South Florida condo owners facing crushing assessments

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CBS Miami

CBS Miami

Күн бұрын

Пікірлер: 552
@jihanjude6634
@jihanjude6634 4 ай бұрын
The lack of oversight of condo associations for decades led to this. Condos were not making the improvements all along the way and now this is happening all at once. Sad.
@l.j.r.8448
@l.j.r.8448 4 ай бұрын
Good ole lack of regulation.
@Landshark2020
@Landshark2020 4 ай бұрын
Absolutely 👍
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
@@l.j.r.8448 Every structure, no matter how grand or impressive, eventually needs serious maintenance. I mean, is that really so hard to grasp? Apparently, some folks think things like seawalls, electrical systems, plumbing, and A/C units magically maintain themselves. Well, they're about to get a very pricey crash course in reality. Others? They conveniently ignored it all to squeeze some extra profit out of their real estate ventures. Guess what? They're in for some harsh consequences too. Just wait until the lawsuits start flooding the courts. Even before 2021, condo associations had rules for major maintenance. These were laid out in documents like declarations, bylaws, or association rules, outlining who’s responsible for upkeep, how repairs should be scheduled, and how the costs would be covered-usually with reserve funds or special assessments. But of course, it took the 2021 Surfside condo collapse for everyone to finally pay attention, sparking reforms and tougher requirements in certain places. Funny how it takes a disaster for common sense to kick in. Maybe they should try this radical concept called 'taking responsibility.' They're just getting exactly what they worked so hard to ignore.
@emmany5302
@emmany5302 4 ай бұрын
The crisis is the result of too little regulation/deregulation.
@l.j.r.8448
@l.j.r.8448 4 ай бұрын
@@emmany5302 I agree.
@gdcapra
@gdcapra 4 ай бұрын
No matter what government does, the condo market has been poisoned and the word is out that these places are in poor shape. They will have a lot of problems selling the units….even if they change the laws.
@NalaRichenbach
@NalaRichenbach 4 ай бұрын
AND, even if they drop the prices on the condos these people are trying to sell... to avoid the assessment... STILL nobody wants them. More and more people being added to the homeless ranks every day in this overly expensive country we live in.
@jasoncrandall73
@jasoncrandall73 4 ай бұрын
Not all condos are in bad shape. The law puts all the good & the bad into the same pile. Imagine the state passing a law requiring all homeowners to have money to replace roofs, HVACs, windows, doors, siding/stucco, repairing walls into a money account at the start of every hurricane season.
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
@@jasoncrandall73 While it's true not all condos are in bad shape, laws like this are designed to prevent future disasters, not just react to current issues. Just because some buildings are well-maintained doesn’t mean others aren’t ticking time bombs. If the law doesn’t apply across the board, it’s impossible to ensure uniform safety standards. It may feel excessive, but it’s about managing risk for everyone, especially in a state prone to hurricanes. The scenario you describe-requiring homeowners to save for potential disasters-actually sounds pretty smart in a place where storm damage is inevitable. Prevention is always cheaper and safer than cleanup after the fact.
@jasoncrandall73
@jasoncrandall73 4 ай бұрын
@aerospacesystems8658 Then the law should accommodate for both the good & the bad. It does not currently.
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
​@@jasoncrandall73 It does. If a building meets all the required construction standards, then there is no mandatory obligation to provide additional maintenance. Compliance with these standards ensures that the building is safe and structurally sound, and therefore, regular maintenance is not legally required.
@bobblacka918
@bobblacka918 4 ай бұрын
I was going to buy a condo in Florida about 15 years ago. When I toured the building, I noticed places where the concrete was chipped away and you could see that the metal rebar was all rusty underneath. I decided no thanks. I knew that would eventually be an expensive repair.
@windsofmarchjourneyperrytr2823
@windsofmarchjourneyperrytr2823 3 ай бұрын
And water will intrude again, within 5-10 years, according to Building Integrity
@SrJackquito
@SrJackquito 4 ай бұрын
This is not a government matter… the owners of these condos and their associations did not want to do the basic maintenance over time or not funding a decent reserve needed to tackle future issues. The original condo owners did what the senior politicians have done with Social Security. The issues were kicked down to other generations and now the new generation has to pay.
@evanetter
@evanetter 4 ай бұрын
Yup
@longsleevethong1457
@longsleevethong1457 4 ай бұрын
This is probably the best explanation.
@gloryBE-o1w
@gloryBE-o1w 4 ай бұрын
what about the condo owners that suffered in recent years FIXING AND PAYING HIGH ASSESSMENTS, every month and still be bothered with this nightmare , it doesn't stop
@SrJackquito
@SrJackquito 4 ай бұрын
@@gloryBE-o1w when you live inside an HOA of condominium associations, it is your responsibility to know what is happening. No one wants to pay more, and especially if you tell them it is for future maintenance that may be years away…
@AFAskygoddess
@AFAskygoddess 4 ай бұрын
I'm a Florida HOA board member. Your comment is 100% correct. You are only hearing about the irresponsible HOAs. There are plenty of HOAs that did maintain their properties responsibly and have a significant reserve fund. But those condos aren't "newsworthy".
@MichaelBrown-ny3et
@MichaelBrown-ny3et 4 ай бұрын
Too late. It’s going to be ugly. You won’t be able to give a condo away soon.
@Chicago48
@Chicago48 4 ай бұрын
Donald should open his pocketbook and help.
