough is enough. That is what happened here. There were hold outs who did not want to sell. Sorry, but if you live in a condo it is majority rule. Living in Florida is not cheap. Florida's legislature has done an extremely poor job of dealing with the insurance crisis, the Champlain Towers disaster, and skyrocketing taxes.

[@AFAskygoddess]

Thank you for your detailed explanation.

[@Jillousa]

Thanks for providing more context

[@bamelive]

When these recertification requirements were imposed?

[@jrod238]

always two sides isn't there. thank you

[@Kenneth_R]

The news story did not explain anything. Totally useless. Thanks @reellove6710 for explaining the truth.

[@jacquelinegarvin4520]

This is why I never understood how a person could buy an apartment inside of a building that they don't own.

[@gladitsnotme]

You never understood how a person could want to live in a city? You think cities like Miami are full of sprawling mansions for everyone to buy??? 🤡

[@phatplates]

​@@gladitsnotmeIt looks like the original poster wrote "This is why I never understood how a person could buy an apartment inside of a building that they don't own." You must be dyslexic.

[@gordonmccracken1209]

There isn't enough land to build enough houses in the same area.

[@Commonsenseisnotcommon8]

When you’re a condo, owner, you own a percentage of all common property. The building, the landscaping, the pool, blah, blah blah. I think those police were in the wrong honestly, because those owners do on that property. Not just, the investment firm, Something doesn’t make sense.

[@genxx2724]

@@Commonsenseisnotcommon8 They have the right to use the walkways, and the right to invite guests, including media. The police were wrong.

[@dbsql6238]

I looked deeper into this story. The reason for the owners to be forced out is that it is basically cheaper to destroy the building and rebuild a new building than to force residents to pay for all the construction that will take 5 years or more to complete. Once the building is up-to-code, the maintenance will be more reasonable but the condo purchase price will be 10x the price of the old building. I speculate that in another 50 years, rinse and repeat.

[@alainportant6412]

Such a jewy thing to do

[@chicagonorthcoast]

I don't think any building in coastal Florida is going to last another 20 years, never mind 50.

[@Tugela60]

​@@alainportant6412That is how every business is run. The majority vote carries the day once it gets over a set threshold.

[@AngstG]

This is why iy is wise to NOT purchase a property that involve excessive community obligations.. Keep it simple, FEE SIMPLE..

[@dbsql6238]

@@chicagonorthcoast It will start the increase in maintenance at 20 years and try to keep the building functional until around 50 years. Maintenance can keep the thing functional but at some point it makes sense to destroy the build and rebuild. It wouldn't be a smart investment to live on the beach unless it was a grass hut.

[@jeng1395]

This is frightening. How can they own condos but be forced out? This is unreal.

[@Passionatelyfruits]

The residents own the condo, but not the building.....Their home is on someone else's property....🙄

[@jsch9173]

You don’t know that. Usually condos own the land under the building. In this case, a developer bought out most of the other owners and dissolved the condo association.

[@tempgirl00711]

the first I'm hearing Abt this one. It's like a big brother to HOA, the HOA can take ur condo if u don't pay their fees. They can do a quick foreclose n sell it for the amount of ur late fees. Sounds like a builder can buy bldg, dismantle HOA and kick u out even without selling ur actual unit? Is that correct? They offered, people refused, now just get out with nothing? WOW they're more brutal than their lil bro the HOA

[@Cyber_Freedom]

Don't forget to thank desantis. The man has been so good for florida. 🤑

[@drewgootz1713]

its not... these people were going to be well compensated and can negotiate... win win for everyone including us with more supply in the city... these people probably had a mental illness

[@darkalligator]

They can legally steal from people? Wow

[@_LM_]

It's Florida, where cheating is standard business practice.

[@ruffian-wl1nd]

This is America the capitalist capital of the world.

[@the.purplepeoplesowl]

It's Florida... What do you expect.

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@ac61900]

We need to vote for people who are willing to put a stop to rich people and corporations just running over everyone

[@geneziogenezio3299]

Unbelievable...Owners being forced to leave their own homes, it doesn't make sense but, the developer wants the property to turn down and make a new more expensive building that is it. The developer bought 80% + units from the others owners now the few owners will have to leave. Sad.

[@philobetto5106]

If they didn't leave, they would've been Maui-ed 🌲🔥🌳🔥🌴🔥🌲🔥🌳🔥🌴🌲🔥🌳🔥🌴🔥

[@Maggie-g1v]

Really do you think these Greedy Evil Traitors care about any of you, NOPE…. PROFITS OVER PEOPLE, PERIOD!!! Keep Voting in Democrats, geezzzz

[@sonwil4487]

So the 80 percent of lovely neighbors are the ones responsible for this. So I don't see the developers at fault. The 80% percent majority should have not sold.

[@BebeHearsAll-cy8xn]

​@@sonwil4487hope that eases your conscience. 😢

[@dannyhayes664]

Housing for illegals !!

[@animateddepression]

Meanwhile, in the condo where I own a unit, a group of us are hoping to find a developer because we bought in an older building and know it’s only a matter of time before a massive special assessment that will destroy the value of our units. Be careful where you buy!

[@paulcrescenti5581]

How cool for developers in Florida! Just take over a whole premium beachfront location and give original owners pennies on the dollar for their units. Resell the new units at top dollar. How wonderful for the billionaires that are doing business by destroying people’s life savings and filling their pockets with sales of other people’s real estate that they swindled from them.

[@leelaural]

believe it or not, many people buy a home/condo to live their whole lives in....by forcing them out they are forcing people out of their history, traditions, dreams....

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@stephb3321]

@@maidenthe80slaagree. It’s happening in WA State where I live. Chinese and Russian investors are swooping up prime real estate, something our realtor told me (who has been in the business over 40 years). We sold my mom’s outdated 1970’s house (only 1,500 sq feet) in 2021 for $760K. A Russian developer (who lied to us about who he was) flipped it and sold it for $1.7M. It was ridiculous.

