Condos are being Stolen from Florida owners! (Must Watch!)

[@YakMotley]

Check out the this video on the Condo Crisis! This is a series of videos! - 80% of Condos in Florida could be worthless! (Part 1) kzbin.info/www/bejne/d6G0lGCZqseHoMk

[@Metal0sopher]

One solution, but it would be very difficult to implement, would be for all the codo owners in a building to come together, each put up whatever money they can, add a construction loan, tear down the building and build a new one for themselves. For 2 to 3 years they would have to live somewhere else but once finished they would have a new building, a better more valuable condo, even extra condos to sell to hopefully cover the construction loan. In fact it should be the law. Condo owners should come together and sponsor a law that specifies "Once a condo building is condemned, the condo residents should have 1st priority to hire a builder to rebuild their building for them."

[@realestateguru8769]

​@@Metal0sopher Bravo....avoid the PURGE

[@Freerider93]

Bro...y'all voted for DeSantis....this is what you voted for 😂

[@ExecuteBrandon]

@@Freerider93 What does DeSantis have to do with it?

[@KawakebAstra]

Thx4 truth.. our gov.reps too busy promoting interests of mega developers rather than prevent people fm homelessness ‘n dark campaign money scams ..ask DeSantis about this form of corruption

[@DKisOk]

After my husband died friends told me I should sell my house and buy a condo in Florida 😂😂😂 I said NO because I hate the heat.... So I have to maintain my house with a half acre of yard and gardens. It's a lot of work for an old lady, but my great God and Jesus Christ give me the strength every time! 🙏❤️🙏

[@clairelivefreeordie2551]

I'm same...I lived 8n Florida for 9 months...not for me especially the heat. I love new England

[@onemishelle]

May you continue to be Blessed 💙

[@johncronin5311]

Yes Lord

[@7779-c3m]

Amen

[@HawaiiGaymer]

You made the right choice in my opinion. In the event you need help with the land, you could hire people instead of selling and moving into an HOA.

[@toddburks9182]

Never buy a condo or a house in a HOA.

[@Truknup]

Why.. I have had no issues with an hoa ever … You have never lived next door to somebody who absolutely will not take care of their place ..

[@vivica8207]

Why are you worried about what your neighbor is doing with Their place? You dont have to live in an HOA to have good neighbors. Do your research before you buy a property.​

[@aol-youvegotmail364]

DeSantis is the one destroying Florida even Home insurances are leaving Florida.

[@thirstonhowellthebird]

@@Truknup I love my HOA. Sometimes they are a bit strict, but for the most part, it’s wonderful, but I’m in Texas.

[@thirstonhowellthebird]

@@vivica8207 My HOA dues include water, free cable, high security. I don’t have to worry about the cost of roof maintenance or lawn maintenance or trash collection. What I pay in HOA dues I would never be able to duplicate living in a home. It would cost me twice as much if I lived in a home and then I’d have to worry about the Venezuelan gangs trying to break in my house and take it over. We are living in really scary times right now. I’m sick I guess that it’s all by design too

[@StokesMusicStudiosOnline]

Property taxes for homeowners nationwide will soon be unaffordable. It's their plan to take everything.

[@kwaichangcaine8234]

It's crazy here in Cook County Illinois , I have a 719 square foot house built in 1906 and I pay $9000 per year and it's only worth maybe 300K . They're trying to drive me out !

[@Eaglemadhatter]

​@@kwaichangcaine8234 they've done it all over the word. Land grabs. Blackrock needs more property.

[@Truknup]

⁠just the politics in cook county would give me the incentive to MOVE!!

[@yorsan2240]

​@@kwaichangcaine8234before you lose it ,learn about kitchen accidents, if enough of us do that they'll backoff a bit

[@skybiz4520]

@@kwaichangcaine8234 In fact nobody can "Pay" in this Country, since 1971, when conversion of FRN to Gold/Silver has been "temperately" suspended.. So? What that means? They are suspended "Promise to pay" allowing you (if are not in the sleep mode) create your own "Promissory Notes" for Tender of Payment, that can NOT be "refused.." UCC 3-603 (b) Read it.. Ignorance no excuse.

[@floridadad2817]

Notice how none of this is happening to apartment buildings, hotels, offices, the Miami courthouse that is crumbling….

[@vkng_drag0n982]

It is apt building the ones who are being kicked out.

[@Juandinggong]

You are right! Big corporations rubbing their hands to build hotel and commercial

[@AmerPridexxx]

Just before the GFC Broward built new govt buildings (new ft Lauderdale court house), when the GFC hit, milage rates rose because the amount of foreclosures tanked the amount of "revenue" from property taxes. Now we're seeing new fees added to property taxes (storm drainage fee) while the home prices remain over inflated and they're grabbing higher "revenue" from those "values"... They're thieving from every angle

[@HairHoFla]

Yea they are too...a whole Apt Building got condemned last week in Broward County

[@beloved-child]

He is only incorrect about apartment buildings but 100% right about everything else. Its all by design 2030, own nothing, be happy

[@rogerbartlet5720]

"No one saw this coming" - That's how you know they saw it coming.

[@lovingthebeach]

ABSOLUTELY! YOU'D HAVE TO BE BLIND not to have seen repairs that needed attention for decades.

[@davidmorgan1374]

Calamities, Lawlessness, Homelessness, Landlords Revenge, High HOA's, We're definitely in the End Times!

[@mtran8466]

maybe at the Beginning of Time, too...

[@KittyS-gg5gd]

No, just a red state

[@sharonwysocki-u6x]

Buffet, Bit coin, Black Rock, Bank of America, These are the ones destroying the world!

