Mindblown: a blog about philosophy.
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Florida’s condo crisis: In 3 Palm Beach County communities, big issues = high assessments
Licensed engineers and architects have identified significant safety concerns in three condominium complexes in Palm Beach County following inspections mandated by Florida's new law, SB 4-D. The law requires milestone inspections for buildings over 30 years old. Findings include severe roof issues at Lake Clarke Gardens, necessary repairs at Plaza of the Palm Beaches, and…
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Florida: Condo Inspection Deadline Looming
State officials aim to provide relief for condo owners before the December 31 inspection deadline.Condo associations must submit Milestone Inspection reports to assess structural integrity and reserve funding needs.
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Helene’s Winds Could Upend Florida Insurance
Helene's approach to Florida raises concerns about potential damage to homes and impacts on property insurance.The storm could significantly affect the Big Bend area, which may face its third major storm in a year.
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How Will Florida Handle the Condo Repair Crisis?
Florida faces a condominium crisis with owners possibly priced out due to costly safety repairs. A 2025 deadline requires condo associations to inspect buildings and set aside funds for necessary repairs.
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Housing Scorecard: Inventory jumps as sales slide
Nationally, interest rates decreased from 7.31% to 6.08%, while pending home sales fell from 72.8 to 70.6. Builder confidence dropped from 45 to 41, and unemployment rose from 3.8% to 4.2%. Locally, unemployment rates varied, with Miami, Fort Lauderdale, and West Palm Beach at 3.4%, and Naples at 3.7%. Housing starts increased in Miami, while…
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Will Fall Bring Relief to the Housing Market?
Home prices surged during COVID-19, raising affordability concerns. As mortgage rates increased due to the Federal Reserve's actions against inflation, the market faced challenges. Recently, mortgage rates have decreased to around 6%, and home prices have slightly moderated. However, income disparities persist, and many homeowners with low-rate mortgages are reluctant to sell. While there are…
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Experts Warn of Florida Condo Market Collapse
Florida’s condo market faces soaring costs, driven by rising HOA fees and stricter safety regulations. Experts warn of a potential mass exodus of condo owners, leading to a glut of unsold units.
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Audit Unveils Critical Fixes for Florida Insurer
Audit of Florida’s state-owned insurance corporation recommended improvements in customer service and fiscal management.Coverage includes dwellings, personal property, rentals, and additional living expenses; underwriting guidelines must be followed.
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Consejos Legales Esenciales Para Compradores De Viviendas
Confirma la propiedad y la existencia de gravámenes antes de comprar bienes raíces.Examina cuidadosamente los términos como precio, financiación y contingencias.
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Tips for a Smooth Home Selling Experience
Being well-prepared with a conveyancer and mortgage lined up can help avoid delays. Working with estate agents ensures your home is priced correctly and presented well for buyers.
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