[@benholderby7300]

​@@WELVAS.True. Of course liberal regulation burns acres and kills 100s of people to take over real estate.

[@JaredMerlin]

Exactly!

[@patsyshafchuk5368]

I feel so sorry for those residents. Especially the woman who just wanted to live out her final years in the home she established decades ago.

[@tinawindham6958]

I’d love to know what she paid way back then! And what they are getting …400,000? Lollollollol..that was funny! They are reaping those condo owners!

[@leezap]

Then buy a single family home. Once they get 80% of the owners to sell, the developers own it.

[@NicEeEe843]

The building was really old and dangerous, the vast majority of owners themselves opted to sell. They are all being paid from the sale of the land, they’re gonna make money from that. Sorry it’s an old moldy dangerous building, most of the tenants didn’t want to pay a crazy price to fix the building so the majority of them instead opted to sell. Those 3 tenants who wanted to stay in a dilapidated building could pay to get it fixed but without 80% of the other tenants wanting to pay they probably can’t afford how crazy it’ll cost to fix so most opted to sell. It’s really not that crazy an idea.

[@OlgaSmirnova1]

@@NicEeEe843they are not tenants

[@martincarr4204]

@@tinawindham6958 I remember, in 1992 , 3 bedrooms and 2 baths homes were going for 40 to 50 grand brand new with no HOA, they were like about 1200 to 1500 square feet in Miramar Florida, my sister had brought one.... Florida was cheap and the wages were super low.......... A two bedroom , two bath condos were about 8,000 more or less depending on the location.....Florida was the location retirees flocked, for the lost cost of living and weather....The TV show Miami Vice in the mid 1980s was the catalyst for Florida...... young people wanted to make the move.... Now, Florida is practically unaffordable, thank god I chose Texas...... even though cost living has risen, it is a better value here.. I am from NYC......

[@ocphur3681]

If they havent sold their units how are they unlawful inhabitants?

[@marktwaine9344]

because the company bought the building, NEVER buy a condo....you NEVER really own it....

[@LP-rp2yn]

You own the space inside the condo so you own pure air they own the walls

[@michaelvargas2005]

​@@marktwaine9344thank you

[@philipparana9225]

They would have to buy all the units. The developer owns all the other units. That's how it goes in the condo market.

[@KawakebAstra]

racketeering .. result of industry bribing aka lobbying

[@Stephen_A.]

The building is probably in danger of collapsing. Get out while you can.

[@reynoldrosa]

How is it possible for these developers to literally steal people’s property from them. If they’re going to take possession of the property, then they need to fairly compensate the owners by paying full-market value. Otherwise, they’re stealing the equity the owners have built up on their property. This should be illegal. The law needs to be changed.

[@marktwaine9344]

but it hasn't yet, the the developers know it...

[@gpk1982]

I’m dumbfounded as well. I hope these people win their lawsuit and get the full value of their stolen property along with compensation for pain and suffering.

[@mydongpandong9644]

If the HOA board decided to sell and majority of homeowners agree, pack your stuff and leave.

[@reynoldrosa]

@@mydongpandong9644 That’s precisely why I would never buy a condo or buy property anywhere that has a homeowners association. When you look at this situation, you have to ask who really owns the property. These people are thieves, plain and simple.

[@fremontpathfinder8463]

Welcome to the USA.

[@bellebonjour]

Not everything in life is about the money. It's easy to judge people who rejected the offers, but these are people's lives that you are messing with...their memories, their homes...

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@fanatiquemusique]

I lived an apt since childhood and was forced to leave several years ago. The entire experience was jarring and I didn't even own my apt. I cant imagine what it must feel like for these people.

[@bellebonjour]

@@fanatiquemusique I’m so sorry that you had to experience that.

[@BigLeagueChew11]

Money comes first in capitalism.

[@jacquelinefraga9937]

Thank you.

[@thomasstecyk792]

It just goes to show that even if you pay for your condominium, you really do not own anything. Buy low sell high, bending Condo owners over their desk on the way out.

[@boknow5506]

Moving on up to the deluxe apartment we're the beans don't burn on the grill took a lots of trying to get up that hill ha ha they renting and making money and condo you never really own it and hundreds of unit

[@gobbletegook]

@repentandbelieveinJesusChrist4 Behold, Satan demanded to have you, that he might sift you like wheat

[@Big-Government-Is-The-Problem]

its always been that way and anyone who ever thought they fully owned a condo that their offspring could live in 10 generations from now is an idiot. that only works if you own the entirety of the land and the building, or ofc in an average example the farmland and the home. even then, the feds/state truly own it and can come in on a whim and steal it, but land ownership is the best option we have if we want the freedom to live peacefully without being bothered.

[@albeit1]

Collectively owning something carries certain risks. An individual owner can’t block what everyone else wants to do. An arrangement that requires unanimous consent to do anything is an arrangement that either never does anything or where a minority can demand a high price for acquiescing.

[@marieaug9322]

In this country, the land doesn't belong to you. Only the building. Its probably why somehow they can punk it out of you... say what you want in the US about Haiti, but we buy the land, not the building only.

[@lostintheelf]

that

[@soILLitsADVISED]

If you can force condo owners out of their homes, then these ppl were just paying rent all along…which is the problem to begin with. How can anyone lawfully undo a mortgage they didn’t sign into?

[@dparks3784]

Exactly, it was very expensive rent all along.

[@susansmith323]

So sad😢

[@OMGWTFLOLSMH]

What are you talking about? Not a word was mentioned about mortgages. The one woman has been there for decades, she's likely mortgage free. This has to do with being forcefully removed from a home that you have title to, regardless of it having a mortgage.

[@soILLitsADVISED]

@@OMGWTFLOLSMH you have a title/deed for property you have/had a mortgage on. Or am I wrong?

[@OceanfrontWaves]

@@soILLitsADVISED- Not everyone has to have a mortgage. That has nothing to do with it. There are specific underwriting guidelines and requirements when it comes to condos, especially in in Florida. It’s been that way for over 20 years.