@donleavell
@donleavell 4 ай бұрын
I figured it was either Trump or Putin. Thanks for clearing that up
@countbenjamin1442
@countbenjamin1442 4 ай бұрын
The state for years counted low living cost and things of that nature. Then a disaster happened. They got caught with their pants down and now they're paying the price. It's something Florida's going to have to deal with so they probably should take a few years of economic condo turmoil and get it fixed
@guyz7777
@guyz7777 4 ай бұрын
Or harris?
@longsleevethong1457
@longsleevethong1457 4 ай бұрын
@@Chicago48an old black sickle celled woman from Chicago wanting an old white mans money should be no shocker to anyone….
@utrinqueparatusman
@utrinqueparatusman 4 ай бұрын
Why should taxpayers help. Nobody is helping me with my new roof Citizens insurance say I need when I know it has many years left on it!
@bradfordjhart
@bradfordjhart 4 ай бұрын
But you're a smart person doing the right thing. What about all the stupid people who have done the wrong thing? Who's going to pay for their mistakes? They can't!
@jackwilson3121
@jackwilson3121 4 ай бұрын
This is a condo owner problem only.
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
​@@bradfordjhart I get what you're saying, and I sympathize with the responsible condo owners. However, while it's frustrating that responsible people might feel punished alongside those who were careless, ignoring the problem could lead again to a human catastrophe of massive proportions. That said, while it's frustrating that responsible people might feel punished alongside those who were careless, ignoring the problem doesn’t make it go away." If we don’t implement rules to address widespread negligence, everyone ends up paying the price-sometimes in much worse ways, like catastrophic failures or disasters. The cost of prevention might feel unfair, but it's a lot less than what we'd all pay if we let these issues fester. Ultimately, the goal is to protect everyone, even if that means some people have to cover for the mistakes of others. 98 people died in the collapse of the Champlain Towers South condominium in Surfside, Florida. We can't let this happen again. That’s just the reality of shared spaces and communities.
@deniecedavis-xh2ik
@deniecedavis-xh2ik Ай бұрын
@@aerospacesystems8658this same argument can be made about many, many public welfare initiatives like social security and disability and yet we keep getting told that these programs need to be cut and oh well to the people negatively impacted. If we aren’t helping the homeless or helping the disabled and elderly then we certainly shouldn’t do much for these people.
@aerospacesystems8658
@aerospacesystems8658 Ай бұрын
​@@deniecedavis-xh2ikYou have no idea how perfectly timed your comment was-it feels almost serendipitous. It’s moments like these that make me believe in the existence of destiny and a greater purpose guiding our lives. Yes David, I agree with you. I mean, I wasn’t planning any of this, but spontaneously, as a family, we decided to give away some of the things we were not using at home. Last week, we went to a homeless area, met with the people there, and when I spoke with them and listened to their struggles and the horrible conditions in which they live, I couldn’t help but feel disheartened, sad, and deeply disturbed. I met all kinds of people-from those living in total poverty and misery to even educated individuals with low-paying jobs who still couldn’t afford housing. it’s undeniable that our citizens in distress-whether they are the poor, the homeless, or victims of disasters-deserve immediate and unwavering support. Yet, we find ourselves allocating substantial funds and resources to assist illegal immigrants while our own people continue to struggle. This imbalance in priorities has created a glaring injustice and is, frankly, disheartening. While it’s easy to point fingers, much of the responsibility does lie with the Democrats, who have championed policies that overlook the needs of American citizens while prioritizing assistance for illegal immigrants-something I find unacceptable, unpatriotic, irrational, and highly reprehensible. However, let’s not ignore the inconvenient truth: Republicans have also failed to take meaningful action. Their inaction and lack of accountability have only perpetuated the problem. The time for excuses is over. Both parties need to stop playing politics and start delivering real solutions. Enough is enough-our people deserve better than to be left behind in their own country. For those who are reading my comment. I urge you to take a moment to reflect on the importance of helping those in need. While any day is a good day to extend a hand of kindness, Thanksgiving offers a particularly meaningful opportunity to do so. This holiday is about gratitude, and what better way to express that than by making a difference in the lives of the destitute, the homeless, and those who are struggling? I implore all of you consider donating food, clothing, or essential supplies, volunteering at a shelter, or simply offering a kind word to someone who needs it. These small acts of compassion can bring immense relief and remind those in hardship that they are not forgotten. Let this Thanksgiving be not just a celebration of abundance but a chance to share that abundance with others. Together, we can help restore hope and dignity to those who need it most. Happy thanks giving to all of you!
@CO-OPNEWS-wn9us
@CO-OPNEWS-wn9us 4 ай бұрын
They didn't pay when they should of now it's time
@NalaRichenbach
@NalaRichenbach 4 ай бұрын
Now, they're trying to sell these condos, but nobody wants them. After that condo collapsed two years ago in south Florida, unaliving all those people... nobody wants a condo in Florida. I don't blame people.
@andreac3362
@andreac3362 4 ай бұрын
should have or should've
@CO-OPNEWS-wn9us
@CO-OPNEWS-wn9us 4 ай бұрын
@@NalaRichenbach they should have sold them when they first heard about the new law they might have had a chance. Maybe they were thinking of a last minute reprieve
@7u868
@7u868 3 ай бұрын
Should have .... Not should OF 🙈
@fdm2155
@fdm2155 3 ай бұрын
It is shameful that govt ignored these issues for decades allowing obvious structural problems to compound.
@MM-wi5dn
@MM-wi5dn 4 ай бұрын
Florida was too cheap for too long. It was false on many fronts. Now the piper is calling.
