Urgent Evacuation at Local Condo Complex!

[@PalmBeachesPaul]

BEST WAY TO CONNECT WITH ME AND GET MY FREE UPDATES ON SOUTH FLORIDA REAL ESTATE.-bit.ly/3V5p2QY

[@agnesk864]

Years of negligence hits Florida condos. Thank you for sharing the truth!

[@rickho69a]

HOA/CONDO Boards and OWNERS are at FAULT! Didn't do THE Preventative Maintenance/REPAIRS as needed to SAVE $$$

[@michaelgoldman3812]

As an owner of a condo in FL since 2006 (conversion) upon moving in after retirement I discovered Malfeasance of the current BOD - financially based upon primarily failure to replace 16 building roofing - overdue 4 years. We organized the community, threw out the existing Board and its Management Agent. Upon taking over the BOD the association was $1.3 Million is the hole on roofing and unpaid bills. After two years the new BOD completed roofing for15 of the 16 buildings and now there are no outstanding bills. We have a proper budget. Yes it is up to the owners !

[@Ricow5506]

All of them boomers who bitched and moaned at every HOA meeting about fee hikes for known and foreseeable repairs hoping to kick the problem down the road to future generations. Sound familiar? Just like the boomers running congress. Let the next generation deal with it.

[@BondServant1110]

@rickho69a They didn't save it, they spent it. Just not on what it was supposed to be spent on it.

[@Leslie-xo9gy]

@@michaelgoldman3812I just retired as a Board President- mismanagement is rampant- emotional spending like amenities or keeping dues low - you are SO right! I feel horrible for those losing their investments but every owner should learn, talk with neighbors & go to those meetings. If a snow bird- demand minutes etc and talk to neighbors. It’s an investment and should be treated as such- I’m praying for FL retirees- I’m also a licensed manager and work hard to protect my residents. Great job turning things around quickly! 🎉

[@algajarsky7048]

Sold my condo in SW Fla. before all this. Moved to NW Fla. Citrus County inland purchased a home no HOA acre + . Good info keep it coming.

[@beboboymann3823]

@@algajarsky7048 we moved from Ocala to Citrus County after all the horse farms around Ocala became victim to huge tract builders. Hwy 200 became the Jndy 500 driven by old people and illegals without vehicle insurance. We like Citrus County (LeCanto) but have not seen any citrus trees. Ha. Maybe I will run into you at the new Texas Roadhouse and buy you a beer. 😁

[@JoeyJig]

You are doing a great service to those who aren't paying attention. This has been brewing for many, many years. Many of your critics will be eating their words if they are honest with themselves. Keep up the good work.

[@wesleyluvsoktoberfest]

As a retired architect I can attest to the fact that some people want to shoot the messenger. I’m glad that you’re reporting the facts as they are and no you’re not fear mongering. Trolls don’t understand the complexity of the situation and the ramifications of differed maintenance. You were spot on in your last video about those who now own a condo in those buildings are getting the bill for 20 years of maintenance that wasn’t done. It is a sad situation with dire solutions to the problem. Good lick and keep on spreading the word. As a realtor I’m sure you do have a pretty tough skin to be in the real estate game.

[@Mikefngarage]

personally I wonder if it was as much maintenance or a pure neglect in structural integrity. On the building that fell I question the lack of sheer wall and sizes and distances of columns. Seems to me like there was not enough backup engineering in the buildings for future degradation and erosion in a lot of cases. Some were differed maintenance.....But here in CA we dont have buildings falling down. especially high rises that have earthquake code. Even though they have differed maintenance.

[@wesleyluvsoktoberfest]

@@Mikefngarage I was an architect in San Francisco for 30+ years before I retired 10 years ago and if the engineer wasn’t hired to complete an after framing inspection it would be up to the building inspection department to approve that phase of construction prior to continuing with the next phase of construction. With that in mind I do seem to recall a problem with the millennium tower in the financial district with its settling problem and the lack of oversight from the building department due to the change of foundation revisions without prior approval.

