The wonderful state of Florida

gwb-trading said:
This is entirely a man-made crisis. It is caused by DeSantis and his crony Republican legislature passing the SB 4-D bill.

Florida hit by 'worst real estate crisis in decades' as desperate condo owners slash prices by up to 40%: 'It's paradise lost'
https://www.dailymail.co.uk/news/ar...-estate-crisis-condo-owners-slash-prices.html
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It's caused by mortgage prices going through the roof, and the badly needed new inspection regime that was passed after the Surfside condo collapse.
 
ipatent said:
It's caused by mortgage prices going through the roof, and the badly needed new inspection regime that was passed after the Surfside condo collapse.
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Shoving people out of their existing homes has nothing to do with mortgages rates going up --- it has everything to do with the special assessments put in place by Florida Bill SB 4-D driven by DeSantis and the Florida legislature.

Florida is not the only state with aging condos and enhanced inspection regimes in recent years. Myrtle Beach and plenty of other places in the South have aging condos -- which are not forcing homeowners out due to special assessments caused by failed government policy added in recent years. It's one thing to inspect condos; it's another thing to add outrageous special assessments which force people out of their homes.
 
gwb-trading said:
It's one thing to inspect condos; it's another thing to add outrageous special assessments which force people out of their homes
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The law simply requires repairs within a year of deficiencies that are flagged in the safety inspection. There's obviously a lot of deferred maintenance with a lot of these buildings, many of which are by the ocean with its corrosive effects.
 
ipatent said:
The law simply requires repairs within a year of deficiencies that are flagged in the safety inspection. There's obviously a lot of deferred maintenance with a lot of these buildings, many of which are by the ocean with its corrosive effects.
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If they have an expedited program which only gives ONE YEAR to pay for and fix the deficiencies --- then the state should have put in place a zero-interest government loan program for condo owners to cover the assessments. It should have been obvious to the most simple minded -- even the GOP politicians in Florida -- that the impact of this legislation was going to be throwing a large number of people out of their homes. The SB 4-D bill in Florida should win the prize as the most absurd and idiotic state legislation of the decade.

The only way people should have been tossed out their homes is if a safety inspection found the conditions so severe that the building was in immediate probability of collapse and had to be evacuated -- of course, no buildings (yet) in Florida have been to be in this type of severe condition during the recent safety inspections.
 
If Ron'Bobblehead'DeSantis endorses a certain candidate , then obviously Trump has to endorse someone else.....right!!!!!

That's how Red-Necks are Making America Great Again.


Trump sparked 'increasingly bitter' Florida GOP primary with surprise endorsement: report

donald-trump-and-ron-desantis-afp.jpg


Former President Donald Trump has injected himself into a Florida state senate primary that Politico reports has grown "increasingly bitter."

Politico wrote on Tuesday about Trump picking his own MAGA candidates to go up against incumbents backed by Florida Gov. Ron DeSantis.

The report specifically cited District 7, where Republicans have been forced to spend the most money in a local state campaign this year. It even costs more than congressional contests.

"Rep. Tom Leek, an attorney who rose to the powerful spot of House budget chair," is running against "a former St. Johns County sheriff" named David Shoar, who began the race only recently, the report said. Leek is the DeSantis candidate, and the sheriff is the MAGA candidate, endorsed by the man himself. Now that the latter has the Trump seal of approval, Shoar is asking that Leek drop out.
 
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