[@rms1034]

so let me get this straight, the developer bought the building and bought out over 80% of the units, meaning they paid each condo owner (idk, a million dollars?) per unit. those owners 'took the deal' and decided to leave of their own free will. but these 6 are the hold outs who had no wish to sell, and are thus being muscled out, via shut down of building services such as water and power, etc etc, I am sure they might tow their cars away etc... and now since those people decided not to sell and leave of their own free will, they are stuck with a far lower pay out, and will lose their unit anyway?

[@goconnor5460]

Yes, it's fricking awful!!

[@goconnor5460]

Someone above said they wanted it to tear down and build new. What developers are these that have this kind of money to buy them out and rebuild? I just watched a video on Jackson Hole WY and how the rich moved there during covid and now property and other costs are so high that ppl who lived there previously can't afford it and some live in cars. If you are single and make 60k year, you will live in your car! This is horrible. There's a real takeover of beautiful places by the rich right now. Maui is another recent example.

[@TheVuduYuDu]

Basically. Sickening.

[@anthonyvoss9150]

America the greatest country on earth huh?....😳

[@MrJoker-]

It may be a blessing in disguise, after what happened at other condos in past.

[@lutzfilor8253]

There is no justice in America. Yes they can do everything.

[@mrxman581]

It's Florida, not America. It's a Florida specific law that allows them to do that.

[@edilee5909]

If you got enough money, you can but anything here. Even other people's freedom

[@yrite]

Maybe a hurricanes coming and they'd lose the place anyway

[@VideoArchiveGuy]

@@mrxman581 It's not Florida-specific at all, several states have the same law for condominiums, including states like Arizona, Illinois and Pennsylvania.

[@mrxman581]

@@VideoArchiveGuy That's true. My point is that it's not a federal law that exists in all states. So the version in Florida is specific to that state. That law is badly written because it favors development companies over individual owners. The threshold is too low. It should be that 100% of condo owners need to agree to sell, not just 80%.

[@freyastar4399]

When I was younger I wanted a condo.. as an adult, I know it is a foolish move.. you pay as much as you do for a house with a yard and actual privacy. There are neighbors right there, on your sides, above and below you. You share walls.. that is literally an apartment.. you just paid a bunch of money for an apartment. No. Just buy a house ppl.. I mean, now isn’t a good time. But when the time comes but a house. Stop giving money to these ppl who can care less about you.

[@marinachristian3068]

You are only buying air space.

[@happyfunjenn]

If its the law that's not protecting they need to vote for better law makers. This is totally unjust.

[@mekajones7273]

Vote? You all still think y’all vote really matter 🤔

[@TheVuduYuDu]

Welcome to Florida.

[@TUKByV1]

Changing laws won't matter much, because the concept of condos is just a really bad one. Living in a condo is just asking out loud to get abused and robbed. Ask me how I know.

[@boknow5506]

​@@TUKByV1lots of them don't stay there so they own a few and rent them out and that's the problem bc they use it as income and while capitalism is not always good and condo can raise the fees anytime

[@TUKByV1]

@@boknow5506 I have a condo. I am also certified for board membership.

[@jimsouff3695]

That's why right now people should stop buying in these apartments

[@xelasomar4614]

When you live in a city and want to continue living in it, there is not much choice.

[@Luisjusthere]

@freegracejake42since we’re talking about south Florida specifically, you’re either buying or renting. Renting you’re paying almost double monthly than owning (condo) and owning you run the risk of stuff like this happening. Aside from that I don’t really see the other options

[@gladitsnotme]

​@freegracejake42So you want everyone who lives in a town home or HOA single family home community to stop living there? Where will 120 million people go?

[@Polemic-2525]

@@xelasomar4614 Not disagreeing with you, but explain that.

[@xelasomar4614]

@@Polemic-2525 I live in NYC there aren't any private homes other than brownstones and most are multi family, just about everything else are buildings, so you either rent an Apartment or if you want to own property you buy a condo. If you want to buy a single home you have to go to the outer parts of the boroughs or suburbs and deal with long commutes.

[@efrain908]

What a disgusting company and horrible laws to allow this to happen to the people that own these homes.

[@danr9584]

This wasn’t legal. The developer amended the HOA bylaws to lower the approval from 100% down to an 80% vote to dissolve HOA. This will be struck down in court, but they just plan on paying the fines and legal fees as the cost of business.

[@lovealwayswins6784]

@@danr9584 It’s legal. Unethical maybe, but not illegal. If he has an 80% stake in the HOA he can most definitely do that. They should be glad they even got 400k. The new developer didn’t have to pay them anything and could’ve made them go after the previous owner of the property in court which could take months. But I’m sure the 400Kx2was agreed to before the new developer signed the contract to purchase.

[@sunlite9759]

I'm sure the US Government has it's foot in the door.

[@danr9584]

@@lovealwayswins6784 It's not legal. This HOA's bylaws Specifically stated that they needed a 100% vote to dissolve the HOA from its inception, which most of these news stories aren't mentioning. Legally, they would have needed a 100% vote to change that, they will end up losing in court, and just pay the damages as part of the cost of doing business.

[@stevebell4906]

Just keep on voting Republican....

[@davidhunternyc1]

How is this legal? They are owners of their apartments! This is disgusting. I don't care what the law says. Laws were written by the rich to serve the rich, not rightful homeowners.

[@Hiddeny.2044]

Florida…. They don’t care about you

[@hadley407]

Sounds like some bullshit law that as long as 80% agreed to sell then the whole building could be sold. Doesn’t sound right to me.

[@disguiseddv8ant486]

They're owners of their inside units but not owners of the building infrastructure itself.

[@noellebazzi5618]

They own the air inside the apt 😂😂😂

[@davidhunternyc1]

@@noellebazzi5618 If the building used a HEPA filter, they payed a monthly subscription fee for that too.

[@kingX777]

That’s sickening honestly. You buy a condo, plan to retire, and these SOBs just rip it right from under your feet.