[@TomBTerrific]

What about the lazy, drug addicts, alcoholics, low life’s etc that produce nothing but want social programs to care for them?

[@Pivvip57]

No, it's maga 😊 corporations

[@stefvanoudtshoorn2304]

Bill Gates, Bill Clinton etc.😁

[@jayogee913]

@@TomBTerrific Honestly, the social programs cost is a drop in the bucket compared to war, corruption, theft, and billionaire tax cuts. For example, SNAP program in 2023 was about 1.84% of the US federal budget. You could cancel the program completely and the savings would hardly even be noticeable. The real need is to stop corruption and start taxing billionaires and corporations.

[@sgbawg0]

You called it. In the end, big money investors are going to swoop in and buy out condos (and the land they are on) for a sweet deal, tear them down, build new condos for the rich and super rich, making the current Florida dumpster fire, worse.

[@AwakenedOne447]

Big money investors are who have been doing ALL of this. That building never collapsed! It was detonated to fulfill what is happening. Pure evil.

[@jonathantaylor6926]

Well the land gets sold at an auction so you’re free to bid. The land from the Surfside building that collapsed sold for 120 million dollars at auction.

[@AwakenedOne447]

@@jonathantaylor6926 it was not a “collapse”. It was detonated and all planned 😉

[@yorsan2240]

​@@jonathantaylor6926don't you understand they create trillions out of thin air while we have to actually earn it ? Even if you're rich your chances of being amongst them is barely 1%

[@yorsan2240]

​@@jonathantaylor6926 they know nobody out of their circle can get it so they use the "auction " to make it look a legitimate process, insurance, taxes and all politicians are installed by the same corporate banksters, government corruption is out of control

[@61zulu61]

The greatest real estate robbery is taken place in Florida. They are not going after apartments, and they are no different than condos. Drive around town and look at some of the apartments and you will see some apartments look worse than condos

[@lisalaufenberg6002]

That is very interesting, thank you for the comment.

[@samdp8497]

Why do you think that?

[@TEXHO3OHA]

Whole country being hijacked

[@menottu]

Developers/wallstreet trying to get back what they r losing on the developments that they bought out, stuck w/ empty developments bc consumers unable to qualify for the higher prices on single family homes( not condos). This includes them trying to rent these homes. So they r getting away w/ screwing condo owners in FL. EVIL and desantis needs to get out; he’s trying to sell state parks to developers too. Letting developers buy older golf courses to developers, under homeowners noses, who live there. Tarpon Springs is dealing w/ this now.

[@slange455]

You sure I would think any building would require this study…should matter apartment vs condo

[@darpatriot2285]

did you guys see Palos Verdes in CA - they're shutting down power and forcing evacuations because the land is unstable...same idea here.

[@lisalaufenberg6002]

Thanks for your videos, I have 2 friends out of state that have been interested in purchasing a condo in Florida for past several years. I am so grateful they have not bought yet.

[@johnnychaos1561]

Really sucks that the property owners screw up the building and then steal it from the condo owners.

[@bballah9969]

Absolutely criminal what these HOA's are doing to people

[@ALT_RIGHT]

Then do something.. NOBODY IS GOING TO HELP YOU

[@MariaH-tk2fy]

​@@ALT_RIGHTI am fighting, but the condo lawyer misrepresented the issue on court. I was waiting for a hearing appointment. What I got is a letter from the court, mailed by the " lawyer " . I have no clue how this works, but sounds fishy to me. I'm planning to write to the court and mail copies every where I can think of. I'm in very bad shape, struggling with several disabilities. It's extremely hard, but I'm doing the best I can. When I tell people I go against HOA, people fricking out. We'll see what happens. At this point, I have NOTHING to lose.

[@aol-youvegotmail364]

DeSantis is behind this but people want Florida to be a Red state even if they steal their homes from them.

[@LuisRojas-uu4om]

Not the HOA's but Floriduh repuglikkkan run government that Floridians have been voting for for 25 years. Worthless leadership and governing is coming home to roost. The developers Floriduh government works for are getting all they want, including now state parks. VOTING STUPID HAS CONSEQUENCES

[@bipl8989]

Owners are the HOA. This is a self created problem. Ignoring maintenance from day 1 does not work. The owners have never been interested in maintenance, always kicking the can down the road to the next buyers. Guess what? The can is now too heavy to kick.

[@hammertyme8392]

If you own a condo in Florida, you're screwed.

[@ca9777]

Don’t get so dramatic!

[@MariaH-tk2fy]

You are absolutely right. HOA miss use our money for years. They want me to pay third time for roof, but wouldn't fix the leaking rotten pipe ( they fixed a small portion front of the building. Looked very bad. ) under my apartment and other damages caused by their negligence. Best of my knowledge, a roof shouldn't cause any problems at least twenty five plus years. If any problem popped up, the roofer should fix it. For FREE ! This condo " attorney " is an excellent snake oil sales man. Pleasing few selected residents, screwing the rest of us. People keep sucking up to them. In the mean time they are short on money. Doubled the maintenance, demanding third assessment for " roof ". This building is is going under. They have few years Never understood, why grown people keep sucking up to their users / abusers ?!

[@melanievando2040]

Not all. This affects 3 stories and up. I own one that is only in a two level building.

[@magamaga1827]

If you own a home in nyc where i live, you're screwed.

[@endofsociety]

If I owned my condo for the last 15-20 years, I'd be suing for every penny I gave them. Obviously they weren't doing the correct upkeep and measures to keep the building up to code, and have squandered all the money I gave them. If you're paying $300 a month, (average) that's upwards of 680k or more over the years. I would consider that as already have paid my fair share. I want it all back then since they didnt do what they were supposed to do. That's just 1 unit.

