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Wednesday, 06/25/2025, Video Clip |
Homeowners wake up to find properties have been made completely worthless by new law – & still nobody will buy from them Relief is in sight for retirees and those living on fixed incomes CONDO-N'T Homeowners wake up to find properties have been made completely worthless by new law – & still nobody will buy from them HOMEOWNERS trying to sell up have been rocked by a new law which has made their condos worthless. Florida Governor Ron DeSantis's regulations resulted in spiraling HOA fees for the older condos. Residents living in condos in the Sunshine State are struggling to offload their homes. Their old properties are worth virtually nothing - and the situation has become dire, reported the Daily Mail. The area's aging towers are becoming an expensive nightmare due to mandatory repairs and rising HOA fees. It cited an example at Boynton Beach, where one hapless homeowner has seen their advertised property price plummet to a mere $10,000. Yet they purchased the property for $60,000 in 2001. Also, the two-bedroom, two-bathroom condo at Hunters Run Country Club offers potential buyers access to a pool and top amenities. But no one is keen to become the new owner. Meanwhile, a one-bedroom, two-bathroom condo on Marco Island which comes with water access at Sunrise Bay Resort is listed for a paltry $9,000. That is a staggeringly low amount given that a home also located on on Marco
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Wednesday, 06/25/2025, Video Clip |
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