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Reply to "RIP Florida real estate "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Just look at the details in this listing. The special assessments are outrageous. https://www.redfin.com/FL/Miami/1800-NE-114th-St-33181/unit-1502/home/43010955 [/quote] Youd think they’d avoid writing the entire listing in ALL CAPS when telling us about the 19 different special assessments… But in all seriousness, it makes no sense for anyone to buy condos like this. If I really wanted to live in a high rise there I’d just rent and avoid all the risk.[/quote] Especially when monthly maintenance is $2900 per month. I don’t know the Miami market…can you rent anything decent for $2900/month? It sucks, but seems like people are going to have almost give these away to get out of monthly maintenance and all the assessments. I would think the other problem is what happens when others don’t pay…do they refund your assessment payments?[/quote]
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