[@Mikefngarage]

@@wesleyluvsoktoberfest Oh yea I recall that about the tower. But we have not seen anything like that building in FL here. I am a contractor and I have worked on a lot of jobs. The spacing and lack of sheer wall on that structure was baffling to me. Just seemed like a lot was missing for future changes and additions. Like the deck. and the planters.....Someone was building the cheapest thing to me and lacking any possible future additions or changes to the property. Like Marble and granite tile added to the units. Something just didnt seem right to me. The Columns, sizes, spacing didnt look like anything In CA. not even close. I think the problem is so many buildings like that one.

[@wesleyluvsoktoberfest]

@@Mikefngarage it comes down to money and lack of oversight just like the differed maintenance in a lot of the buildings exposed to corrosive salt air and irresponsible condo boards and and owners. It’s a sad state of events. Poor construction practices only add to the eventual demise of shoddy construction. I’ve worked with a lot of great contractors and I only would take a project if the client would agree to pay for my time to oversee construction. I’m now glad to be retired.

[@Mikefngarage]

@@wesleyluvsoktoberfest IDK about that area But didnt your plans require engineer wet stamp? So CA most things need that down here.

[@RealSAE]

Paul you are NOT fear mongering at all! You are 100 percent right! This is actually a great report you did here. Right to the point. No bias. No BS. Straight shooting! I enjoy your videos just because of this style that you have my friend. Great job. Keep up the work. It's very much appreciated!!! Ohh YES! You DO need to make a video about that other hot topic you hinted at within the RE industry.

[@PalmBeachesPaul]

@realSAE I don't even know how to approach that video it's such a crazy situation and no matter how I come off people are gonna be like you're just a greedy Realtor and it's funny because they don't even know me if they've ever worked with me they know that's absolutely not true but I could say that until I'm blue in the face and they won't care

[@RealSAE]

@@PalmBeachesPaul I hear you brother! Just remember to follow what your mind and heart tell you what and how to do what you do. :) Also remember that it's impossible to make everyone happy at all times. You really are a reliable and entertaining source buddy. It's hard to be both. But you are. I can say honestly since I found your channel I've fallen in love again with Florida. Most of my family was either born there. Lived there for many years or retired there. Family had to move away long before I was born. They are old school Florida. But that was many many years ago. Your channel is pulling me back there. It's about time for that. Anyway I just wanted you to know you are doing great work. Much different than the others. Keep it up!!!

[@mr.a.]

I don’t believe your fear mongering either. Your information is vital. A lot of folks are probably in denial maybe their condo will not need an inspection, or the HOA has plenty in reserves. Keep informing folks! This is critical information.

[@CarlWithACamera]

I lived in a Boca Raton condo development for 7 years, two 8-floor buildings. The condo association delayed work on the roofs, the elevators, the plumbing, the loose tiles in the lobbies, the parking garage, spalling of concrete on the buildings, and even the sea wall, until it caved in and the lawn between the condo building nearest that section sank into a big depression. They also delayed fully funding reserves, for all the years I lived there and for a couple years after I sold. And then the assessments started. And the HOA fees more than doubled. Fun stuff. Glad I got out before it all came to a head.

[@JoeKubinec]

Please indulge me as I push back on your comment... the condo board is a reflection of those who voted the members in. The owners voted in board members who would not increase fees. I am frustrated by condo owners in multi-family structures that have avoided the significant costs that the owner of any type of structure would incur over time. I don't get what I'm missing and would appreciate getting better informed on this.

[@robertmanley2687]

@@JoeKubinec People complain about a $10 increase try $100 impossible

[@jamesmatheson9624]

America needs a president for each state only if you had a president for each state would you increase taxes so that taxes were the thing that compensated for these problems or you were charged at a toll for people to cross the border to come to Florida if you put money on cellphones and charges a tourist and new comers tax .One America's the reason why this problem happened a terrorist went in there and caused these problems and got everybody evicted and they're about to do this everywhere in Florida and every state in America we need a president for each state one America failed especially Florida because of geographic location is connecting us to South America which gives us more tourism than any state in the United States

[@buffycat4641]

@@LJ-jq8og I agree with renting, and the owners did it to themselves by not wanting to spend the money for upkeep of the building.