[@edic2619]

A huge problem, if the condo is concrete and near the ocean, the rebar in the concrete, rots away, rusts away, corodes away because of the salt water and the wind blowing salt in off the ocean. Today there is epoxy coated rebar that is supposed to solve this.

[@rebeccaspratling2865]

Asa multi generational south Florida native, I will never understand why people move so close to the beach. That space should be left alone for wildlife and the public to enjoy. People living so close to the beach causes everyone's homeowners insurance to go up everytime a hurricane hits.

[@donquique1]

Epoxy coated rebar still rust. You just need a discontinuity in the coating.

[@MichaelMcIntire-h5e]

The true math is that what is yours is not yours - if they want it.

[@AmerPridexxx]

Spot on

[@ilovetospeaktruth444]

Yeah like how they stole the land 🙄 so because they have money that give them the right to take from us ,maaan you have issues to write that ,there ppl out there have no where to go only because shit like that because they have money that don’t give no one the right to just take from anyone no matter who they are , you’re just selfish in its not happen to you ,remember humble your self

[@jennycurtis4447]

For anyone in an area that has property taxes, or any other kind of assessments

[@nicolasbenson009]

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

[@TinaJames222]

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task

[@tatianastarcic]

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

[@Vincent-j8u]

this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@tatianastarcic]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@sharonwinson-m8g]

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

[@doctorfeelgood5488]

Keep exposing the corruption of corporate land grabs.

[@Jcrpdx]

The governor's silence is deafening.

[@PianoUniverse]

He's probably getting a cut of the money.

[@andrewcrowder4958]

I have a cousin who used to work directly for him, and was utterly corrupted by it. Heard him lying over the telephone to protect him.

[@rickdeckardbladerunner2049]

The FL governor has really dropped the ball here. We need Jessie Ventura to replace him.

[@typeorulz]

Can't stop the $$$ train 😅

[@ilovetospeaktruth444]

They don’t care the rich will keep taken and before we know it Florida will be the home or the homeless 🤦🏽‍♂️ , I won’t be surprised

[@RJFP67]

With skyrocketing rents it seems that there’s a concerted effort to make people homeless 😢. Now your home can be condemned with no recourse.

[@slange455]

Yes that want to control and own everything…you just pay the man ..no middle class …just the super rich and poor

[@rickdeckardbladerunner2049]

And we have millions of illegal immigrants that need housing. Sounds like part of a big plan.

[@vickijohnson9367]

They always have been able to take real estate property through imminent domain. Which is what they are doing, “government mandated, for the best interest of the public” post Surfside collapse.

[@ThePerfectSeason1972]

I’m moving to Spain

[@ThePerfectSeason1972]

How is this Legal ?

[@dave1956]

OMG am I glad that I didn’t buy a condo in a high rise on Pensacola Beach back in 1998.

[@Karakulak1071]

I wanted to buy one in Daytona Beach 6 years ago it was the cheapest, it was only $99,000 but a week later it was raised to $120,000 so I walked away, someone was looking after me

[@nwalker2619]

Yep, I was looking at some in Daytona too under $100,000. Always wanted a place on the beach, so glad now that I never pulled that trigger.

[@TexasSurplusPro]

Lmao if you saw how much it would be worth no you'd be kicking yourself.

[@nwalker2619]

@@TexasSurplusPro I was kicking myself till these new condo assessments laws got put into place.

[@Karakulak1071]

@@TexasSurplusPro and $1M underwater is no laughing matter either

[@davidclarke9570]

Guy's, start getting bids from out of state contractors and engineering firms. You are right corruption runs deep in local politics and land development companies. I am giving this advise as a (Ret.) land developer and building contractor with over 40 years of experience. Best of luck in your American Dream.

[@stephfrancis7109]

Wow, it's very dangerous to buy condominiums.

[@deborahheckstall1881]

You are not buying a Condo and these so called inspectors are ripping Americans off. How many inspectors do they have and who owns these companies.

[@jbjab99]

Why would anyone want to buy these condos after seeing what they did to the last owners.

[@jackwilson3121]

This is what happens when you defer maintenance on buildings.

[@Freedom-j4l]

Remember that when they come for your home.

[@luisxvgenovese1736]

@@Freedom-j4l If you neglect maintenance in your home and if it falls, it’s yours and your insurance problem. This new law is to protect multi dueling buildings from another Surfside disaster.

[@jackwilson3121]

@@Freedom-j4l My house in not in an HOA. I am responsible for my own repairs.

[@IBKNW]

Does this surprise anyone. Remember MAUI, the fire. ell this is no different in the way of a power grab on land.

[@jeanalice4732]

Bingo!!

[@typeorulz]

That's your boy Di Santos at work. Mr. Wonderful.

[@jeffdunnell6693]

Yea,sure,I’m sure he told you to buy it.

[@vanceharmon3481]

SO YOU ARE BLAMING HIM FOR SOMETHING THAT STARTED THIRTY YEARS AGO YES you are the smartest person in the room 😅

[@hugdeez]

My HOA has been dealing with this. I suspect they will aim for a take over and demo. Great info.

[@evangelistaivanbaez4571]

This is corruption a high level. I’m speechless.😢

[@MyLoganTreks]

Thank you Dispicable Ron Disantis also for allowing insurance companies to get rid of the 30 percent rule on roof replacements as well. Now homeowners need to use more litigators to fight for any insurance repairs

[@jacquelinem2873]

The US poor construction…. Many other countries have buildings, but don’t see the problems that the US does…

[@paulmaartin]

It's just insurers no longer able to cope with hurricanes and the salty air destroys rebar concrete.

