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> Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

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anon user #3
#1 2026-04-19 12:42:06

Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

    READ MORE: The hidden cost of living in America's happiest city

By SADIE WHITELOCKS, US SENIOR REPORTER

Updated: 23:48 EDT, 18 April 2026

Florida condo owners are waking up to a brutal new reality: their homes are becoming virtually worthless.

Desperate sellers all over the Sunshine State are slashing prices to as little as $10,000 - and still failing to find buyers.

The property problem across the state has been triggered by a tough new safety law brought in after the 2021 deadly Surfside condominium collapse that killed 98 people, forcing aging buildings to undergo inspections and fund massive repairs. 

Florida-based real estate expert Katrin Pfitzenreiter told the Daily Mail that, for many owners, this has meant repair bills in excess of $100,000, soaring HOA fees - which averaged $135 per month in 2025 - and a market flooded with listings no one wants.

Worse still, hundreds of buildings have effectively been blacklisted by mortgage giants, meaning buyers can't even secure loans to purchase them.

The scale of the crisis is enormous.

More than half of Florida's condo stock is now over 30 years old, placing millions of units under stricter post-Surfside regulations. And in some cases, prices appear to have collapsed.

On Zillow, the Daily Mail found dozens of properties listed in Florida at around the four-figure price mark, ranging from standalone plots to high-rises and multi-unit structures.

Some have been sitting on the market for almost a year, with prices repeatedly slashed and even furnishings thrown in - yet still attracting no interest.

In the city of Boynton Beach, around 57 miles north of Miami, several properties within a golf course complex are currently listed at strikingly low prices.

One condo, built in 1982 with two bedrooms and 1,712 sq ft of living space, is listed for just $6,000, while a neighboring unit built a year earlier - but with upgraded contemporary interiors - is priced at $18,000. It offers 1,388 sq ft to play with and it also comes fully furnished.

This compares with units in more modern complexes, such as those in Miami's new-build districts Brickell and Downtown, that are not subject to the Surfside regulations.

The Daily Mail found these can cost up to $400,000 for roughly half the space offered by the Boynton Beach properties.

Older buildings that meet the Surfside regulations threshold must now undergo mandatory structural 'milestone inspections' and maintain fully funded reserves for future repairs, bringing an end to years of underfunded maintenance.

For many owners, the financial shock is severe.

'Getting a $20,000, $50,000, $100,000 assessment would be hard on anybody,' says Pfitzenreiter. 'What really hits home is how disproportionately hard this falls on people living on a fixed income.

'For example, retirees who bought their condo outright thought they were set, only to be handed a five or six-figure bill they had no way to plan for.'

Those special assessments - combined with surging insurance premiums - are pushing monthly costs far beyond what many residents can afford.

HOA fees are rising sharply as a result, with some owners seeing costs double or even triple in just a few years.

Insurance has only made matters worse, particularly for older coastal buildings where premiums have jumped dramatically or coverage has become difficult to secure at all.

As costs rise, buyers are pulling back, and in some areas, condo values have already fallen 20 percent to 40 percent.

At the heart of the crisis is a problem that has been building quietly for decades: deferred maintenance.

'It really comes down to math that may be hidden for 40 years,' Pfitzenreiter explains.

Associations that once kept fees artificially low often failed to set aside enough money for major repairs.

Now, those bills are coming due all at once - and at much higher costs due to inflation.

What might have been a manageable expense spread over decades has ballooned into massive lump-sum charges for today's owners.

...

https://www.dailymail.co.uk/real-estate … lapse.html [Questionable Source (Bagz)]

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Suck it Liberals!
#2 2026-04-19 12:43:04

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

"VIRTUALLY" lol

NICE JOB, IDIOT!!!

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anon user #3
#3 2026-04-19 12:44:25

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

Suck it Liberals! wrote:

"VIRTUALLY" lol

NICE JOB, IDIOT!!!

You are virtually a genius, SIL.

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#4 2026-04-19 12:47:58

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

violin

They are shytty old buildings.

If another one fell down, assholes like op would be screaming that the 'government did nothing'.

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Suck it Liberals!
#5 2026-04-19 12:48:24

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

anon user #3 wrote:

You are virtually a genius, SIL.

TIA!!!

