this post was submitted on 23 Aug 2024
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Housing Bubble 2: Return of the Ugly
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I imagine it has a lot to do with Florida, making them fix and repair the problems with the buildings after the last disaster found tons of structural damage that led to it's collapse. Now they are inspected yearly, and the bills are going to them to pay up. On top of that, the prices are higher than they should be because all the contractors know they have to pay and jack prices up. It's a mess, and I know I sure as hell would never want that. On top of that, the rising waters along the coast and the awful governing that's been taking place over the last 5 years or probably more.
Link that talks about the repairs https://www.nbcnews.com/politics/economics/reckoning-coming-floridas-condo-owners-buildings-face-millions-repairs-rcna165764