[@patrickderubis4527]

Just replace my roof in Pa. for $35,000. Don't fill sorry for these people. Nothing is free.

[@toniesedrick691]

Empathy is need in all cases, especially Pa. and Florida.

[@garyloar3114]

Must be a big place poor you

[@wrek1ent]

"You will own nothing and like it!" 😮😮😮😮

[@rickdeckardbladerunner2049]

Uncle Klaus.

[@Markham12thcentury]

"You'll own nothing and put up with it because you voted Democrat and gave away your 2nd Amendment".

[@rustyshackelford3371]

I got the first part down pat. When does the second part start?

[@deborahheckstall1881]

People will not buy Condos or HOAs and they will not buy.

[@deborahheckstall1881]

People are not going to buy Condos and people will not buy them. They will stay empty because people know how dirty they are.

[@dewuknowofHyMn]

Total insanity !!!!

[@doom4067]

When you ignore maintenance for decades this happens. Especially in salty air and ocean spray. It's not entirely the current owners' fault, but how many of them even looked at the maintenance and inspection schedules before the closed?

True

[@stew6662]

This wasn’t a problem until they changed the law.

[@kirstenmeadowsss]

You nailed it! I’m a Floridian also an insurance broker. The reality is this is what happens with decades of neglect. Surf side in Miami was the catalyst which got us here, it’s just a shame so many had to lose their lives.

[@krakken-]

@@stew6662 Of course it was a problem before they changed the law. It's sad for the owners, but did they think that these buildings didn't need to be maintained? The real problem is that these laws weren't in place 40 years ago, because many condo boards just said "we don't want to pay" for the maintenance costs that were absolutely necessary. And deferring costs doesn't make those costs go away.

[@irwinsaltzman979]

@@stew6662the rotting of rebar and spalling of concrete was happening no matter what the law says. The old law worked for new properties but not when the properties age.

[@Karakulak1071]

I wonder if Ron Desantis was in on it when he signed the bill, or was he clueless about the ramifications of the bill or was he coerced by the big greedy developers🤔🤔🤔

[@jeffreyfoster4260]

He’s a Lawyer, he definitely knows what he is doing!!!!!🤬🤬🤬🤬

[@Its-a-Sign]

Off course was in.

[@Old_Geezer]

He's very cozy with the small hats. Aren't they all?

[@magamaga1827]

florida was all democrat govs up until 2000...this problem was passed on by them

[@Its-a-Sign]

@@magamaga1827 24 years later is Republican fault.

[@gwendolynmcgrath7697]

This is THEFT

[@greenearthblueskies8556]

Wrong

[@debbiey9452]

I would never live where someone else is responsible for any part of my home. I’ll take care of it myself and make sure it’s done correctly, TYVM.

[@frogkisser]

Oh this reminds me of 2008 California foreclosures and the beginning of homelessness. Stay humble out there. you literally are one paycheck, one inspection, one hoa away from ending up on the streets. You think I'm kidding, but, I'm not. I watched California do this to it's people and Had been hired to market ready foreclosures there and people you never expected to live on the streets where put out just like that. Prayers up from Texas.

[@frogkisser]

The banks hired me from another state so ...

[@williamtiffee3799]

It's a controlled demo... all around the world, by the 'owners' of the City of London BAR and big banks. (Who also control the mis- governance, legalese, insurance companies, to developers, police, etc.) And FLORIDA, reinc. should "pay for" their MESS.

[@lisalaufenberg6002]

Unfortunately there are many people unhoused in Florida. It became much worse after covid and with many people moving to Florida the cost of houses and rents went sky high and many people could no longer afford rent. Housing costs are starting to come down around me now, the houses are on the market much longer now versus a few years ago there were bidding wars and contracts signed on the first day.

[@jabreck1934]

CA prop 13 Property tax can only increase 2% a year…. based on original purchase price. What you are saying is absurd. Why are you lying?

[@travelguy1564]

Glad I own a home in my mid western state with NO home owners association, all the yards are nice, none of this garbage going on, how lucky is that!

[@younoseeit]

IDK...Location, Location. There's not a spot in the Midwest that can compare with life in South Florida.😅

[@rodman50]

And Florida government just sits back and watches...doing next to nothing to rectify this mess! I wonder who is raking in the $$$$$!

[@RootBeerGMT]

They made the mess

[@aol-youvegotmail364]

DeSantis is the one that cause this... Keep voting Republican and lose your properties!

[@roncadorette4081]

But florida has the best of the best lawyer guvner, What if it were the worst lawyer guv.

[@suzanne9150]

DeSantis is pro big corporation. If people think he'll do anything to help, they're wrong.

[@roncadorette4081]

@@suzanne9150 Money talks, guvment for the people walks.

[@beckyhuey9744]

Thanks for looking out for others and keeping us informed! You rock.

[@toniholman3198]

NEVER buy a condo! What a mess!

[@bipl8989]

Nobody is stealing anything. The buildings are worthless. No maintenance for 50years. Investment firms are buying the land, not the worthless buildings. They will demolish the unsafe buildings and build new. If you do not do maintenance, this is where that road ends.

[@greenearthblueskies8556]

Exactly....why are people flat out telling lies. They can't allow them to live in hazardous buildings.

[@bipl8989]

@@greenearthblueskies8556 Their lies relieves them of responsibility. Blaming the HOAs, builders, city inspectors, the new law, government interference, taxes, interest rates, high costs, developers. But it was those same people that voted in their HOA meetings not to do maintenance. Now they just want to eat their cake without feeling guilty. Got to pin the tail on some other donkey.