[@ricksmith4736]

Florida has become a sheet hole..... Would like to move but there really is no where to go anymore

[@getlost3346]

They signed the contract and sold their condo and were paid. There was no manipulation. What about the majority of the other owners who equally signed and were paid.

[@NoSpinster0909]

@@getlost3346did they have a choice

[@Derek_The_Magnificent_Bastard]

THere's plenty of places to go IF you got the dough, @@ricksmith4736

[@neverhungryagain2187]

@@getlost3346💯

[@kaoskidsareourstrength9485]

This is why I've always said a condo is nothing more than an overpriced apartment. If you can be forced out of a unit you "owned" after a building is sold, you never owned it. You just got comfortable enough to believe you did.

[@mestizosmulatos9624]

The American Dream

[@vashtikelly6837]

THANKS FOR TELLING ME CUZ I WANT TO BUY A CONDO IN CHI BUT NOPE!!!!

[@wanaraz]

@@vashtikelly6837 Moving there would put your life in danger.

[@vashtikelly6837]

@@wanaraz OH MY GOD..

[@mrxman581]

This a Florida specific law that allows you to dissolve a HOA if 80% of the unit owners agree. Every owner does own their own unit and a share of the common areas. The building wasn't sold per se. What happened is that 80% of the unit owners voted to dissolve the HOA and accept the offer the investment company agreed to pay each unit owner. That means the 20% who didn't agree are out of luck because they lost the vote to reject the offer so they need to abide by what the majority of unit owners decided. So it was unit owner against unit owner that ultimately decided the fate of the HOA for this complex. The majority of unit owners decided to sell the building .

[@MikeBDaniels-bv8io]

Situation reminds me of what my father often mentioned to me: “Never own part of a building.” Good advice!

[@Naturalintelligence30]

UNREGULATED CAPITALISM AND CORPORATE GREED IS A PROBLEM. 😮

[@rrickarr]

And the GOP is all about DEregulation!!!!

[@charlenef.9055]

Heartbreaking 😢😢 that persons able to purchase properties in condos are left homeless and or near destitute unable to find replacement housing. This IS horrible and should not be an American business standard 😒

[@bhing1483]

​@repentandbelieveinJesusChrist4🙄

[@hottestartists101]

They not homeless they gets $400k to sell it ..

[@shari9721]

@@hottestartists101 They were worth about 3x that amount

[@charlenef.9055]

@@hottestartists101 the sum offered doesn't allow for comparable housing replacement and they MAY very well become homeless. It's a big cheat to have bought into having a place to call home and a developer (much like eminent domain) comes to kick you to the curb ! That's the metaphoric comparison I meant hello if they are cut a check of course they are NOT homeless but there's a great imbalance going on.

[@dannyhayes664]

Housing for illegals !!

[@jimsouff3695]

That's the american greed

[@faraon2012]

Uncle Sam owner your land and property😢 Wake up idiots😮

[@Lion20834]

How do you know that the owner is American. You must be an American hater. M.f.!😡

[@thedirtybubble9613]

Sorry. I don't think any other state in the US of A has it as bad as Florida.

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@VideoArchiveGuy]

The building was built in 1964 and had a lot of deferred maintenance that was coming due.

[@blue_moon6490]

You don’t see the developers offering a new condo though, do you?

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@VideoArchiveGuy]

Why would they? They are following the condo by-laws. The same happens in other states, including those run by Democrats forever like Illinois.

[@bmichael8187]

I'm a real estate agent and former Vice President of an HOA. Owning a condo is not like owning a house. In a condo, you only own the space between the walls and a fraction of the grounds (if any). In this case, it sound like the vast majority of owners and the HOA decided to sell because of the expenses for deferred maintenance. I would have been happy to sell and leave because who wants to live in an old crumbling high rise. We already saw what happened in Surfside where the building collapsed. They might be holding out for more money too. But who knows?

[@thebadgerette69]

Ok so these people bought their condos, it was sold to a developer and the developer wants to buy out these current owners. Developer is going to do a make over and then sell them for one million or more. And these owners are essentially screwed. Nice.....what a 💩show!

[@geneziogenezio3299]

That Is It!!!

[@Lion20834]

Of course that He is gonna rehab the building to make the big bucks of his life. F that! Ha.

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@VideoArchiveGuy]

The building was built in 1964 and likely needs at least $600K in deferred maintenance to meet new standards established after the Surfside collapse.

[@dustywilson5461]

Those residents BOUGHT those units. That is THEIRS. Taking it from them is THEFT.

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@michaelvargas2005]

No. They bought a share on the property subject to homeowners association disolution and it's corresponding legal consequences.

[@1MrAngel1]

It's only theft if you rob Target of toothpaste or Walmart of a frozen pizza

[@tempgirl00711]

the first I'm hearing Abt this one. It's like a big brother to HOA, the HOA can take ur condo if u don't pay their fees. They can do a quick foreclose n sell it for the amount of ur late fees. Sounds like a builder can buy bldg, dismantle HOA and kick u out even without selling ur actual unit? Is that correct? They offered, people refused, now just get out with nothing? WOW they're more brutal than their lil bro the HOA

[@CratePlatforms]

Yeah, well expect that to change soon. A large percentage of people live in Condominiums and will not stand for this. I hope the investors lose everything @@michaelvargas2005

[@cezarsantana]

I had only 4 days (and I was working 3 of them) to vacate the building where I've lived for over 25 years in North Bay Village. The excuse was that, all of a sudden, it was structurally unsafe. That, after we signed a contract with developers more than a year ago - which they totally ignored honoring. Also, that happened after we spent over 250K redoing the roof, which meant a lot of cash out of our pockets since it is a small building. Now we're still paying mortgage, maintenance fees, attorneys, and a rental somewhere else where we can live...each story has its variables but they all come down to the same lack of decency, justice, and regulations. Oh, and the affected properties are all waterfront, for some reason...unacceptable and surreal, imho

[@nesq4104]

They want all waterfront and want to blame salt water. It's a big joke. Never seen a collapsed condo that's beachfront ever from salt water

[@meisterlymanu5214]

what do they want the building for? To hold for the super rich? To sell to even wealthier developers? I dont get it.