[@CarlWithACamera]

@@JoeKubinecwhat is it that you don’t get? The condo board influences the owners who then vote. If the owners aren’t getting an accurate picture of the state of the structures then they’re likely to vote against any additional expenses. And with many aging retirees we even had pushback on replacing pavers around the pool, which when loose and shifted can become a fall risk (which gets the association sued) and pushback regarding replacing aging pool furniture, because they were old and no longer using the pool. So you have biased influence and personal biases and other factors among owners. Whatever the underlying reasons at each development, we now have many developments that are lacking in maintenance and repairs and reserve funding. It is what it is. The point I’m making is a cautionary one; be careful with these condo buildings, especially those near salt water.

[@Howiefm28496]

For retirees that moved to Florida , it is now too good to be true.

[@Gypsygirl9]

This is why I always refused to buy condos. Learned from investor friends they are a big sham for reasons other than this.

[@2004mojo]

One man who' called the local news says his fee is $227,000! A woman who also called the news says hers is $160,000. Both say they'll have to move but with what? They don't have time on their side. Soon they'll owe late fees & fines for not being able to pay the new assessment & then the property lien & foreclosure notices will start to come & what will they have to sell? A property they're already losing.?? This is nuts! Regardless of what was not done over the years the state can't expect people to pull this kind of money out of the air when some don't even have an extra $100 a month if it were that! **Palm Bay Yacht Club -Miami 2 owners with corner units : assessments are $140,000

Ive been told by every person I ever knew in real estate..never buy a condo...

[@2004mojo]

Here's another condo nightmare going on all over the country. Many of these developers making offers to buy everyone out so they can put up grand showy & very expensive properties. For many long timers this is their chance to get out with a nice profit. Others including newbies saw them as their forever home. A case mentioned last week out of a complex with 100 units everyone took the money but 6 or 7 owners. One lady had only bought her unit 2 yrs ago. Because majority rules the developers have given the holdouts eviction notices. The money they turned down is also off the table. The buyout money is nowhere close to what the original offer was.

[@PalmBeachesPaul]

Very sad, that's why I'm reporting all this stuff because a lot of people don't know

[@mrbob19561]

The salt water rots everything..but its good for your skin

[@jasonstearns2666]

That's funny. Yes....the salt spray over many years has rotted the buildings infrastructure to the point where they are all about ready to fall down.

[@TimeSurfer206]

"We can't afford to do it today, so we'll ignore it for a year until it's 100 times more expensive." Sounds like my Landlord.

[@beverlyweber171]

businesses and HOAs have been operating this way for years. Also, many school districts put $$'s into the budget for maintenance, then divert the $$'s elsewhere. After 15-20 years, the buildings are junk and the school boards whine that they need new buildings--seen it myself.

[@Jttw2131]

It's a blessing that they're being informed now before something tragic happens.

[@elelectrotech9374]

so a condo is good for 30 years .the tenants that bought new,lived with low HOA dues.the ones that purchased after 20 years get the shaft.

I would never buy a condo that a building inspector hadnt approved...

[@ScooterTraveler]

That's the problem the building inspectors have approved most of these condos in the past.

[@JuneKovac]

Fact:if you LIVE CLOSE to SEA WATER, your structure WILL BE affected adversely at some point.

[@realestatephotovideoshawns1177]

I grew up in Miami and watched Sunny Isles be built. I lived in eastern Shores in condo that had a bunch of problems , the building across the canal got condemned. It’s been happening for a while. Now I live in the treasure Coast and I have shot most of those units at that Jensen Beach development. Interesting times! I keep telling my friends down south and 40-year-old buildings. It’s time to get out but they’re not listening. I’ve been telling them that for a few years now.

[@DEAH-01]

The majority of those condos on Hutchinson Island were severely damaged in 2004 from back to back hurricanes. After seeing the damage firsthand , there is NO WAY I would purchase anything on that island . It's really a shame .