[@greenearthblueskies8556]

@@bipl8989 💯

[@samcalven12]

People voted for this, people voted for politicians who gave this amount of power to corporations

[@dellila9301]

Ron de SANTIS . VOTE HIM OUT

[@ELEVOPR]

People don't vote for this, Politicians do what they want once in office. No one actually voted for this.

[@Freerider93]

​@@ELEVOPR actually they voted for DeSantist who is bought and paid for by the insurance industry. Instead of putting this cost on insurance he put it on the home owners. They absolutely voted for this and they got exactly what they deserve! 😂

[@puffpuff4023]

Are you serious? Do you still think elections are real?

[@rangerkyle6681]

Ron DeSantis 2028 🇺🇸

[@mariaolivieri1633]

In other countries we have buildings that are centuries old.

[@greenearthblueskies8556]

Okay, they can move there.

[@toniesedrick691]

They probably hold up better.

[@mariaolivieri1633]

@@toniesedrick691 They are build to last. Good materials and engineering .

[@JGARCIA2012FULL]

¡My uncle and his brothers are the new heroes of the family!! They were involved in building many of the condos in the Miami area in the 80’s, and their only recommendation to anyone who would listen, never buy one of these properties, and in over 40 years and many purchases later, no one in the family or acquaintances has done so, and they didn’t have to do a soil test 40 years later, or were they fancy structural engineers, just regular hard working people. Oh, and no secrets here: rushed construction, poor quality materials and shortcuts left and right. And look now, is not your property anymore, at least in China the land leasing is for 70 years!!

[@SHARONVIZENA]

How are they heroes? They built, according to you, substandard buildings.

[@alizaepstein273]

This happened at my condo. A big Miami company took over our board illegally and started buying up units in all kinds of names until they had control. They raised our maintenance from 300 to 1200 a month as well as a huge assesment so couldn’t pay. I had 30 days to leave after living in my home for 12 years. I lost everything and now me and my children are paying over 2500 a month for an apartment.

[@whereisthedollar]

Many years ago known for. Swampland in Florida, comes home to roost!

[@4000angels]

Yak Motley, I can tell that you are a really intelligent and perceptive person. Thank you for making all of these videos. Please keep it up 🙏

[@Liesandmanipulations]

These condo associations were run by the condo owners .They never raised the condo fees or did proper maintenance .They kicked the can down the road purposely so they didn’t have to pay higher fees. However the condo owners didn’t pay attention to what there HOAs were doing. There was a lot of mismanagement,corruption and embezzlement going on.

[@EmilyFoxSeaton]

Bull I even got on my condo board and I still couldn't make people act reasonably. Most people leave when they find this out.

[@daintonrainford2391]

in the early two thousands before the first housing bust they were just turning existing apartments complx into condos they were already cheaply built and people who didn't know better were buying them for good money are now screwed over

[@orlandosantiago15]

They try to look for excuses to get the condos for free .Either the the owners money or the property. They have the tactics to pressure you.

[@futuregenbluayado4293]

I’m in a condo in New York. Hopefully my condo association is keeping up-to-date. They sent out a lot of stuff so we don’t have this problem. It’s only two stories and they they fix stuff pretty often and the maintenance is good. Was just done over like two years ago so I hope this is not hiding out somewhere for me waiting to blow up in our face of here.

[@curliefro]

I also have a condo in NY. My HOA and property manager sends detailed financial reports to all owners. I think NY law is stricter about transparency and conflicts of interest than Florida...

[@substance1]

The owners should sue the HOA since the HOA didn't maintain the building for decades.

[@francismarion6400]

Sue themselves?

[@luisxvgenovese1736]

The HOA is all the owners

[@jet4415]

The members of the HOA could change from year to year.

[@ThePerfectSeason1972]

@@francismarion6400 - exactly what I was going to say, there’s no winning in this game and it beats the heck out of me, that no one can even understand what this intelligent man is saying. No one can fight these people. They don’t have money, Money or knowledge to do it. They can’t even hire a lawyer, because their own Lawyer will charge them more Than the building/unit is worth. These are big players stealing property under false pretenses. Most homeowners will be too weak to handle the emotional rollercoaster and stress that will eventually kill them. Under the argument, that this building is condemned and you can’t live here anymore. Sorry, go cry somewhere else.

[@bipl8989]

@@jet4415 yes. They do. New owners come, old owners go. Neither want to spend money on maintenance. The previous owners don't want to because they know they will sell. The new ones think the old owners are responsible for the mess they are in, but they bought what they bought. All of it, problems and all.

[@Katrina-mx2sf]

BC had a condo crisis, about 20 yrs ago, with " leaky condos" , nothing but green netting for blocks, and ppl taking out 2nd mortgages.

[@IBKNW]

These Corps need to held accountable and should be mandated to pay people for relocation. This is so freakin' sad. People do not deserve this. wow!

[@Freerider93]

Ummmm...you voted for DeSantis. This is what you get! 😂

[@aol-youvegotmail364]

DeSantis is the one that cause this... Keep voting Republican and lose your properties!

[@toniesedrick691]

Most of these so-called corporations are just fronts for thieves.