QUNT!!!

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anon user #3
#6 2026-04-19 12:50:07

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

wrote:

violin

They are shytty old buildings.

If another one fell down, assholes like op would be screaming that the 'government did nothing'.

The FL government DID do nothing.  Thus the problem.

WE DON'T NEED NO REGULATIONS!! LIBBIE, JUST SHUT UP ABOUT THEM THERE CRACKS IN THE FOUNDATION!!!
\
repuke

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#7 2026-04-19 12:59:36

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

anon user #3 wrote:

The FL government DID do nothing.  Thus the problem.

WE DON'T NEED NO REGULATIONS!! LIBBIE, JUST SHUT UP ABOUT THEM THERE CRACKS IN THE FOUNDATION!!!
\
repuke

Clearly false. Did you not read your own propaganda faggotry, faggot?

a tough new safety law brought in after the 2021 deadly Surfside condominium collapse ... forcing aging buildings to undergo inspections and fund massive repairs. 

If the 'government' paid for all that, you assholes would be screeching and raging that it only does things for 'rich people'.

You're a dishonest hypocrite scumbag fraud. Like all libfilth asshole diversity advocate vermin.

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#8 2026-04-19 13:06:16

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

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anon user #3
#9 2026-04-19 13:11:50

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

wrote:

Clearly false. Did you not read your own propaganda faggotry, faggot?

a tough new safety law brought in after the 2021 deadly Surfside condominium collapse ... forcing aging buildings to undergo inspections and fund massive repairs. 

If the 'government' paid for all that, you assholes would be screeching and raging that it only does things for 'rich people'.

You're a dishonest hypocrite scumbag fraud. Like all libfilth asshole diversity advocate vermin.

Well the problem all started because the GOP dominated FL government refused to do anything for decades.  This didn't just pop up in one or two years.  It is decades of a lack of regulations and public safety.

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anon user #3
#10 2026-04-19 13:12:27

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

It seems FL condos now sell for less than an abandoned home in a Detroit slum.

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#11 2026-04-19 13:19:44

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

It sounds like someone is trying to get the oceanfront land cheaply.

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anon user #3
#12 2026-04-19 13:26:46

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

wrote:

It sounds like someone is trying to get the oceanfront land cheaply.

It's actually might be a good plan.  Buy up these properties and bank on some sort of law change.  IF there is some sort of relief, you'll win big.

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#13 2026-04-19 13:35:21

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

anon user #3 wrote:

It's actually might be a good plan.  Buy up these properties and bank on some sort of law change.  IF there is some sort of relief, you'll win big.

Say only a third of the residents can afford a $100,000 assessment to repair the building.  That won't be enough to do the rehab.  But they can put a lien on those condos and foreclose.  Then sell the valuable land to developers... profit.

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#14 2026-04-19 13:36:31

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

lolchix

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#15 2026-04-19 14:13:24

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

FIXING SHYT AND MAKING IT SAFE IS COMMUNISM!!!! ONLY FAGS AND LIBSHYTS DO THAT! REAL MURRICANS WHO LUB LORD GOD EMPEROR TRUMP DON'T NEEDS NONE THEM GAWDDAMN SAFETY SHYT. WE JUST LUB US THAT TRUMP EBBEN MOAR! TRUMP WILL SAVE US!
\
doublewide

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#16 2026-04-19 14:24:12

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

snicker

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#17 2026-04-19 14:58:14

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

anon user #3 wrote:

Well the problem all started because the GOP dominated FL government refused to do anything for decades.  This didn't just pop up in one or two years.  It is decades of a lack of regulations and public safety.

False.

It is decades of neglect by the property owners. To the point where laws had to be made because they couldn't even be relied upon to properly maintain their own buildings.

Now their vertical trailer parks are nearly worthless. Tough shyt. They should have considered the implications of their neglect, but failed. This is the result.

Like you.

Blaming everyone but those actually responsible.

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#18 2026-04-19 15:01:38

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

wrote:

Say only a third of the residents can afford a $100,000 assessment to repair the building.  That won't be enough to do the rehab.  But they can put a lien on those condos and foreclose.  Then sell the valuable land to developers... profit.