[@mymotherwasright3079]

Thank you for keeping us informed! Most appreciated.

[@57_Triumph]

Thank goodness the state legislature stepped up and the governor signed into law, otherwise that condo would come crashing down, killing the residents. The residents should be thanking the inspectors and the governor and the legislature. It is too bad really when you have to relay on others to care more about your life than you do

[@wednesdaytheblackcat7385]

My parents snowbird in beautiful Jensen Beach. You pass their building just past the 4-minute mark of your video. We love visiting them in the winter. I’m so relieved that they rent and don’t own there.

[@warst04]

We were looking for a condo on Hutchinson Island. Decided months ago to rent and sit tight for a couple of years. Who knows the issues and cost until milestone inspections are complete and assessments/HOA raises adjusted.

[@ericaknesek3266]

You’re right I’ve been watching Michael for over a year and he has been talking about these condominiums since I have been watching him so it is not fear mongering I agree with you. I appreciate your Contant keep up the great videos.

[@billhickman1493]

Great job PB Paul. I grew up in Jupiter in 1976 as a kidd. Worked on many of these condos pre 94 . Lot of retrofitting after BALLYS fire Las Vegas on sprinklers .

[@Ira88881]

Thanks for your accurate REPORTING on this and pleasant presentation on the situation. I knew NOTHING about what’s going in the condo market until this morning. I’ve been surfing for info to help my son buy his first house near Coral Springs (not a condo, but this was my first awareness about what’s going on with condos and a real eye-opener), and your vlog here laid it all out beautifully.

[@PalmBeachesPaul]

You're very welcome. I am a licensed real estate agent so if you need any help let me know.

[@tamril4938]

Thanks for being truthful, not much of that going on in Florida when it comes to this crisis.

[@mr.a.]

I’ve been in Florida since 1986. Our state is in a real rough place. Between the population growth now at 23M, sky rocketing home insurance rate, high cost of living, homes starting at $750K where I live, now this. This is a recipe for disaster. As a homeowner I’m so happy i didn’t purchase a condo. I foresee so many more folks displaced from their condos. I’m also really disappointed our legislators did not pass the HOA ethics hotline. A lot of HOA take advantage and focus on the grass being too long instead of fixing the real issues.

[@commonsense6967]

It is not the job of the state to police HOAs. It's the condo owners' responsibility.

[@WvvwvvwwVvwwvwv]

I am so glad I sold my Miami Beach Condo years ago when there were plenty of buyers. Now, I own several properties in Tennessee. Life is good.

[@frankwilliams6431]

I have been in the South FL service industry for almost 40 years. I watched boards kick the can down the road repeatedly. They made the decisions, they need to live with them. Reality is that most of these folks were living beyond their means by not properly budgeting for ALL expenses.

[@traderjoe141]

Thank you for this reality check…I appreciate the time to produce and upload this video

[@chrishollis6015]

This is what happens when you defer maintenance. No one wants to pay more in HOA fees to fix the problems. The only ones at fault are the 36 owners.

[@CarlWithACamera]

There’s always multiple constituencies. If you are a current owner who is thinking of selling you will maybe want to defer some of the not-so-visible maintenance and repairs, and also tue funding of reserves. You are thinking to get out before you’re tasked with helping to shoulder these expenses. If you’re a potential buyer you want all the maintenance and repairs up to date and reserves fully funded, but you don’t get a vote until you buy. If you’re on a limited budget, as many retirees in Florida are, you want to defer these expenses, maybe thinking you can do so until you eventually pass away. And you also might not be using the amenities if you’re very old, and so vote against maintaining them (new pool furniture, gym equipment, etc).

[@jimpawa5793]

I made an amazing discovery a few years ago. I was working on my home and was using drywall screws to install drywall. I had noticed corrosion of some older screws but didn’t really think about it. I looked at the box the screws were packed in and started reading the labels on the box, I know who reads the labels (warnings) I’m an old white guy so “who reads those stinkin’ WARNING labels. Those screws aren’t supposed to be used within 10 MILES OF THE OCEAN.