[@nesq4104]

@meisterlymanu5214 yes. The wealthier foreigners

[@onetiftif8626]

@nesq4104, great point. I know a person that recently purchased in Florida. They were interested in Miami, but was outbid several times by outside interests with cash offers.

[@nesq4104]

@@onetiftif8626 miami is a hotspot for foreign money laundering with real estate

[@lucid484]

How can someone force you out of something you own?

[@AngstG]

easy - the fine print of the purchase agreement would indicate that you really don't own the thing outright. Awful tricks indeed, so these things always need full disclosure up front in BOLD print...

[@glenw-xm5zf]

@@AngstG That means it's leasehold property. Not Strata title. DON'T BUY!! Devolopers are the most ruthless and greedy business people on the planet

[@spazzman90]

Easy. The place was a maintenance disaster waiting to happen. The smart owners (80% of them!) saw the writing on the wall. The choice was to take a fair offer and get out or be assessed probably 100-200k in a maintainence fee. Do nothing was no longer an option here.

[@MuzicTunes-lk6np]

It's sad because if you're forced out & still have mortgage payments on your unit, you're paying on something you have no right to call as your own. It's not uncommon.😢

[@lucid484]

@@MuzicTunes-lk6np​​⁠You wouldn’t have a mortgage in that situation. If you’re forced out the ownership takes over all debt related to it and you become absolved of that. They just aren’t going to take your property and expect you to keep paying a mortgage.

[@prestonismyrealtor]

How can someone get kicked out of a condo they own? That’s insane

[@yucol5661]

Lots of money of the owner vs little money of you

[@xevious2501]

GREED, IF YOU TRULY OWNED THE UNIT THEN YOUR PAYING THE BANK, NOT SOME REALESTATE FIRM OR SUB OWNER. EITHER WAY YOU OBVIOUSLY DONT OWN IF SOMEONE HAS CLAIM OVER THE BUILDING. DISPITE THE FORMALITIES, YOUR JUST A UNIT RENTER.

[@Bachconcertos]

Same way Biden let's millions of illegals into the country and pays millions for their housing food medical transportation and cell phones. The destruction of America on purpose and on schedule.

[@leezap]

I think once they get 80% of the owners to sell, it's a losing battle to stay. The developers owned it.

[@jaydrains2247]

Over priced public housing with a beach view

[@Jude74]

I know someone who’s local. They said that building is another Surfside waiting to happen. The six individuals could not afford just like the other people in the building to pay for the massive amount of maintenance that was needed so they had to sell it to a developer. While, I feel for these people they need to pick up the stuff and get out.

[@OceanfrontWaves]

This is the the most accurate statement here. Unfortunately the many owners opted to keep maintenance fees low throughout the years and didn’t properly fund and perform the necessary maintenance and reserves throughout the years. Now due to the enacted laws as a result of Surfside, they can no longer look the other way or choose to defer necessary maintenance.

[@VideoArchiveGuy]

@@OceanfrontWaves Yes, built in 1964. Even before the Surfside collapse, units in that building were rather inexpensive. If you look at past sales from 2019/2020, a one bedroom was selling for an average of $270K, a two bedroom for $350K and a three bedroom for $435K.

[@josedavila5695]

those were the average prices for ** all condos** in the area prior to the 2020 boom @@VideoArchiveGuy

[@DeJaVu337]

@@OceanfrontWaves LOGIC and Common Sense, ain't COMMON. This Under maintained 60 year old structure needed to be rebuilt from the ground level. For 450k u can find an inter-coastal view within walking distance to the beach still in Hollywood, FL.

[@sallymoore6920]

Exactly why I left Florida…too many loophole laws that benefit the rich with expensive attorneys on speed dial. I have never regretted leaving.

[@BarrierIsland]

This is a nightmare but there are millions of condominiums in Florida that are solvent. Ask for full disclosure before offering a purchase...

[@richardwilliams5842]

Shouldn't the attorney general be looking into this?? SMH

[@saga4646]

People wonder why homelessness in this country is getting worse. If you are elderly and live off of your social security you can't afford to go anywhere same for those who bought these units years ago at a decent price. The greed in this country is despicable and it will ruin our society.

[@valentinalicheli1928]

It already RUINED everything.

[@barbie6695]

I thought they said they were offered $400k? That’s better than nothing. Almost 1 half a million.

[@shadow92992]

They own the bloody units. I feel really bad for these owners as they are pushed out of homes they have lived in for years. The developer is lying through his teeth by saying he offered the owners fair market value. Find me an ocean view condominium in downtown Miami for $400,000. It would be one thing if they were renting but they aren't.

[@lysmykyta1199]

Yep, from our feudal owners!

[@mareerogers1114]

The Gullah in the Carolinas have owned their land and their homes and family cemeteries for 8 and 9 generations and because whites want this prime real estate for vacation homes and golf courses,the Gullah have to claim 'heirs' rights to save their land. Can't feel sorry for the Condo owners.They bought a unit. They don't anything like the Gullah. Chickens have come home to roost.

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@4evahodlingdoge226]

Why would 80% of the owners sell for $400k if it wasn't fair value? More than likely the building is old and needing of a lot of repairs and don't rent for much.

[@genxx2724]

@@4evahodlingdoge226 Did it say they sold for $400K? I’m sure the place is old and outdated, possibly even unsafe like the place that collapsed due to the sea air damaging the concrete and rebar of the parking garage.

[@SkepticCat-pz1zz]

Why are corporations granted more rights and constitutional exceptions than individuals?............politicians and lawyers !

[@marinachristian3068]

Money, honey.

[@oldcat87]

Never buy a condo

[@dianarockwell6256]

I never understood the whole concept of the condo. Where you buy a part of a unit and you’re responsible for maintaining it but you still pay fees to cover the entire building, maintenance and upkeep, but when someone new buys it, they can throw you out? How does this make any sense and why would anyone want to buy into it?

