As Florida’s condo crisis approaches catastrophic, all eyes on the 3rd DCA
Another week goes by, and no decision from the 3rd District Court of Appeals (DCA) on the Biscayne 21 case.
A whopping 34 opinions were released on Wednesday, Oct. 2, but nothing that would signal some relief for the brewing condo crisis.
Meanwhile, Florida’s condo crisis worsens.
As the deadline for structural integrity requirements approaches, condo owners in older buildings face steep assessment fees to ensure the safety of their buildings. Many are desperate for an exit ramp.
ABC Action News recently cited a Redfin report that indicates condo HOA fees in Tampa are up 17% year over year, the highest jump in the nation.
The high fees are forcing many to sell, but properties are slow to mov...