[@unclefester4626]

Somebody probably wants the land too...

[@buffycat4641]

I lived in FL from 1962 to 2020, and recall driving South through Boca Raton and Highland Beach with many of the ocean front condos having all their balconies replaced back around the 1980s, & 1990s so you can imagine what the salt air does to the rest of the structure of the building. A good read is an older fiction novel by John MacDonald set on the West Coast of Florida, titled "Condominium."

[@jonathantaylor6926]

I call it "condommunism" and that's why it fails... people love to "share" everything but responsibility.. all of a sudden the broke foundation "isn't mine" once the bill comes due.. but in a 100 unit complex the foundation is absolutely 1% yours.

[@marknewton6984]

Good book!😮

[@2004mojo]

@buffycat4641 thanks for the book info. I had no idea there was a novel called "Condominium" that was then made into a made-for-tv movie! It's an automatic must see with all the other entertaining disaster films but it's heartbreaking that all these tragedies have come true in ways we never though. Fires in super tall high rises, volcanoes erupting on inhabited islands, viruses that kill worldwide quickly. quickly. Looking at the plot on wikipedia, the book was putting the word out of the danger looming. Here we are decades later and you'd think people would have paid attention.I will look for the book & film. *found the movie in 2 parts here on youtube & watched it. It was disheartening to know that the actions in the film have come true. Especially the scenes of the condo board & the residents going back & forth.

[@marknewton6984]

John D. MacDonald is a good writer.😎@2004mojo

[@2004mojo]

@@marknewton6984 Good to know.I'll check him out.

[@cordellfairweather5529]

Good video and don't worry about the negative comments, I appreciate what you do👍🏾

[@isartoraplatz]

I lived in Florida in Fort Lauderdale. I’m now living out west in the desert.😂 I had a condo. It was an older condo. Most of the condominiums in Florida have not had The proper maintenance it’s not just in Florida …though it’s pretty much universal around the United States and especially those condominiums that are on the water.. From the looks of those condos, they are pretty old and they need to be demolished and new ones need to be built. The problem is;the people will not get the money that they put into these condominiums and if they condemn them they get very little. 😢

[@jde17]

Great work! Keep doing it and don’t listen to those who want to hide the truth

[@craigkoch4585]

Nice job! Thank you

[@thomasryan2679]

Greetings from NYC. t's always been a plan to work till 65-70 and then retire to paradise. Now, I'm in no rush and will use caution. Perhaps a small home is a better idea than a condo.

[@marknewton6984]

It is.😎

[@stevengordon3271]

Another good idea is to rethink what constitutes "paradise".

[@PalmBeachesPaul]

I still love living in Florida I don't live in a condo so that's not a problem for me. I still get to enjoy the beaches and the palm trees and everything I love about it.

[@marknewton6984]

​@@stevengordon3271Eden's Island

[@DogMomOfTwoCuties]

@@stevengordon3271 I couldn't stand all the bugs. I'm got major arachnophobia lol. I encountered some whoppers down there. The humidity was ok, though, and it does look pretty there.

[@DSPNJ]

Thank you for all the good information. Keep doing what you’re doing. In fact, if you want to take another step further employee two research assistants and create a list of condos in your county that are below three stories and constructed within the last 20 years. You can sell this list. You could also use this list to direct your clients to Better units. Gathering this information takes time, but is available through public records through your county records.

[@SBTiki]

Realtors can search this on MLS by number of floors and year built. Very easy to do.

[@commonsense6967]

Grew up in a house a block from the sand dunes on Singer Island. And every couple of years my mother would buy a new car, have the underside coated to prevent rust, and be surprised that the car always rusted out after a couple of years.

[@KenNeumeister]

given the number of properties involved and the limited time to complete the inspections, the available engineers must be very busy putting pressure on the quality of their reports.

[@ag1382]

The biggest pitfall of Condo “ownership”. What do the owners really own? If they had purchased a home, at least they own the property their home is sitting on.

[@dorothy6751]

I like your candidness!