@RemboUSMC
@RemboUSMC 4 ай бұрын
The reality of the situation is that older condos kept kicking the can down the road and just did caulking and painting. It would not cost them a lot of money if they did not have structural defects that were required to be fixed. Now they can't ignore them anymore.
@NalaRichenbach
@NalaRichenbach 4 ай бұрын
@@user-qr7ee2cp4y Florida was a democratic state for many years.
@NalaRichenbach
@NalaRichenbach 4 ай бұрын
@@user-qr7ee2cp4y Yes, because Republicans love money.. your money... my money... your neighbor's money... everyone's money. Democrats love our money too... let's be fair. However, Florida has become as expensive as New York. You get very little for your money in Florida but I'm not sure whose fault that actually is. BUT, Republicans LOVE to take away our freedoms and regulate the living heck out of us for more money. Look up the Florida statues, real estate laws. With all the regulations they place on sales agents and broker's agents... I don't know how those people, in real estate, can possibly earn a living in Florida. They are regulated into the poverty zone. It's unbelievable.
@pkal244
@pkal244 3 ай бұрын
​@@NalaRichenbachnice deflection. Florida has had a string of all republican governors for the past 25+ years. Poor financial mismanagement like other poor red states
@NalaRichenbach
@NalaRichenbach 3 ай бұрын
@@pkal244 Nope. Obummer's wife started the new math confusion and messed my kid's learning up. I had to re-teach him how to do math properly.. like how it's been done for centuries and we never had a problem with it. Some Brilliant scholar thought we were doing it all wrong for thousands of years.. turns out... THEY WERE WRONG! We've been doing math correctly all this time. how about that? I had to re-program how he did math. Ridiculous!
@xtrey19x
@xtrey19x 4 ай бұрын
Yes homes you buy need maintenance. Who would have thought?
@jeffschueler1182
@jeffschueler1182 4 ай бұрын
Pay me now or pay me later. Now it’s time to pay.
@AFAskygoddess
@AFAskygoddess 4 ай бұрын
100% true
@61zulu61
@61zulu61 4 ай бұрын
The greatest real estate robbery is taken place in Florida 😂 they didn't write a law about the old apartment complexes that are just as old as condos they get a pass because corporations already own them 😅
@jarvisaddison8560
@jarvisaddison8560 4 ай бұрын
Exactly
@luleska1
@luleska1 4 ай бұрын
Which ones?
@countbenjamin1442
@countbenjamin1442 4 ай бұрын
Yes, but when that building fails there's one corporation that has to pay all the cost. Not every single person who can no longer afford to live there and still own the cost even if they sell it
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
Florida has been a leader in addressing the issue of aging condominium buildings after the Surfside tragedy in 2021. Florida passed new laws requiring stricter inspection and maintenance standards, including structural integrity reserves something that many condo owners resent. Other states are exploring or considering similar measures but are behind Florida in implementing comprehensive legislation. Your claim that; "corporations already own them" is inacurate and incoherent. If corporations like BlackRock own condos, they would indeed be subject to the same Condo Homeowners Associations (HOA) laws, which may include reserve fund requirements and structural safety compliance. Corporate owners aren't exempt from these obligations, but they may choose to sell these properties if the regulatory burden becomes too costly.
@NalaRichenbach
@NalaRichenbach 4 ай бұрын
@@aerospacesystems8658 How many people had to die first before our leaders did anything... about 90 or so?
@Kaaaaammmm
@Kaaaaammmm 4 ай бұрын
I do not see how allowing HOA associations to not have to keep funds on hand is going to help. The maintenance costs are not going to decrease.
@sagapoetic8990
@sagapoetic8990 4 ай бұрын
HOA associations are not being monitored and the real condo owners need to be involved and make sure money is approved for the right projects AND being spent for those projects. This is the real issue.
@jihanjude6634
@jihanjude6634 4 ай бұрын
Condos have been a bad investment long before surfside bc lack of government oversight here in Florida. If the condos were doing what they needed to in the first place maybe they wouldn’t need to overhaul now.
@sagapoetic8990
@sagapoetic8990 4 ай бұрын
The voters need to vote and demand city officials represent them, not that corporations that run these condos. That is absolutely do-able with an organized citizenry, and change can result. Politicians still need our votes OR for us not to vote to keep in office. When 20% of Americans vote at the local level of government, you have to wonder how good our system could be if the other 80% of Americans got in the game.
@windsofmarchjourneyperrytr2823
@windsofmarchjourneyperrytr2823 3 ай бұрын
They just inspected it. As they did EVERY major fire I can think of. Right before it happened
@hejiranyc
@hejiranyc 4 ай бұрын
This is why I will only buy a co-op unit instead of a condo. Co-ops are self-managed and it is in the best interest of all shareholders to ensure the financial and physical health of the building. Luckily, my building, which is directly on the ocean, just passed its 60-year inspection and we just need a little extra to fund the reserves for elevator maintenance/replacement. My share is just $2K per year for the next 4 years, which is totally reasonable.
@TheZombieGAGA
@TheZombieGAGA 3 ай бұрын
😮
@sagapoetic8990
@sagapoetic8990 4 ай бұрын
Our property manager is a major corporation and they dominate our condo board, resulting in approvals for services we actual condo owners did not want nor see as priority. Investing in roofs was deemed lesser priority than renovating the corporate office, for example. Installing Amazon lockers -- also deemed a higher priority than rodent infestation abatement, with the company ignoring us owners. It's also problematic the company outvotes us and dominates our condo board --- for years the prior company hid that board members were actually company employees pulled from neighboring states where the company had offices until we condo owners outed them. Don't rush to judge to blame condo owners -- instead, look at who dominates the condo boards.