[@williamhaynes7089]

80% of the other owners voted to sell... Obviosly theese last owners were outvoted and per the contract now have to move

[@VideoArchiveGuy]

@@williamhaynes7089 It was actually 95%.

[@williamhaynes7089]

@VideoArchiveGuy - which says the building was most likely needing more repiars than the unit owners were not willing to do and took buyout instead,

[@VideoArchiveGuy]

@@williamhaynes7089 Indeed, not surprising for a building built in 1964.

[@SeattlePioneer]

Yep ----that's the problem. Don't buy one unless you do.

[@damnjustassignmeone]

In what sense do you own your unit if you can be forced out like this?

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@tempgirl00711]

the first I'm hearing Abt this one. It's like a big brother to HOA, the HOA can take ur condo if u don't pay their fees. They can do a quick foreclose n sell it for the amount of ur late fees. Sounds like a builder can buy bldg, dismantle HOA and kick u out even without selling ur actual unit? Is that correct? They offered, people refused, now just get out with nothing? WOW they're more brutal than their lil bro the HOA

[@Tekniq182]

@@WELVAS. Dude shut up. You posted the same bs under every comment

[@Twilight_Charger]

A perfect explanation is found in the TV broadcasters final comment: Developer offered 400k to unit owners to sell. Cost of maintenance over a number of years for recertification (say$200k per unit) nearby similar unit sells for $1,500,000. Maintain your buildings people!

[@peggyg7442]

The LOVE of money is the root of All evil.

[@dhowto3005]

Thank for covering this story. I feel really sorry for the condo owners. It's not right, and it seems to be unlawful. They paid for the condominium and just because the condo association was resolved, means nothing. If a new owner buys the building, the new owner of the building should be required to retain the current condo owners.

[@3-2-1-.]

There aren't any insurers covering beach front property in Florida, anyway. If you make a claim, they will never pay. The big buildings are protected by too many nefarious lawyers.

[@thevoiceoftruth7105]

Why is congress allowing this????

[@gew9487]

Another reason to never own a Condo. You don't own them!! You get bills you have no control over! Buyers beware.😢

[@jumping438]

We need more laws to stop this theft!

[@mike60521x]

the laws on the books ALLOW this - you are voting in the wrong people if you dont agree with the laws presently on the books

[@Betts711]

Don’t look to Ronda DeSantis, he gets his $$ from big corporations! You voted for him Florida!

[@jim0311]

Republicans made these laws and they are planning even worse

[@lysmykyta1199]

Its not going to happen in Florida!

[@WELVAS.]

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

[@MrFrankievivant]

Im glad I got out of Miami when I did. This will never happen to me owning my plot of land in Long Island NY, no HOAs, no co-ops. Live in the mountains, no fear of the ocean/sea levels rising and swallowing my house.

[@Susanagatika]

Lucky you.

[@michaelvargas2005]

Really? Stop paying taxes and the government will kick you out 😂😂😂

[@dreamscape405]

When the government decides it wants your land, they'll just start a fire, like they did in Maui. They'll take it by any means necessary. None of us are safe from this now. You'll own nothing and be happy is their motto now, and they're showing us they'll do it.

[@user-ze4bv1hm3e]

Most people leave LI because taxes 😂

[@allanhidalgo6636]

Something similar is happening at Gardens On the Bay in Miami Beach! New owner is making it impossible for the tenants!

[@Hisloyalservantslistenlove613c]

The safest residence is a separate house on your own land.

[@enzigenes]

Bingo. Which is left Florida and moved to NC and bought myself a very nice home for much cheaper.

[@gladitsnotme]

How many single income women have that kind of money or time? Get real.

[@leelaural]

property taxes will force many people out of their homes....

[@Hisloyalservantslistenlove613c]

@@gladitsnotme The key is to choose a house that is not updated, needs cleaning up, and is not in a fancy neighborhood. I did it.

[@Commonsenseisnotcommon8]

You’ll see who really owns that land, if you quit paying the taxes we’re all just renting it. The US government owns all the land. 🇺🇸

[@johnsradios484]

Did not realize that you could sell a condo building with people still owning apartments!

[@matthew3353-t3o]

I don't even live in Florida let alone Miami, but when they said at the end that the developer was offering them $400,000 for their units I laughed out loud. There is no way a condo with a view like that in Miami is only worth $400,000. That is a egregiously low ball offer.

[@VideoArchiveGuy]

The building was built in 1964. If you look at past sales from 2019/2020, a one bedroom was selling for an average of $270K, a two bedroom for $350K and a three bedroom for $435K.

[@matthew3353-t3o]

@@VideoArchiveGuy Interesting, I honestly thought they would be worth more than that. Thanks for the info.

[@carlosmark9840]

@@matthew3353-t3oHe works for the developers don’t believe his crap your eyeballs and common sense tell you that is a million dollar unit. That’s why they bought it

[@tempgirl00711]

the first I'm hearing Abt this one. It's like a big brother to HOA, the HOA can take ur condo if u don't pay their fees. They can do a quick foreclose n sell it for the amount of ur late fees. Sounds like a builder can buy bldg, dismantle HOA and kick u out even without selling ur actual unit? Is that correct? They offered, people refused, now just get out with nothing? WOW they're more brutal than their lil bro the HOA

[@matthew3353-t3o]

​@@carlosmark9840 Yeah I honestly thought his prices were suspect, but I don't live in Miami and don't care enough to fact check it so I just went with the "ok thanks" answer instead of getting into a pointless argument on KZbin.

[@MoonlightSonata214]

I don't think anyone can restrict the media from coming on the property if they are the invited guests of a unit owner. That's the same as the building saying they can restrict who you invite into your home - that you OWN - based on the guest's occupation.

[@Naebl-cd5kp]

Unbielivable, I am of european descent and I am totally shocked by what is going on in this country. Money,money is all that count nothing else.!!!