[@kathleenriveraspencer4136]

thank you for the info … very sad situation.

[@MarinoMotorsports]

Did you mention the year built please?

[@byrnc927]

I'm glad we bought a single story Villa. Would never want to live in a filing cabinet.

[@tomf9292]

Me too. No one above me

[@LeeBouie]

Good job

[@postscript5549]

Eleven residents had to evacuate. I missed the 36 something number. Are these empty condos?

[@jonathantaylor6926]

In a sane world the financials of an HOA would be one of the primary selling (or not) points of a condo or apartment. But for some reason people don't care. People will buy into a condo and the HOA monthly fee is the only detail they care about. That is foolish. Realistically these HOA sold in the 80's or 90's should have million of dollars in reserves. But they don't. The HOA fees over the decades were spent on standard maintenance without regard for major repairs decades after construction. Now it's a major problem and this will keep happening. These engineering firms that are inspecting building take on massive liability. They will condemn a property in an instant and often be way overcautious because if something did happen the engineers could potentially go to jail. The condo crisis in Florida is just beginning.

[@WinstonSmithGPT]

These associations should have huge investment accounts!!

I cant believe this has come to this...refusing to make repairs until the building is falling down....these same people thought they were so much smarter than the renters.the renters who did not feel they could afford the assessments that we assumed would come but they deterred until now....

[@Michael_Livingstone]

Note to self, NEVER buy a condominium. The developer should be fully responsible for the life of the property.

[@GDMan-fb1jx]

Thanks Paul for the update, our building is just finishing up on a 2 million dollar concrete restoration project been going for almost 2 years,surprisingly the sister building next door had a engineering firm sign off on theirs saying it was all good, both buildings were built 40 years ago, I’m a little suspicious over that.

[@robertmcgee7083]

How is it only condo buildings with this problem, what about commercial high rises? And every other building 3 stories and up?

[@amrice62]

That’s a great question…

[@robinmorelli8759]

@@amrice62 they don't get hit with the salt water.

[@PianoMatronNeeNee]

Thanks Paul. This is horrible. Yet the residents just paid a $43k assessment only to get booted out till God knows when 😢

[@marilyndietzman-vx5ts]

As structures age the more repairs are needed. When people age we become brittle and stiff. Age always needs more remedy.

[@harrysoothsayer5086]

Cancer in the steel bars is the elephant in the room - limited shelf life - salt does not help

[@m.mickeypayne9811]

Previous years of shoddy builds finally revealed. Not that should be any news to those in the building trade or new people that were back in the day. It wasn't just the Surfside condos that had shoddy construction but several others.

[@m.mickeypayne9811]

New= knew

[@OldsmobileCutlassSupremeConver]

Get the work done, then the inspection.

[@dallasstudent1605]

Thank you for reporting the TRUTH!

[@waltparus8493]

Responsible condo boards should been doing inspections on a regular basis. Ignoring structural inspections is asking for trouble.

[@stockey]

Thank You, to tell us the truth.

[@advertisercommerce6990]

State of FL finally has teeth in their legislation and putting a stop to kicking the can down the street, for others to worry about the situation. Of course as a building ages, it is going to take more to keep it up and in good condition. The condo owners don't like the new HOA fees, but realistically they prefer to be alive vs squished between collapsed floors! So pay up condo owners! Don't expect taxpayers or businesses to pay for your lack of forwards thinking, paying, planning and doing. It is because of low HOA fees, this situation has spiraled into the disaster it has become today.

[@bluecube7247]

We, the people, don't want to play Russian roulette with the lives of those living in high rises on the shorelines. However, it is sad to see people lose their homes... but their lives are more valuable than any property.

[@geeraadee5017]

hi mate im a realtor in sydney australia we have the same problem its concrete cancer salt water gets into the steel and rots it very exp to fix

[@PalmBeachesPaul]

Thanks for watching brother. Can't believe I'm being seen all the way across the other side of the world. 🌎

[@markbrautigam2502]

I feel sorry for them but you can’t keep ignoring maintenance . We are holding state , local ,private inspections to be transparent , honest, diligent & up front - the property owners need to own their own stuff .