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
While it's unfortunate that a major corporation has dominated your condo board and made questionable priorities like office renovations and Amazon lockers over essential maintenance, that doesn’t absolve the condo owners entirely. Condo boards are supposed to represent the interests of the owners, and if there was such a disconnect for years, it raises questions about how involved or vigilant the owners were in the process. If the board members were company employees from out of state, it’s odd that this went unnoticed for so long. Ultimately, owners have the power to challenge and replace board members, push for transparency, or even take legal action if necessary. So while the property manager may have exploited their position, owners had a role in allowing that power to go unchecked for years. Responsibility doesn’t disappear just because a corporation takes advantage-it’s shared between those who wield power and those who let them.
@sagapoetic8990
@sagapoetic8990 4 ай бұрын
@@aerospacesystems8658 It's called corruption, yeah?
@karmasutra4774
@karmasutra4774 4 ай бұрын
Do not but anything over 2-3 stories in FL
@Staurcomb
@Staurcomb 4 ай бұрын
Good idea, considering everything is swampland that is bound to sink in
@gloryBE-o1w
@gloryBE-o1w 4 ай бұрын
too late .
@donleavell
@donleavell 4 ай бұрын
Ha ha ha ha ha ha No, it is not swampland and it will not sink.
@TommyTomTompkins
@TommyTomTompkins 4 ай бұрын
I know ppl in Florida feel bamboozled if they own a condo....
@bigboomer751
@bigboomer751 4 ай бұрын
they were too cheap to pay for repairs and upkeep and now its biting them ...
@gloryBE-o1w
@gloryBE-o1w 4 ай бұрын
@@bigboomer751 wrong , condo owners paid what was required of them , others did not do what was supposed to be done
@bigboomer751
@bigboomer751 4 ай бұрын
@@gloryBE-o1w condo owners are illegals
@windsofmarchjourneyperrytr2823
@windsofmarchjourneyperrytr2823 3 ай бұрын
​@@gloryBE-o1w if you spend 100k+ and don't ask for major repair reciepts, you almost are begging to be taken advantage of
@Landshark2020
@Landshark2020 4 ай бұрын
Hasn’t anyone in Florida ever heard of routine maintenance? And one other thing, Ron DeSantis is now begging for socialism. Oh the irony.
@0828-d4p
@0828-d4p 4 ай бұрын
He's woke!
@Landshark2020
@Landshark2020 4 ай бұрын
@@0828-d4p 😂
@KG-we6by
@KG-we6by 3 ай бұрын
I mean we do pay taxes right?
@jonasasplund1423
@jonasasplund1423 3 ай бұрын
@@KG-we6byFor fixing condos? Huh?!
@pkal244
@pkal244 3 ай бұрын
​@@jonasasplund1423seriously. I want your tax money to pay for the maintenance on my private ocean-view property. Give it to me now!
@pleiadesneptunes
@pleiadesneptunes 3 ай бұрын
how can this be resolved?? No investments for d e c a d e s - no wonder the sledge hammer now falls. you HAVE to make buildings safe - the truth is, Florida was artificially made seem affordable for many who cannot carry the cost. Friends of mine are selling up, because they do not WANT to pay huge amounts per year any longer, to preserve some money for their kids.
@gregorymckenna6609
@gregorymckenna6609 3 ай бұрын
Lawmakers should have dealt with this known catastrophe years ago. It makes no sense to put off repairs.
@HairHoFla
@HairHoFla 4 ай бұрын
When the salesman says "stucco" make sure its not you they're talking about
@mia1shooter
@mia1shooter 4 ай бұрын
We are talking about the exterior material
@HairHoFla
@HairHoFla 4 ай бұрын
@@mia1shooter can you say "metaphor"?
@mia1shooter
@mia1shooter 4 ай бұрын
@@HairHoFla can you say dumb metaphor...it still has to make sense
@HairHoFla
@HairHoFla 4 ай бұрын
@@mia1shooter wouldnt expect it would to you 😎
@mia1shooter
@mia1shooter 4 ай бұрын
@@HairHoFla yeah because i dont speak walmart
@dougcargill6730
@dougcargill6730 3 ай бұрын
You’re telling me that condo associations in FL don’t have to have reserves. That’s INSANE. I would never purchase a condo in FL without a well funded association.
@colonial6452
@colonial6452 3 ай бұрын
The HOAs are totally at fault here. They deferred maintenance for years and low-balled monthly fees to please owners and did not build their recommended reserves.
@mr.a.
@mr.a. 4 ай бұрын
Please don’t allow the government to step in. Let the market for condos crash. We pay enough in taxes. The HOA is responsible. Not the taxpayers
@johnd9031
@johnd9031 3 ай бұрын
Financing the assessments to monthly payments might help with low interest loans.
@MS-ty8eq
@MS-ty8eq 4 ай бұрын
Make them PAY. These condo owners have been kicking the can down the road for 40 years. They want to live right on the water but they don't want to pay for it. Pay up or get out.
@luleska1
@luleska1 4 ай бұрын
Lol you are delusional.... this is not just for condo's "on the water" is for condos in general
@orangefield3171
@orangefield3171 3 ай бұрын
His comment is still correct. If allowed by a weak board or a board that has the attitude of the next generation of owners can handle it; owners eventually have to deal with condo buildings in terrible shape or unsafe. So now it’s time to pay to stay.