[@christinehutchins123]

I'm glad I'm not wealthy, I don't have the heart for it, or lack thereof. These are regular people who were fortunate to find a home they loved with a beautiful view. Now that values have skyrocketed they have it taken away.I couldn't do this...its not right. Bad karma. I hope they have nothing but problems with this site.

[@newbeginnings4122]

@@Bling-Blinggg I don't know where do you live in Europe but I feel sorry for you. Money is all that matter in Us 100 times more than Europe. The 2 continents are totally different on all levels you are so ignorant.

[@newbeginnings4122]

This is why Europeans don't come to the Usa. It's not worth it. Europe is so much better on all levels

[@valentinalicheli1928]

@@Bling-Blinggg So Sad, I think either the USA imitates Europe or the other way around; but I think Europe is actually worse than the USA.

[@kathytegreene1562]

This is horrible! Please Florida Legislature do something to prevent this theft.

[@muhammad-bin-american]

i can assure you nothing will be done.

[@VideoArchiveGuy]

There is zero theft going on here, the building owners are following the law.

[@rebeccabrooks368]

This is unconscionable regardless of whatever “law” these developers used to obtain this “prime” real estate. What a disgraceful set of human beings!

[@tempgirl00711]

Can blame developers they're all Abt business n making money, investing. It's the local government and state government. They turn a blind eye cuz they're getting paid and getting rich overnight by these developers. Many are friends, golf buds, relatives, or getting millions in tax money, etc. Some states created laws to protect their people while others choose to get paid. Vote them all out then u can stop the robbery. Vote them all out

[@carvana5702]

Disgusting what’s happened to the families. Gross.

[@CaptK-pv7ow]

I’ve always told people just because you buy something doesn’t mean it’s yours. It’s only yours if no one else has an interest in it.

[@valentinalicheli1928]

In the USA. Not in any other Country that I know of; what you mention IS THEFT.

[@valentinalicheli1928]

If You PAID for IT with YOUR MONEY; it should be YOURS; not someone else's otherwise is just THEFT. In the USA; thieves are approved by Government.

[@XCenturionX]

I was recently forced out of my renting apartment too with nowhere to go, and nowhere to rent because the rents are way too high. My rent was raised $875 in one shot, addinga grand total of $2100 a month, all by myself. I don't know about the rest of the country, but there's a huge housing problem in Miami right now. What's worse is that nobody does anything to fix the problem. Don't come to Miami. We're full.

[@ghettoghost305]

I miss Miami everyday but once the pandemic hit and rent kept increasing, I ended up moving to Texas. Texas is a huge adjustment, my kids love it but I still haven’t adjusted. If the rent wasn’t so expensive and the price of a single family home, I would move back without blinking.

[@michaelvargas2005]

You didn't buy the place. You rented it. The owner has the right to end the occupancy at the contract expiration date.

[@Bay0Wulf]

Condos and Co-Ops never made sense to me. I understand the thought process but the reality has always been that you’re relying on too many other people to work together for mutual protection.

[@kylebreedlove1360]

And you put a ton of faith in management to not mismanage funds. Which seems to always happen.

[@marcusmackerl6601]

Greed is Literally destroying the planet! How can you just snatch a person's home away from them? It's freaking sick!

[@marybethdermody9483]

Florida is turning out to be the worst place on earth. I am so sorry to see what has happened to what was once a very cool place. 😢

[@mariecarr3762]

Desantis happened.

[@VideoArchiveGuy]

@@mariecarr3762 So is DeSantis responsible for all the other states where these same rules exist?

[@mariecarr3762]

Didn't say, mean, or imply that. He's IN Florida. No pun intended, however - Location - location - location!

[@VideoArchiveGuy]

@@mariecarr3762 So tell me how DeSantis is responsible when 182 of 192 property owners willing sold their units and walked away.

[@briancortez7722]

It sucks

[@belkisb.4779]

What scumbags they are. How can you force a person out of their home?

[@tonyburzio4107]

It's about to collapse?

[@Slynell1]

Easy. Have more money than them

[@mrxman581]

Looks like Florida law allows for it through the dissolution of an HOA.

[@timlewis9873]

Try not paying property taxes, you will see who owns your home.

[@mrxman581]

@@timlewis9873 That's a condition of buying property in the first place. You can't expect to buy property and then not pay your taxes? That example is completely different and irrelevant. Not paying your taxes is against the law and your property is collateral that can be used to settle the outstanding taxes due. You can't live for free in a community that provides you services that allow you to enjoy your home like sewage drain infrastructure, utilities connections, sidewalks, police, fire, and k-12 education are funded through property taxes.

[@POSTONBEATS]

Perfect example of you don’t own ANYTHING AT ALL IN AMERICA

[@fredphilippi8388]

When we buy a condo unit, we agree to be part of an association. If 80% of the association members agree to an initiative, that is what goes forward. An association member cannot say: I disagree and I will do what I want. Condos are condos.

[@ronoconnor8971]

Does anybody watching remember recently a condo collapsing due to improper maintenance? Possibly this owner has evidence they were also liable for not maintaining the property, or possibly have proof of deficiencies they wont disclose. Im sad for these people, but possibly this is a good thing.

[@tlmas1914]

CAN WAIT TO HEAR THEY HAVE BEEN REWARDED MILLIONS FOR THIS!!!!

[@naturelover2292]

If they are allowed to get away with this, you can bet it will happen again. Those than own condos should be very worried. Its sad to see what has happened with real estate. This greed will not end well

[@maricelacad.3873]

Their Days are counted, "Vengeance is mine" saith The LORD my God.

[@missbttrsctch]

It's been happening for decades now. This is how Blackrock & Vanguard got so big! They sold REITS to the average person and used those funds to keep buying the little people out of their homes. When someone didn't take the lowball buyout, they'd use these tactics to push them out and pay even less.

[@silkamacnair8324]

That’s exactly my thought. Many more developers will follow.