[@sarahgupton2552]

How far inland are the problems being seen? Are the condos further inland seeing the same issues? Are these issues covered by insurance?

[@francismarion6400]

Revue each condos books! Some are up to date, some are not.

[@buffycat4641]

Look up and read the recently passed legislation that went into effect I believe July 1.

[@mrfredsaez]

I’ve been talking about this issue since the condo collapse.

[@LakeTahoeGem]

Do the hotels have to get this inspection?

[@loranoodle]

The number of times I’ve seen owners screaming and refusing the smallest of increases to keep up with maint - bullying management and boards - well… this is what happens when the members refuse to allow fees to keep up with true costs

[@puertocool]

Your property should not be subject to government inspections and the whims of multiple residents. Avoid HOF, buy your own house, not a condo.

[@tomkennedy3123]

Maybe condos should have a posted safety rating in the lobby, similar to a Resturant rating.

[@DavidCarter-nc7jx]

The reason these buildings are failing, people living in these places don't want to pay for proper maintenance. the time has come to pay the piper. the people that live in these places have put themselves in this position.

[@orlandopadilla986]

@DavidCarter-nc7jx this is not right ! It shouldn't be the new owner fault if they've just recently bought a condo that the HOA didn't make the proper inspections and deferred the fees for 20+ years , and now the new owner is responsible for this ! No way !

[@michaelpatton9573]

Why do people say there was no warning? They knew this was coming since 2021.

[@GlenGGonsalves]

Are 2 story buildings exempt?

[@commonsense6967]

yes

[@GlenGGonsalves]

Thanks for the info!

[@PaulaPatioOfficial]

sadly, PBC was VERY VERY LAX in regards to building inspections until the "state law" was passed, where as, Broward has had that in place for light years. When I sold my condo for a pretty penny which was located in boca, the building (two-2 story buildings about 84 units total), was propped up via structure supports throughout .... the "patios" on some of the 2nd story units were literally falling away from the building. Some of the patios/balconies' could NOT be walked upon. Meanwhile (and I was there for about 30 years), yearly, I wanted to increase the reserves and voted down all the time for stupid excuses i.e., we're "grandfathered in", we don't have to, etc.... Glad I'm out of there..their monthly "condo fee" when I left was about $600 per month. Now ... only God knows what it's jacked up to cuz they were NOT flush at all! The condo I'm now in is small (only 20 unit owners). We're flush, passed all of our inspections with flying colors and everyone is happy in Northern Broward County and we didn't have an increase. It's important to do your research before moving in.

[@WinstonSmithGPT]

You should leave mocking notes in the lobby.

[@davidszakacs6888]

I’ll stay here in NE Ohio, thank you.

[@marknewton6984]

No. Thank you! 😎

[@annem7806]

Do condo mgt board have insurance for their lack of property maintenance?

[@commonsense6967]

Condo owner's fault, not HOA's.

[@donnavincent2004]

The question is, when/if they will be able to get the rest of their belongings out. They had to evacuate immediately. Their furniture etc is still there.

[@hoodooking1133]

People living on a beach should have money to move asap because the ocean is unpredictable, those owners should know this why are they surprised they should have money

[@dinadepoala8064]

I’m glad there checking the condo now.

[@karen8red]

Thank you for the info! I have been looking on the west coast (Fort Myers/Punta Gorda), and I have not noticed decreasing prices or abundant inventory (but I may not have access to the numbers).

[@eddiebatter]

Good advice. I was in Jensen Beach when I heard about people being evacuated from condos there. With all of these condo issues do you think I’m better off just buying a house instead?

[@carylhalfwassen8555]

I own a condo in a cold weather state. A 110 unit building and board is on top of repairs, maintenance and reserves. Monthly meetings are usually open to owners and issues like future expected cash needs are discussed every meeting. Minutes of meetings are available online. Built in 2009 so relatively new but even so aging is a factor and freezing and thawing is a major issue for concrete maintenance. Also technology advances require upgrades and new inspections for many maintenance issues. After 13 years the board hired a full time maintenance person (previously 20 hours a week) because of the aging signs that needed prompter attention to forestall more significant repairs. $$$ but necessary to preserve value in building. Now if city government did more about crime here!

