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Reply to "Florida Housing Market Faces 'Nightmare Scenarios' as Deals Collapse"
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[quote=Anonymous]This article is tabloid garbage. The article cites the new law that requires older buildings to do a structural assessment and if they find issues, put up adequate savings. Then it cites the number of condo units for sale. Then it cites the number of condo units that have done price reductions. It does not say that the price reductions are because of the assessments! It’s Florida; it’s far more typical to have price reductions and for units to stay on the market for a few months, compared to dc where stuff sells quickly. It sounds like “some” buildings have issues and/or are in for a future shock. And those buildings are going to have a crisis. But this does not make for a statewide crisis. [/quote]
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