This is already happening. Buildings are getting bought, a developer will buy all the units in a condo cheap so they can tear down the old building and put up something sellable and profitable.

Losers like au will continue to rage.

As always.

au3maskrage.jpg

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Tom Leykis
#19 2026-04-19 15:09:28

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

anon user #3 wrote:

Well the problem all started because the GOP dominated FL government refused to do anything for decades.  This didn't just pop up in one or two years.  It is decades of a lack of regulations and public safety.

This is a LEFTIST LIBERAL PROBLEM, from BOW to STERN.

New York leftists swarmed to FLORIDA and BOUGHT Condos.   Note that EVERY FUQING ONE of these people bitching is an OWNER!

As cheapskates, they refused to spend money on plain old maintenance.   Year after year after year.   THE OWNERS!!!

Finally, one of them - all that obviously missing maintenance plain to see - started turning the people inside into tortillas when it fell down!!!

As a homeowner, it's UP TO YOU to maintain your own fuqing house.  The LEFTISTS are using it as an excuse to cry, "the government should have done something".  (they did, they have inspection and maintenance standards, WHICH YOU FUQING IGNORED)!

The left thinks the government owes them maintenance?   More mouth foaming liberal INSANITY!!

I have a LOVELY home.  I maintain it beautifully.   Here, our "lunatic in charge", attacks my efforts as every turn, as the insane will do.   But, it's OUR house, standing strong. 

You blame Trump.

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Tom Leykis
#20 2026-04-19 15:10:43

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

wrote:

False.

It is decades of neglect by the property owners. To the point where laws had to be made because they couldn't even be relied upon to properly maintain their own buildings.

Now their vertical trailer parks are nearly worthless. Tough shyt. They should have considered the implications of their neglect, but failed. This is the result.

Like you.

Blaming everyone but those actually responsible.

It's the DU way.

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#21 2026-04-19 17:28:58

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

anon user #3 wrote:

It seems FL condos now sell for less than an abandoned home in a Detroit slum.

Time for you to head down 95 & become a real estate mogul.

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#22 2026-04-19 17:30:13

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

anon user #3 wrote:

It's actually might be a good plan.  Buy up these properties and bank on some sort of law change.  IF there is some sort of relief, you'll win big.

Cheaper to tear it down & rebuild.

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VP_Spiro_T_Cheney
#23 2026-04-19 17:45:33

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

wrote:

Say only a third of the residents can afford a $100,000 assessment to repair the building.  That won't be enough to do the rehab.  But they can put a lien on those condos and foreclose.  Then sell the valuable land to developers... profit.

facepalm  how do you “sell the land” under a foreclosed condo unit?  That could only work if the you bought every unit in the complex.  When you buy a condo you get two deeds, one for your own unit and one for an indivisible share of the commons property.

Anyhow, fuq ‘em, this is a problem of their own making, this is what the asshoals voted for.  Decades of shytty building codes, lax inspection and deferred maintenance and now the chickens come home to roost.

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#24 2026-04-19 18:00:46

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

VP_Spiro_T_Cheney wrote:

facepalm  how do you “sell the land” under a foreclosed condo unit?  That could only work if the you bought every unit in the complex.  When you buy a condo you get two deeds, one for your own unit and one for an indivisible share of the commons property.

Anyhow, fuq ‘em, this is a problem of their own making, this is what the asshoals voted for.  Decades of shytty building codes, lax inspection and deferred maintenance and now the chickens come home to roost.

If you have "motivated" sellers & can purchase majority votes on the HOA, then what?

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VP_Spiro_T_Cheney
#25 2026-04-19 18:23:22

Re: Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws

wrote:

If you have "motivated" sellers & can purchase majority votes on the HOA, then what?

The majority owner would still be bound by the deed restrictions.  They couldn’t force other owners to sell and they couldn’t take over the commons areas.

A condo development liquidating would have to be incredibly rare, I suppose it’s happened somewhere but there’s easier ways for developers to make money…

For example the South Florida JOO-developers are eager for Trump to “liberate” Cuba with its miles of prime beach real estate and poor easily exploited population.  They’d fuqing love to swoop in, disposes the locals and steal all that lovely land.  Much more lucrative than battling a horde of NY-NJ boomers for ownership to some decaying Florida beachfront property.

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