[@williamhaynes7089]

They cant FORCE you out until 80+% of the unit owners take the buyout..that Must have happened here.. Read the contracts before you sign them or walk away.. also VOTE when your condo association has a major vote like this.

[@rorycolgan]

$400K for a 1600k sale??? Basically a steal

[@ultraret]

Yes but that 1600K could be a 4 bedroom penthouse vs a studio in overlooking the street. no details where given, but im sure devs are not the stupid to put such weak offers esp if they want it.

[@mwatercress]

There is something VERY wrong here. Condo owners are evicted from their own homes in Florida and an apartment owner in NYC can't decline to renew a lease to move into their own unit.

[@dannyhayes664]

Housing for illegals !!

[@Lion20834]

DEMONRAT move, they think that taking away the condos, the people are gonna leave Florida . This is a political motivated. Investigate who's the owner.

[@mariepuglia7187]

Very very sad 😢I am praying 🙏 for all the people being “ wronged” by the deceitful people in charge 😢😢😢

[@MrQbenDanny]

Elect politicians who are committed to changing the anti tenants laws in place.

[@sandyrose2398]

Most politicians only think of "how can I make money."

[@1MrAngel1]

Elections are rigged. Politicians are owned by corporations.

[@cavaleer]

That cuts both ways, and longer term in a bad way. The solutions are rather simple tho, even with Condos. The bigger issue to me is that you don't really OWN a condo, if someone can buy the building and the land. You'd better have an attorney really read the fine print of the deed and contracts. I'd bet this condo had contracts dating from the 80s when hedge funds didn't even exist and this sort of out of state land grabbing by massive investors wasn't ever thought a possibility.

[@muhammad-bin-american]

Florida is too tribal for that to happen.

[@williamhaynes7089]

@@cavaleer - it takes a vote of all the owners and 80%+ of them have to say "YES" or its not possible. Maybe this guy didnt show up to vote, mayeb he was outvote....

[@GHolmes-hy1sh]

Good news. The Florida 3rd District Court of Appeals found in favor of the remaining unit owners. The condo declaration required 100% approval to terminate the condominium and the developer did it with under 96%. Hence that attorney had NO right to deny the unit owner and her guests (the media) from the common areas whatsoever. Now that attorney is in big trouble - HUGE landmark liability is possible. This developer claimed they lawfully terminated the condo but the 3rd DCA said they didn't and hence the remaining unit owners do in fact still own units. Not only did the developer claim they terminated the condominium but they even deeded the property to a company for construction! The whole thing is insane and the developer had no rights to do what they did under the U.S. and Florida Constitutions. Massive liability here - could be $100M+. The bullies finally got slapped back.

[@dbrew2u]

Wealthier people are flooding into Miami and Florida in general . And they have much deeper pockets than the current Condo owners . Sadly , Gentrification is epidemic in Florida .

[@gladitsnotme]

Not true. Wealthy people are leaving Florida bc it will be underwater in 20 years. You can't even get home insurance there now.

[@laopang91362]

So much for press freedom. The same thing happens in wars, in political parties, etc..

[@warriormanmaxx8991]

"Freedom of the Press" does not mean the Press can barge into any situation, with a microphone in hand.

[@xelasomar4614]

That's property theft.

[@TheVuduYuDu]

Tell that to lawmakers who won't do shite about this law.

[@xelasomar4614]

@@TheVuduYuDu Who are the law makers in Florida?

[@TheVuduYuDu]

@@xelasomar4614 Not sure what exactly you are asking but will attempt to answer. In this case it would be the state legislature which has proven to have no backbone and/or county officials (Miami-Dade) who most likely are corrupt. Was this the information you were looking for?

[@xelasomar4614]

@@TheVuduYuDu Pretty much, except that I wouldn't say they have no backbone as much as they side with corporations, the wealthy and are most likely on the take.

[@TheVuduYuDu]

@@xelasomar4614 I agree 100% about your observation. But when you vote for things CLEARLY against your own economic and political self interest (FL immigration law being one example) and you KNOW IT - I can only call that having no backbone.

[@Thatsthewayoftheworld]

80% is a pretty high bar. Best for most. That is a positive. Sitting in denial for years? Not too much. Only one thing is 100%.

[@anniejacobs7126]

How can this even be legal?

[@VideoArchiveGuy]

The condo bylaws, which the residents all agreed to when they purchased their units, stated the building could be sold if 80% of the owners agreed to the sale, which they did. That was never hidden from the condo owners at any point.

[@williamhaynes7089]

@@VideoArchiveGuy $5 says that this guy missed the vote and threw notice in trash

[@darnelllewis5984]

This is sad, but they've been doing this to African Americans with eminent domain, and people were quiet about it! No one showed any outrage! I'm just saying. 😢

[@gladitsnotme]

They're doing it right now to the gulla geechee in South Carolina

[@darnelllewis5984]

@@gladitsnotme But mainstream news media won't talk about it!

[@modestkimm]

The roosters are returning home and no one is safe

[@darnelllewis5984]

@@modestkimm Exactly

[@darnelllewis5984]

@sirmadam8183 Look Einstein, 100% of the time, it was and still is about race 24/7. But now, in 2023, these greedy corporate entities and politicians are going after everybody as well! THIS IS A RECENT PHENOMENON, YOU MORON!! Hello, "The plandemic!" The biggest transfer of wealth. Black Americans were always and still are the templates for these PARASITES, whether they're corporate out to pillage and destroy their community or just some raunchy Karen looking to harass or murder an innocent black person. I'm just saying that eventually, they'll move on to terrorize everyone else, including their own. That makes it racist!

[@MW-pv7rm]

This is outrageous!!! I cant believe this is even legal.

[@valentinalicheli1928]

It's the USA. Every theft is Legal and So is EVERY CRIME.

[@Traveler-PKK]

NEVER EVER OWN A COND! OR ANY PROPERTY WITH AN ASSOCIATION. COULD HAPPEN ANYWHERE WITH THE CHANGE OF A PEN!