@divinee.155
@divinee.155 4 ай бұрын
Condos are for idiots - only fools borrow money
@donleavell
@donleavell 4 ай бұрын
And this issue does not apply to every condo in Florida. Some of the buildings are old and rusted out and falling apart. That does not apply to all of the buildings, obviously, anymore than the other buildings in Florida.
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
While it's true not all condos are in bad shape, laws like this are designed to prevent future disasters, not just react to current issues. Just because some buildings are well-maintained doesn’t mean others aren’t ticking time bombs. If the law doesn’t apply across the board, it’s impossible to ensure uniform safety standards. It may feel excessive, but it’s about managing risk for everyone, especially in a state prone to hurricanes. The scenario you describe-requiring homeowners to save for potential disasters-actually sounds pretty smart in a place where storm damage is inevitable. Prevention is always cheaper and safer than cleanup after the fact.
@byronkacheris5781
@byronkacheris5781 4 ай бұрын
Read our HOA docs before you sign
@omegaman1409
@omegaman1409 4 ай бұрын
One must be out of mind to get into a condo. The condo market is pretty much done.
@windsofmarchjourneyperrytr2823
@windsofmarchjourneyperrytr2823 3 ай бұрын
Except people will always have to live somewhere and they're cheaper. I disagree.
@Keyer-bn3dp
@Keyer-bn3dp 3 ай бұрын
If you want to live ocean or bay front, you need millions… or else it’s a condo
@Bjax111
@Bjax111 3 ай бұрын
Cheap construction and decades of neglect. Plus pretty rough environment. Eventually they have to pay.
@therealmishkin
@therealmishkin 4 ай бұрын
It’s a way to push out seniors on fixed income and have the wealthy move in instead.
@jasonsmith530
@jasonsmith530 4 ай бұрын
My condolences to condos
@Chicago48
@Chicago48 4 ай бұрын
With all the wealth in Florida you would think the FLA Govt would levy a tax on the wealthy to share with those who cannot afford the HOA fees.
@longsleevethong1457
@longsleevethong1457 4 ай бұрын
@@Chicago48you are a clown.
@longsleevethong1457
@longsleevethong1457 4 ай бұрын
@@Chicago48you have no idea what you are talking about. You are a double down of the archetypal myopic black female.
@Lazy436
@Lazy436 3 ай бұрын
Association every year raises the cost, houses too, every people who live in association have a problem with that
@bluffem
@bluffem 3 ай бұрын
They will be vacated, razed, and replaced with more expensive properties with wealthier tenants. 100%
@CraigPrickett
@CraigPrickett 4 ай бұрын
For years condo owners were not setting aside proper reserves. They saved that money and that savings compounded in stock market. They have the money to catch up. pay it to do right thing. If you didn’t save that money but instead waste it on starbucks lattes well that behavior is why you find yourself feeling you can’t afford.
@TomikaKelly
@TomikaKelly 3 ай бұрын
NO NUMBER of lattes led to this.
@countbenjamin1442
@countbenjamin1442 4 ай бұрын
Well you can delay the inspection and the fully funding requirement...but that will just push it down the line and future buyers wont want to buy knowing its coming along. How did he not see this coming?
@jasons2562
@jasons2562 3 ай бұрын
why werent these buildings being maintained and inspected properly with good reserve funds.... by the property managers and board members? Its common sense if taking care of a building
@emmany5302
@emmany5302 4 ай бұрын
It is their own fault for having voted not to maintain their buildings properly to keep the monthly fees down.
@coreylucas5997
@coreylucas5997 3 ай бұрын
Hate this state cost of living ,pour living conditions all talk no action, I’m saving up and saying goodbye for good Real soon
@luleska1
@luleska1 4 ай бұрын
Yeah right Condo Board Members "under funded" their condo fees to keep them low.... more like they've been stealing and hiring their family members to do work on these buildings 🙄😒
@JohnSmith-k1x
@JohnSmith-k1x 4 ай бұрын
If you own a condo and your special assessment is 100k and you already know that this special assessment has to be done every 10 years. So you find a way to pay for this years 100k assessment and in ten years you will get another assessment maybe 70k Common sense would dictate that you take your 100k assessment fee and just leave or go on vacation to a state you like and buy a property there before your condo is foreclosed on. The state of Florida is only for the rich now. what do you think. ??? Thanks
@jameswaters3939
@jameswaters3939 4 ай бұрын
DeSantis ... you mighta thought about vetoing the legislation? Good luck in undoing this unforced error.
@x-men69-96
@x-men69-96 4 ай бұрын
2:49 It’s Democrat actually
@bobroberts2217
@bobroberts2217 4 ай бұрын
75% controlled Republican legislation with a Republican Gov that passed as State law. Yep sure sounds like it’s the democrats fault
@donleavell
@donleavell 4 ай бұрын
Thank you.
@countbenjamin1442
@countbenjamin1442 4 ай бұрын
​@@x-men69-96it was one Democratic law maker. That doesn't mean it's just Democrats or just Republican. Democrats couldn't get those laws passed in GOP controlled Florida...so it's both.