[@olanderdecastro52]

My mom owns a condo in South Florida and I own a single-family home in an HOA. I have some assessments coming even though my community is new but they are somewhat manageable. On the other hand, my mom’s condo has $15 million in maintenance due in the near future and only $900,000 in reserves. With only 500 units you can see what kind of assessment abilities. They are up against four years to come. There is just no way to get there from here and condo associations for 20 or 30 or 40 years, we’re allowed to defer maintenance well into the future. one of the only reasons that they’re doing things now is because the insurance companies demand that they have new roofs new stucco new wood siding if that’s applicable, new balcony, railings, and repaved parking lots. If it wasn’t for the insurance companies requiring it somebody of these condos would continue to defer critical maintenance items until buildings literally fell down. we have seen that and we may see it again because people don’t have the money to pay 10,000 or even 100,000 or more in single shot assessments. It is a real tragedy and I would not advise anyone to buy a condominium that was not built within the last five years. Because then at least you could go 30 more years without the worry of assessments and, dangerous construction conditions.

[@eliot5220]

@@olanderdecastro52 Why not house yourself and buy a house or rent an apartment instead of trying to skate through life buying things you can’t afford. That’s a better plan.

[@olanderdecastro52]

@@eliot5220 thank you and that certainly makes sense. However, when we purchased my house, the cost were well inside our ability to pay. Which is the current cost of everything including maintenance insurance and property taxes have escalated dramatically. To wit, it is approximately $2000 more per month just to keep the same residence. I would need to make $30,000 more in income just a reasonably handle that. So to your point, we are selling our home and dramatically downsizing. We don’t want to. We don’t think it’s best for our family, but there’s nothing else we can do right now unless something makes the cost of both near term and future term be reduced.

[@evas.6567]

I think this has been in the works for a while. I believe this was all planned. People need to find the connections. If they start digging, they will find what they are looking for. It will take a lot of digging. Someone needs to be held accountable for this.

[@AmandathePandaBooks]

Thanks desantis!! Homeless ppl all over the state, even in your frt and back yards!!

[@louisstennes3]

I own a condo (outside of FL, less than 20 years old with a good HOA so, so far so good, except for insurance.) Don't paint all HOAs with a broad brush. They recommend but the folks don't want their HOAs raised. I sat on a non condo HOA board that suffered flood damage to our common area bldgs. The dam broke but the dam was owned by two other HOAs. When I presented a proposal to hire an attorney for advice and make sure the cost was split evenly for dam repairs they started with this, "I know a real estate friend who can tell us what to do, etc., etc." I never went back.

[@4000angels]

Another awesome video. Thank you. Please keep it up. 🙏

[@ethefl23544]

So people are upset their unit never contributed enough money to maintain the property. What the law did was stop the deferred maintenance and replacement costs being deferred. It made your unit cheaper. You voted for the deferment, it's an association you are a member of. It's not some government Kabal, it's you and your neighbors. The association is run by residents or those hired by residents.

[@krakken-]

Sad for the owners, but this is 💯 true.

[@collin9085]

Agree, if your building is structurally compromised, and the cost to repair is unreasonable, the solution is for a company to buy the property and pay the owners whatever the value of the land is. I honestly think that what is happening is the solution. In the example where the building assessment was 46 million and the second assessment was 23 million, okay, you may be getting scammed, but these people are all still going to need to come up with 100k per unit when each of their units are only worth 200k. It's still extremely dire. Unfortunately, the only solution is to probably to sell the property.

[@greenearthblueskies8556]

💯

[@greenearthblueskies8556]

This should be a top comment, but people rather believe a lie.

[@user-ui6dk7sv6u]

Agree

[@christiger9135]

BLACKROCK AND VANGARD rules it all, You should thank Desantis for that, now you have your super Florida

[@davidcobb464]

When things are good, nobody wants to enforce reasonable regulations. When things go south, everyone points fingers.

[@Trump2024asw]

More like nobody wants to pay for repairs an keep kicking cans. Lot's of cans been kicked to long an hitting walls no more room to kick piper gets paid or takes kid's its neat to see everyone blame everyone else.

[@christinewilliams5810]

I like watching this gentleman. He is very on point and tells it like it is.

[@davidrichardson5153]

BLACK ROCK WILL BE AT THE HEART OF THIS - study where they get their money from & try where possible not to fund them because they are now taking your life

[@maymay3497]

Thank you, I greatly appreciate you taking the time in informing us... : )

[@mamzellilooo]

*I love the grounded reality of this channel!!* I am super excited about how I got retired earning more income without relying on the government. Even with my Retirement. Earning $45k weekly, has been life changing after so much struggles.

[@mamzellilooo]

Only God knows how much grateful i am. I now own a new house and my family is happy once again everything is finally falling into place!!

[@marcosvg90]

Hello how do you make such weekly?? I feel so down of myself because of low finance.

[@mamzellilooo]

@@marcosvg90Maria Angelina Alexander I really appreciate her efforts and transparency.

[@mamzellilooo]

Giving her my initial savings of $15,000 to invest in a brokerage account was a turning point in my life less 7days. It's been an incredibly rewarding experience.

[@marcosvg90]

wow this awesome 👏 I'm 37 and have been looking for ways to be successful, my work hasn’t been helpful for me and my family. How can I reach her directly?

[@grayrecluse7496]

Never understood condo's. Living in a building that you bought a small piece of,but really don't own any part of.