[@stockey]

It's not suppose to be more than 3 floors ? these condos are almost like a house.

[@pattym.wilhelm9252]

This is the truth, I live in Palm Beach County!

[@andrewdixon3538]

hi Paul, don’t worry about what some may be saying. You’re just giving us the facts. It’s very unfortunate but for major change to Occur,some disaster must happen and acts as a trigger. I’d much rather have our state government take action than have the insurance industry dictate what’s going to happen! There’s no question, after the Champlain Towers collapsed. construction standards and maintenance and legal policies And practices were going to change!!!!!!!!!! Thanks for keeping us informed.

[@PressHBCA]

Does this apply to hotels/motels on the beach with 3 or more floors?

[@commonsense6967]

Probably, if older than 30 years.

[@iraAlbucher]

Like I mentioned before the developers are hoping this happens so they can put up new EXPENSIVE High rise units. THat will start at a few million and go way up from there. Only the SUPER wealthy / or International money will be able to afford the beach front units. Tough luck for Floridians and seniors!

[@barryetherton4889]

Same has been happening in Australia.

[@marknewton6984]

Global, mate! 😎

[@stanmarcusgtv]

thought the new inspection regs only applied to condos 3 stories and up

[@mariaemilianegron]

Sir thank you 🙏 for keeping it real.

[@SuperMachead1]

Hey can you do a follow up on the past condos that were evacuated…how long it was before they were allowed back….if at all…etc ….we own a condo….we only had to put 4% down and we have been here 7 years….so I think if we got evacuated….I would just rent a place while my credit is still good….then just let them foreclose on the condo and walk away 😮….it would be sad….but smart I think🤓

[@PalmBeachesPaul]

Great idea, I will look into that for the audience 👍

[@johnd9031]

And insurance rates are skyrocketing too. Used to live in a two story condominium Stuart.

[@dorothy6751]

How did these buildings pass inspections and get certification of occupancy before anyone even moved in? That should be looked into as well. New construction should be held to higher standards.

[@Gypsygirl9]

This is something that comes with age...of course new builds pass inspection and get CO ( certificate of occupancy). As they age of course structural integrity decreases. There was never laws in place to require the SIRS ( STRUCTURAL INSPECTIONS recertifications) but now it is a law. So yeh..all these buildings are getting the inspections and failing so they gotta do the repairs$$$$

[@Howiefm28496]

Local and Florida state inspectors must be easily bought and sold.

[@mikimikemike1]

report the kickbacks to them to contractors

[@stephennovak82]

What is this going to do to the condo construction industry? I would love to see a video on that but I realize that would take a lot of research in order to put out the information. Is it going to be good or bad for the condo construction industry?

[@yoyozen1]

This is only happing in complexes where owners have voted not to fund reserves for future repairs. They have voted to keep their monthly dues low- but guess what, roofs need to be replaced, stucco or siding redone, etc. Now it's gotten to the point that they have delayed repair for so long the complex is unsafe. BE HONEST ABOUT THE PROBLEM. It's bad enough that bad boards squander fully funded reserves, but there is no excuse for delaying maintenance until it gets to this point.

[@bmanz8117]

Milestone inspections. How about call it what it is. Over do inspections. Walk away from those units.

[@davido3746]

There is something to deferred maintenance, but Surfside didn’t “just fall.”

[@Random-rt5ec]

Wow I’d sell my condo as fast as I could and run.

[@helenhebert7127]

The “little elevators” I assume you mean the swing stage. If there is an exterior elevator for construction, that is a hoist.

[@beverlyweber171]

If the buildings are really bad, are they being condemned? Is there a point when condemning and rebuilding is cheaper than repairs? Just wondering.

[@chrisbesu817]

Every condo on the water is doomed! Stop building condos, the closest structure that should be allowed is a townhouse.