@x-men69-96
@x-men69-96 4 ай бұрын
@countbenjamin1442 yeah, but who is the leader of this stupid bill? Watch the video again
@Jack-russell103
@Jack-russell103 4 ай бұрын
dade county has a special zero% loan program to help condo owners pay for these assessments...im not seeing much coverage about that
@T.Homme95
@T.Homme95 4 ай бұрын
That cost shouldn’t be paid by the tenants period
@luleska1
@luleska1 4 ай бұрын
Ummm interesting... didnt know about this, ill look it up
@countbenjamin1442
@countbenjamin1442 4 ай бұрын
​@@T.Homme95 who should pay it? Don't forget as a condo owner you own the building as a collective group. Your unit is responsible for a percentage of the cost as outlined by your deed.
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
Oh, so in your expert opinion, taxpayers should just eagerly foot the bill and shoulder all the risks because the Condo Owners Association couldn't be bothered to do their job? Brilliant! And while you're at it, why don't you enlighten us with the exact amount of public funds we should set aside for your financially genius yet entirely unrealistic project? Can't wait to hear that number!
@Jack-russell103
@Jack-russell103 4 ай бұрын
@@aerospacesystems8658 who are you talking to?
@aldon78
@aldon78 4 ай бұрын
It is unbelievable what is going on in South Florida, I think it has been on purpose to dri e people out of here! the same as house and rents
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
This issue extends far beyond South Florida. The entire state of Florida faces challenges with aging infrastructure, and the enforcement of stricter safety regulations. Skipping out on safety inspections and maintenance wasn't just a localized problem; it was a state-wide concern.
@vanessamonster5038
@vanessamonster5038 3 ай бұрын
Part of the process of homebuying involves an engineer to inspect the building. If there are issues it effects the property's mortgageability, insurance and value...the same needs to be true for condos. Instead, the developers throw them up cheaply and the owners skip any kind of building maintenance
@elihubildad6677
@elihubildad6677 3 ай бұрын
Looks like they have a hard choice down there between being safe and expensive or unsafe and cheap.
@jaydstewart
@jaydstewart 4 ай бұрын
I fail to see how decades of mismanagement by condo associations and failure to actively maintain their properties constitutes an emergency for the greater public, at this point. This energy should be spent tackling the windstorm and homeowners insurance debacle plaguing the state! The average Floridian has seen a 300% increase in their homeowner's premiums over the past 5 years and there has been little, if any, action taken in Tallahassee to address this...
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
The tragedy at Champlain Towers South serves as a stark reminder of the importance of proper safety regulations and structural inspections in condos. Sure, skyrocketing home insurance rates are a serious issue that needs to be taken care of, but it doesn't excuse neglecting safety measures that prevent disasters like this from happening. I don't know where you got your prioratizing approach but it doesn't make sense. In the real world, prioritizing safety is non-negotiable, no matter the financial hurdles. The tragedy at Champlain Towers South was a devastating wake-up call about what happens when safety is neglected. Ignoring it in favor of cost-cutting measures? That's playing with lives
@SoCalFreelance
@SoCalFreelance 3 ай бұрын
Old Miami condos are a deathtrap
@lindabuck2777
@lindabuck2777 4 ай бұрын
I rent in a condo now in the OTHER retirement state, Arizona. Same things starting up here. My neighbors own and we hear about hoa fees they can’t afford going up. And not to belittle anyone as I too am on a fixed income, but it’s only $100 dollars. Condos are just a fancy word for apartments! Whenever apartment complex’s get old they generally sell them. Next person buying fixes minimum things makes em look new slap a sign up-NEWLY REMODELED free rent YADA YADA. We havnt been able to save but we’re workin it now to do so. 🙏🏻🤔
@savagecub
@savagecub 4 ай бұрын
So what’s he gonna do ??? If your grandma is hit with a 85k assessment and she can’t pay it is Ronnie gonna cover that for her ?????
@orangefield3171
@orangefield3171 3 ай бұрын
Nope Granny is SOL now. Probably shouldn’t have voted against all the maintenance over the past years.
@savagecub
@savagecub 3 ай бұрын
@@orangefield3171 In many cases the boards feared unpopularity so there were no votes about that. It’s just a sudden surprise now when they conduct the newly required inspections and BOOM ……..”That’ll be 180k per unit”.
@redbaron6805
@redbaron6805 4 ай бұрын
Don't worry people. Meatball Ron is strapping on his White boots and will address this once he bans a few more books and files another lawsuit against Mickey Mouse...
@x-men69-96
@x-men69-96 4 ай бұрын
It's Democrat who is putting the bill. GOVERNOR doesn't make laws
@ralphpal
@ralphpal 3 ай бұрын
What do you want him to do
@sevenfights
@sevenfights 4 ай бұрын
It's almost as if.... regulations were needed.... years ago..... right, regulations are bad.....
@7_Hertz84
@7_Hertz84 4 ай бұрын
Ever since that one condo building fell apart they all started falling apart....
@CoolHand273
@CoolHand273 4 ай бұрын
I see a cottage industry where banks loan the condo association the money against the land value so the owners can make payments over time instead of having to come up with tens of thousands of dollars at once. I don't believe in condos because what they charge is way more than it would cost to do things yourself. Of course you are not allowed to do anything yourself and you probably couldn't anyway in most complexes.
@dennisboc3217
@dennisboc3217 16 күн бұрын
Such an important topic, and it’s surprising that so few people are asking where the money collected by HOAs every month is actually going. These are significant amounts, yet, as experience shows, building maintenance and repairs are often either neglected or done at the bare minimum. I’ve personally attended board of directors meetings and witnessed how irresponsibly and inefficiently funds are allocated. It’s obvious that many HOA companies sign contracts with contractors who offer inflated prices and then receive kickbacks. This is a systemic issue that has been ignored for years. Why is no one investigating where this money is going? Why is there no accountability for such actions? I believe it’s time to address this issue seriously and demand transparency from HOAs in how they spend residents’ funds. What do you think needs to be done to change this? Who is going to protect and defend that poor condo owners ???