[@snookhunterfishing]

Should not these people be suing the building owners and hoas for breach of contract in maintaining these buildings. Government has failed as well at inspections and doing their jobs at controlling these hoas that the state allows to operate. At the very least liens should be filed so that these people get paid fair market value if in fact the buildings are sold. It's not the fault of the condo owners and therefore can't or should not be held accountable. Time to flip the script and see it from the other side. This is desantis and his administration doing the dirty to get paid their gifts by the real estate oligarchs. It's right in our faces and everyone is bowing down to their will. I might even consider setting my own condo ablaze. Not that I own one. The corruption is real in this state and no one is digging in to see where it's coming from..... desantis and his bank account is where it's coming from. Reads your contract in detail immediately with the HOA. Their ignorance does not constitute you giving up your property without due process and/or fair value due to their neglect. File liens immediately to ensure payment is received in whatever amount they try to assess. Remember you the owner of the condo paid your fee already and did not receive the service you paid for and are entitled to damages and at the very least due process. Flooding the courts with lawsuits can and will stop the effort of hoas from foreclosure for prolonged periods of time. These cases are not ten minute hearings or process. This process can take years as it should in many of these cases. Turn the table on this corruption and see how quickly government works to fix it. This stinks like death on government. Look at desantis and his recent dealing with big business and see if the relationship is obvious

[@jonathantaylor6926]

The condo owners own the building. Any deferred maintenance is on those same owners that most likely voted “no” on increased HOA fees.

[@ethefl23544]

Very misinformed on what a condo/condo association is.

[@francismarion6400]

Sue themselves?

[@nicoleb5276]

Building owners=Condo Owners. The HOA board is elected by the condo owners. Suing the HOA and building owners =suing yourself!🤔 It's their own fault.

[@jhanalexander5377]

Not really, weather you like it or not, there should have been legal or government regulations to prevent this from happening. Not everyone is a structural engineer or understands construction. You are deferring that responsibility to someone else and if that person decides to not take action they should be legally responsible or better be incentivized to take action before you have a problem.

[@dougbarrett7803]

Salt air Destroys everything

[@CunoThe]

First the squatter law and now this, what a coincidence.

[@aol-youvegotmail364]

DeSantis is the one that cause this... Keep voting Republican and lose your properties!

[@MeadowDay]

HOAs have not kept up with structural repairs over the years, residents haven’t demanded this oversight on their property’s. Hows this the governors fault?

[@cindiamartinez8384]

Crickets coming from DeSantis!!! I see golf courses and high end exclusive clubs popping up in place of the condos!!!

[@lisalaufenberg6002]

Exactly, just like he wants to do to our state parks!

[@tracybrown7240]

Recently purchased a 2bed 2 bath mobile home. Leased lot for 99 yrs (was paid off already) HOA fees $165/month. Pool clubhouse 9 hole golf course water lawn care garbage and recycling incl.

[@margaretwilliams8627]

I live in North Florida, investors buying single family homes like crazy. They are trying to make Florida into the new California.

[@Markham12thcentury]

Then they'll learn that there are only so many "rich people" out there and all the working class who cannot afford to buy or even rent here will simply leave...just like in Commiefornia.

[@ElizaLou75]

No, they're only trying to make tons of money. That is all they care about. They will take the profits then leave Florida to deal with the consequences. And I bet those investors have donated quite a bit to DeSantis and others to make it easy for them to do this.

[@Flies2FLL]

Perhaps they can do something about all the inbreeding taking place in north Flori-Duh.....

[@KarenPritsch]

@@Markham12thcentury I think this is all part of the new world order! Other countries are going through similar attacks. Germans on pensions are being kicked out to house immigrants!

[@toniesedrick691]

@@Flies2FLL 😅😅

[@littlebitmckee8234]

Thank you for getting the word out

[@CB500Xoo7]

Lauderdale by the sea condo President pushed for massive renovation. His response to retired owners who couldn’t afford the special assessment was too bad. Once the project was done he sold his unit for massive gains.

[@decidocisum]

No one saw this coming, outside of many board meetings, pleas from responsible board members, or when a board that wanted to keep up with maintenance decades ago got voted out due to a tiny assessment... but nobody saw this coming.

[@wesleyferguson6932]

There should be no CONDOs in Florida to many sink holes.

[@kirstinalphabet796]

Charleston, SC just marked the oldest and first highrise built downtown unsafe. I wonder how many of those buildings will survive inspection. 🤔😢

[@epflrz1625]

Florida is such a cesspit!

[@stanmarcusgtv]

It's paradise compared w/CA, NY and IL

[@francismarion6400]

You have zero rights in Michigan, NY, IL, CA.

[@aschreil]

It's turning into a shit hole like NY, NJ, CA, etc

[@frankrusso2093]

The entire country is cesspool.

[@t-bone3657]

@@aschreil- not even close. Do you even live here?

[@suzanne9150]

Why would people pay an HOA fee higher than what a mortgage payment would be?

[@miamivicefanatic9736]

This is the consequence of living in a state that is pro-business and anti-consumer protection.

[@francismarion6400]

Has nothing to do with either.

[@Jcrpdx]

And local governments & HOA's that are corrupt.

[@GusMahn]

That's way oversimplifying a complex situation.

[@Truknup]

Just betting you vote blue across the board .. Your statement makes no sense…

[@dj007twk]

i disagree with your specific definition but i get your point and generally agree with your sentiment. clearly the state is not protecting its own residents.

[@michaelsmith9590]

Last Sunday (25 AUG, 2024) on another TV (Channel 10-MIAMI) the designated State House Speaker, Daniel Perez, was interviewed (This Week in South Florida). As I recall his answer to a condo owner's 'phoned-in question was that she needed to get out (of her situation). Her situation was described this way: developer takes acquisition of majority of apartment units; with voting rights, removes board of directors. Then sends letters to remaining owners to pay over $20,000 each for "renovations and upgrades" as he sees fit. She has less than ninety (90) days to comply. Unit owner is a retired pensioner and adds that she does not have the money and asks designated Speaker Perez about options (His recalled answer is mentioned above).

[@nobiden3134]

Giant human cages... NO THANKS

[@JoseVasquez-wt6gl]

Great analysis of the condo crisis.

