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Condo prices in Florida are dropping while the U.S. average continues to rise. ... Condo sales, on the other hand, are slow because the cost of both buying and owning a condo has surged.
September 3, 2024 at 9:26 AM. Florida faces a looming real estate crisis that could trigger a mass exodus, as rising condo costs, soaring homeowner association fees, and new safety regulations ...
Owners at the Surfside condos in Daytona Beach, where a two-bedroom unit is currently listed for $415,000, have paid between $50,000 and $60,000 in assessments to have their building’s concrete ...
Surfside condominium collapse. On June 24, 2021, at approximately 1:22 a.m. EDT, [a] Champlain Towers South, a 12-story beachfront condominium in the Miami suburb of Surfside, Florida, United States, partially collapsed, causing the deaths of 98 people. Four people were rescued from the rubble, but one died of injuries shortly after arriving at ...
t. e. A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by ...
One unique feature of Florida's homestead exemption is that it attaches to proceeds from the sale of a home if the homeowner intends to use those proceeds to establish a new Florida homestead within a reasonable time. Therefore, if the owner of a $1,000,000 home sells that home and puts the money in a bank account, that money is still protected ...