@DrewRueDoo
@DrewRueDoo 3 ай бұрын
This is what happens when you're reactive and not proactive.
@ft9kop
@ft9kop 4 ай бұрын
The condos should have been charging adequate fees to save up enough for all maintenance and incidental repairs the first day the units were selling. Now the government is saving them from their own irresponsibilities
@TomikaKelly
@TomikaKelly 3 ай бұрын
😮 Condos were never a sustainable home ownership plan to begin with. The markwt was bound to implode.
@johnnycastagneto8858
@johnnycastagneto8858 4 ай бұрын
It might be a done deal. Most, not all, but most of those buildings or high risers are sitting half empty anyways.
@dottiec8002
@dottiec8002 3 ай бұрын
Keep voting democrat!
@cheezybred
@cheezybred 4 ай бұрын
Thank desantis for this crisis
@jeffdunnell6693
@jeffdunnell6693 4 ай бұрын
Yea,blame him for your own stupidity.
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
Oh, so in your fantasy world, Desantis is to blame for the Condo Owner Associations' three decades of procrastination? Maybe in your fantasy world, Desantis is also to blame for every crime ever committed-after all, it’s only logical, CRIMINALS MATTER, LET'S DEFUND THE POLICE, right?
@jbar_85
@jbar_85 4 ай бұрын
God finally he spoke up.
@Andy-kw5nw
@Andy-kw5nw 4 ай бұрын
Get out of here you people that got a steel of a deal in 2011……………………..that’s what it’s really all about. Even back then they needed to be upgraded or renovated.
@Big-n3i
@Big-n3i 4 ай бұрын
Lol uhh there’s nothing but condos in the Miami city because there’s no space to build anywhere but up! That place is pack like a can of sardines as is!
@Roonertooerrands
@Roonertooerrands 4 ай бұрын
Thoughts and prayers 😢
@bmanagement4657
@bmanagement4657 4 ай бұрын
You going to rebuild condos with tax money, ron??
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
No, as expected from any governor, DeSantis is trying to mitigate the impact of the condo laws enacted after the 2021 Surfside tragedy, particularly those mandating stricter inspections, structural evaluations, and reserve funds for repairs. These laws have led to costly special assessments for condo owners, aimed at ensuring safety but often forcing some to sell their units due to financial strain. DeSantis’ ability to delay or roll back these regulations is extremely limited due to the critical nature of the safety concerns they address. Any attempt to extend deadlines or loosen requirements could expose the state to significant liability, especially if another disaster were to occur​ And about your sarcastic suggestion of using tax dollars to rebuild condos? That’s not happening. Not only is it financially impractical, but the current Florida government can’t be held accountable for years of deferred maintenance by Condo Homeowner Associations. Those problems didn’t pop up overnight.
@miamilifestylerealestate
@miamilifestylerealestate 4 ай бұрын
If nothing is going to be done about this pressing matter. The real estate market is going to a fully collapse, it is already happening people are selling their homes because of it.
@Newlinjim
@Newlinjim 3 ай бұрын
‘Selling their homes’ suggests someone is buying them.
@windsofmarchjourneyperrytr2823
@windsofmarchjourneyperrytr2823 3 ай бұрын
Nope, people will always have to live somewhere. People can't afford a house at this interest rate and what's out there is overpriced junk now. But still paying high interest. This time it'll be college scam loans (all of them) and unsecured debt. Watch.
@marcedwards7110
@marcedwards7110 3 ай бұрын
If the residents are foreclosed upon does that mean the banks will have to ante up the assessment that couldn’t be paid by the owners?
@danmcclaren5436
@danmcclaren5436 3 ай бұрын
what does this have to do with the government?
@ronnyron4651
@ronnyron4651 4 ай бұрын
😂😂 99 percent of those people who live downtown in them condos walk around like they are better then people pay up 😂😂😂😂
@lazarotejera342
@lazarotejera342 4 ай бұрын
Why is Desantis doing this meeting in Miami Lakes, there’s only about 4 condo buildings in this city!! This is a town with a 95% house and Townhouse footprint. This meeting should be taking place in Miami Beach or Brikell.
@Zindo.Majesty.HisMajesty
@Zindo.Majesty.HisMajesty 3 ай бұрын
Salt, wind and rain will destroy concrete.
@Mrrossj01
@Mrrossj01 3 ай бұрын
The FHA has a list of buildings with deferred maintenance. They may not back loans. Already happened in SF on a condo building. Price cut in half.
@greghong5010
@greghong5010 3 ай бұрын
I imagine sharp attorneys on behalf of current owners will sue previous owners and boards of directors for malfeasance, dereliction of duty, and for big retro money to now cure what had been deliberately neglected over the years. Previous owners of South Florida condos should be very concerned now. Being outside the State of Florida will be of little help if it becomes a Federal case.
@oneone9884
@oneone9884 3 ай бұрын
Safe condo equal money. Why does government need to find a solution for this. People knew their fees were way too low and maintenance wasn’t being done.
@menottu
@menottu 4 ай бұрын
What about all the hotels; r they immune to these inspections? If so, WHY? Some of them, like miami, are 25-30+ stories high. What about that?
@jsundberg5542
@jsundberg5542 4 ай бұрын
and another building collapses they're gonna be crying and suing!