[@stevennpitt]

Florida. particularly Miami-Dade, is 'effed. Unless you are super rich (i.e. have a basket of washed money here in MIA), ya got no chance at long-term ownership of anything but a place in the hood.

[@mikecohen2400]

The is a Cascade, a bad effects: 1. Start with the age of the buildings, and the required engineering study. 2. Florida weather, and environment, read that as the affects of sun, and salt water on the buildings. 3. Bad Condo, and Coop governance, lack of maintenance, low condo fees, low building reserves. 4. The massive insurance crisis in South Florida. 5. The fallout from both Hurricane loses, and the the Miami building collapse.

[@hideoussails1783]

Termites and mold 🐜

[@AwakenedOne447]

It’s ALL a game. THEY own it ALL.

[@lisalaufenberg6002]

Hmmm….I don’t know anything, but this seems similar to all of a sudden golf courses and hotels being built in our state parks, so much is a secret around here. I think the developers and their cash rule Florida. In Manatee County all the county commissioners that were bought by developers did not survive our recent primary recently. The people over here suffered awful flooding during Debby and are tired of the developers getting their way and not building responsibly.

[@AwakenedOne447]

Unless you voted in folks who a, are not lawyers, and b, are fresh into the political sphere, they’re bought.

[@beloved-child]

THEYRE MAKING GOLF COURSES IN STATE PARKS?! isnt this illegal?

[@lisalaufenberg6002]

@@beloved-child thank you for your question. Recently in Florida we received the news that the governor had a plan to build golf courses, pickle ball courts and hotels in 9 of our state parks. Initially the public was going to have a limited time to react to this news and weigh in on this plan, very limited, I think I read a 1 hour meeting held in several different locations in the state, held at the same time. But, there was such an immediate backlash, including our 2 Republican Senators writing a joint letter to Governor DeSantis. I think the plan has been tabled for now, but would not doubt if it will arise again. Developers are king in Florida, they spend a lot of time with our governor, playing a lot of golf together. They spend big money backing candidates for local offices so they end up getting their way in clearing land, filling in wetlands to build homes. My area felt the results of this during Debby’s visit with many communities being flooded, areas that have never flooded before. That happened right before the primary and all the sitting county commissioners lost their primary election, now we can watch if and how long it takes for our new slate of commissioners to feel the pull of the developers. As for illegal, it would be nice if our public land was untouchable, we seem to think it is, until some politician either at state or federal level feel it is their land to develop or drill for oil. These issues arise at our national parks too, although I have never heard of a president deciding to build golf courses at a national parks. Florida has very sensitive ecosystems and hold a diverse set of flora and fauna, a golf course and hotel development, with all the pavement, infrastructure, chemicals to maintain the golf course, traffic and people would surely destruct the area and the life it maintains. Again, thank you for asking, that is why we need to be up on the news and what our politicians are doing and vote on what they stand for and not because our family always vote for a R or a D.

[@FourthDimensionalHillBilly]

I am an appraiser in Maryland for the last 22 years. Some condominiums I’ve seen I didn’t want to enter the building while others mostly in rich areas like Bethesda, and Chevy Chase are pristine.

[@chicagoresident973]

Never buy a condo or town home. Your home is dependent on everyone connected to you's financial condition

[@chicagoresident973]

@@1969bones69 exactly 💯. And it's not a big deal to hire lawn snow whatever's needed without paying the HOA employee salaries etc. Totally agree

[@eliot5220]

@@chicagoresident973yep. I’ve always said the whole condo concept was only good for the developers. After they sell it to you and get their money they’re out and you’re stuck with a money pit. Now the convenience that they were looking for is costing them more than a nice detached house.

[@chicagoresident973]

@@eliot5220 absolutely true, thank you

[@petermendoza1170]

HOA is the CATCH! If you're building with HOA,don't walk, RUN!

[@Spaethon]

What's tragic yet hilarious is that these property developers will buy old three-story complexes and construct 25-story high rises, but they forgot one glaring obvious problem... The American people are out of money! Who the hell is going to buy these brand new condos on the beach?! Have they not paid attention to new construction in Florida? It's 2007 all over again. Entire neighborhoods are half-built and abandoned. They can't sell new construction houses down here, not even with 4% interest. They are going to build these giant beautiful high-rises which might sell 10% of the units if they're lucky, and these companies will probably go bankrupt too.

[@doe729]

Rich foreigners

[@EmilyFoxSeaton]

Rich from other countries.

[@deedeewinfrey3181]

I have a condo in Durango Colorado, and the hoa fees double from 1300 to 2600 in a matter of six months. Insurance is the biggest problem. For our complex, it went from 100,000 to one million a year. I'm renting mine full-time just to cover the fees and the 10,000 assessment this year alone. Now theres dozens of units for sale, and they've been on the market for over 100 days.

[@lindabuck2777]

I am currently living in a condo, one story, renting for 11 years. The condo behind me was gutted and redone for asbestos😱. We SHARE A WALL! We have no savings to move. We’ve been stuck due to our rent doubling so working to pay rent. Little money for NECCESSITIES much less wants. It’s now beyond struggle for so many. Our hoa I ignore most the time. Property mgmt only email us, not too concerned we can tell they’re laughing or saying oh brother🤦‍♀️it’s wrong shade of blue🤔🙏🏻

[@hammertyme8392]

Keep renting. You're lucky

[@mustangecoboosthpp3869]

Many of these condos were built from drug money in the late 60's and 70's, the building codes were almost non existent and city and county inspectors were easy to bribe and ignore substandard practices.