@deanlautermilch9336
@deanlautermilch9336 3 ай бұрын
The damage was done decades ago when Florida allowed condo boards to skip on repairs. There is no way to fix this with the pen. One by one the condo owners will be pushed out and one day made the decision that an apartment is a lot more affordable and let the condo go into foreclosure.
@4Marktk
@4Marktk 4 ай бұрын
Ron's back from Tel Aviv ? Got his orders ?
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
Oh, it’s so much better tham returingn from Cuba only to get orders from your communist comrade. What a delightful choice!
@edbern7387
@edbern7387 4 ай бұрын
Don't worry DeSantos will have his corporate friends buy your condo...
@aerospacesystems8658
@aerospacesystems8658 4 ай бұрын
We're facing a dire humanitarian crisis, the direct result of 30 years of neglected maintenance and mismanagement. Despite our best efforts to manage the fallout, the situation is already beyond overwhelming. Now, more than ever, it's crucial for us to unite and tackle this crisis with a collective resolve. What we absolutely don't need are political opportunists-whether Democrats or Republicans-descending on this disaster to capitalize on the chaos for their own agendas. Their actions only serve to stoke tensions rather than contribute any constructive solutions. For the sake of those on the verge of losing everything, please stop interfering and exacerbating the situation. Show some respect, step back, and let those who are genuinely committed to resolving this crisis take charge.
@roberthawxhurst3717
@roberthawxhurst3717 3 ай бұрын
How risky is the degradation of concrete structures as to safety --- the safety standards are very strong.
@Lazy436
@Lazy436 3 ай бұрын
The associations not only of condos but also of houses, even in times of pandemic where I live, increased almost double, making businesses closed and without work.
@algernon5776
@algernon5776 4 ай бұрын
Ronnie boy feeling the heat lol lol. Surprised he didn't say he knew nothing about this just like the golf course builds for his rich buddies
@brandingforces
@brandingforces 3 ай бұрын
Sue the old HOA presidents and board members for the negligence.
@Smart-Towel-RG-400
@Smart-Towel-RG-400 Күн бұрын
2:16 the laws didnt the actions or i guess inactions of condo boards made lawmakers need to make the laws is what caused this....if they didnt probly would see more Surfside cuz if there isnt a law making them do it condo owners will just vote down everything and nothing will be fixed
@davidnunez8777
@davidnunez8777 Ай бұрын
Thank God this law for condos doesn't affect commercial buildings that are over 30 years old? It must be that the concrete and other building materials used on buildings, other than condos, are special and won't get affected like condo buildings. Could you imagine businesses and corporations having the issues that condo owners now have?
@Eag757
@Eag757 3 ай бұрын
HOA have been mismanaged and stealing monthly fees. Audit these Administrations.
@Mrrossj01
@Mrrossj01 3 ай бұрын
Descant is. Delaying the fix does not change the problem. Delayed maintenance and repairs. Still waiting.
@javacup912
@javacup912 3 ай бұрын
Associations keeping the cost down and fattering their pockets. Now, well it's too late. No one thought buildings near salt water and often heavy rain were going to last forever? When concrete cracks and reveals the rebars, it's a serious issue because rebar is not installed near the surface of the concrete, but around the middle of the structure. Glad I never got a condo, but a single family home.
@juanacastillo7154
@juanacastillo7154 4 ай бұрын
BOD need to be Audit in addition to the New Law. STOP CORRUPTION 🇺🇸👍👍Thank you Desantis. ⚖️
@mencken8
@mencken8 3 ай бұрын
This is the worm in Privatopia*. CIDs (Common Interest Developments) like condos, coops, etc. have the built in weakness of being self-governed, and many owners simply will not vote for the necessary maintenance and repairs of the property. And now that assessments are being imposed by the same governments that have embraced the concept, the owners can’t afford the upkeep. (‘Privatopia’ by Evan McKenzie {1994} is a worthwhile history and overview of CIDs.)
@JR-rc1cg
@JR-rc1cg 4 ай бұрын
If they are in a condo they are doing just fine!
@SandDunesGuy
@SandDunesGuy 3 ай бұрын
Who knew that 30 years of no maintenance would lead to problems?
@serrahighsfinest
@serrahighsfinest 4 ай бұрын
I get it, it sucks. But they chose to buy the condos, knowing they were up for assessments. These are million dollar properties..If the most wealthy among us can't afford it imagine what everyone else is going through..
@ashleyconnor8891
@ashleyconnor8891 3 ай бұрын
“Give condo owners some relief” means “use taxpayer money to help the condo owners” SMH
@bnwo
@bnwo 3 ай бұрын
Can people who bought homes, and who paid the money to properly maintain them, get some relief for their expenses or is it the people who want to live on the beach and pay nothing?
@estebanfrisch2536
@estebanfrisch2536 3 ай бұрын
Crushing assessment, or crushing upper floors?
@JohnSmith-k1x
@JohnSmith-k1x 4 ай бұрын
Look the assessment will still need to be paid most likely DeSantis will allow condo owners to pay over time on a payment plan and by the time you have paid off that 100k in 10 years it will be assessed again and you will be hit with an other assessment maybe 70k this time. The lesson here is the condo assessments will always be there every 10 years. So common sense along with some intelligence would dictate to walk away
@jacquesrosas5758
@jacquesrosas5758 3 ай бұрын
Y’all have two choices. Vote red to protect the developers who created the disaster or vote blue to help the retirees who are victims of greed, selfishness, and shortcut deregulation. It’s that simple.
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