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Message
re: One Florida Town Just Tripled Its HOA Fees To Over $3,300 A Month
Posted on 3/5/25 at 9:21 pm to Dadren
Posted on 3/5/25 at 9:21 pm to Dadren
Insurance is high and rising in Florida. But this one was also poorly managed and has a lot of code violations with the county. It is also old and the inspections and upgrades are a bear.
Article mentions that investors may buy units cheap and redevelop. Sucks for the owners, value is dropping like a rock.
Article mentions that investors may buy units cheap and redevelop. Sucks for the owners, value is dropping like a rock.
1
Posted on 3/5/25 at 11:13 pm to John Barron
It’s the insurance. I remember years ago people were pouring out of the phoenixs and condos in Orange Beach etc because of that. The yearly insurance cost was a 1/3 the value of the whole building. Even all my doctor buddies were getting out and most of them didn’t have a mortgage or anything.
Florida is becoming unaffordable to most retirees etc. They are basically done
Florida is becoming unaffordable to most retirees etc. They are basically done
Posted on 3/5/25 at 11:57 pm to OweO
quote:Shiny hook is so shiny….
What if you buy a house and fail to pay the HOA fees?
Stop with the contrived “I’m so dumb….” schtick please.
Your default settings will organically and honestly get you there.
Posted on 3/6/25 at 12:57 am to SloaneRanger
They tell you in the article exactly what happened.
Sounds like the association did a piss poor job managing the needs of the property over the years and it's caught up to everyone.
quote:
The Winter Park Woods Condominiums Association raised fees due to millions owed to Orange County for code violations
quote:
The Daily Mail report says that the hike also covers increased insurance costs and new legislative requirements following the 2021 Surfside condo collapse, which mandates structural inspections for condos over 30 years old and additional repair funds.
Insurance costs have risen due to more frequent natural disasters like hurricanes and flooding, pushing HOA fees higher for repairs and mitigation. "We underfunded the reserves, that has been happening," Roy admitted.
Sounds like the association did a piss poor job managing the needs of the property over the years and it's caught up to everyone.
Posted on 3/6/25 at 1:28 am to kywildcatfanone
quote:
A town or neighborhood?
Right…since when does a homeowners association apply to a whole town? They must have no sales or property taxes in that town….
Posted on 3/6/25 at 5:03 am to John Barron
Our retirement plan for years was a condo in or around Stuart with a deeded covered slip. Not anymore. The number of people in Florida who are on a fixed income who have been forced to vacate their property because the HOA fees increased far beyond what it cost so the lawyers could buy the places for a song and a developer can come in, tear it down and build a more expensive model is staggering.
Posted on 3/6/25 at 5:14 am to AwgustaDawg
Let me guess, developers is code for Jews for you. Read the actual cause that was posted two posts above:
quote:
quote:
The Daily Mail report says that the hike also covers increased insurance costs and new legislative requirements following the 2021 Surfside condo collapse, which mandates structural inspections for condos over 30 years old and additional repair funds.
Insurance costs have risen due to more frequent natural disasters like hurricanes and flooding, pushing HOA fees higher for repairs and mitigation. "We underfunded the reserves, that has been happening," Roy admitted.
Sounds like the association did a piss poor job managing the needs of the property over the years and it's caught up to everyone.
Posted on 3/6/25 at 5:58 am to Tomatocantender
quote:
My mother pays $1800 mo in HOA fees in Perdido Key. This is up from $1200 since 2022 but it's her primary residence. I thought that was high as giraffe pussy but $3300 is insane.
Try owning a condo in the Four Seasons in New Orleans. Boysie’s 17 million dollar stabbing pad on the 30th floor listed nearly 7 grand a month in HOA fees when it was listed for sale a few years ago.
But if you can afford a 17 million dollar penthouse and a house in the garden district, you can afford the HOA fees.
This post was edited on 3/6/25 at 6:00 am
Posted on 3/6/25 at 6:17 am to John Barron
What’s the back story here? HOA have to pass a budget. They have to take care of the common space (mow and insurance), take care of any lakes, pools, HOA building (condo in article). But if the roads within the facility are private maintenance then the HOA is responsible for that as well.
I will never own a home in a subdivision with private roads for this reason.
I will never own a home in a subdivision with private roads for this reason.
Posted on 3/6/25 at 6:20 am to Uncommon Idea
quote:
new legislative requirements following the 2021 Surfside condo collapse, which mandates structural inspections for condos over 30 years old and additional repair funds.
This is hitting condo buildings all over the state
Posted on 3/6/25 at 6:21 am to FightinTigersDammit
quote:
If the HOA violated code, why do the residents have to foot the bill?
The HOA is the residents.
Posted on 3/6/25 at 7:36 am to soccerfüt
I ask questions because I like to hear answers from people because it might provide me with interesting information I wasn't aware of. frick off.
Posted on 3/6/25 at 7:38 am to Napoleon
quote:
Imagine owning your house outright and having it forclosed on over hoa fees.
or having Karen tell you what you can do with it.
Posted on 3/6/25 at 7:59 am to John Barron
HOAs used to be dumb but Airbnb made them cool again.
Posted on 3/6/25 at 8:04 am to OweO
quote:
What if you buy a house and fail to pay the HOA fees?
You originally signed in your home purchase contract that you will pay the HOA fees monthly. Failure to do so, eventually the HOA attorney will contact you to pay up. If not, they will put a lien on your home.
Posted on 3/6/25 at 8:06 am to John Barron
Ryno and BRgetthenet finna eat 
Posted on 3/6/25 at 8:13 am to Gravitiger
That’s so 2005 of you. Now you have HOA companies that get invited into neighborhoods to police residents and purposefully find issues
Posted on 3/6/25 at 8:14 am to Napoleon
quote:
Imagine owning your house outright and having it forclosed on over hoa fees.
People would “disappear” if that happened to me
Posted on 3/6/25 at 8:16 am to John Barron
quote:
One Florida Town
X post to Zero Hedge to Daily Mail and finally the source
quote:
The Winter Park Woods Condominiums Association provided owners with three reasons for the HOA fee hike.
Per Google
quote:
The Winter Park Woods Condominiums Association is a condominium complex in Winter Park, Florida. The community is known for its unique architecture and mature landscaping
quote:
One Florida Town
quote:
Town
quote:
"So much for moving to Florida to pay less due to taxes...
On brand as usual
Posted on 3/6/25 at 8:18 am to SoFla Tideroller
quote:
The problem some of these HOAs have is they used to carry large reserves. The residents got mad and voted to disburse the funds and carry minimal reserves in cash. Then, Surfside happened and the state required these HOAs to maintain large reserves. So, they got caught with their pants down and had to jack up the monthly fees or hit everyone with an assessment.
This, and, apparently, the complex owes millions in fines
quote:
The Winter Park Woods Condominiums Association provided owners with three reasons for the HOA fee hike.
Orange County is owed millions of dollars for code violations
Insurance compliance
Senate Bill 4-D, the legislation passed in response to the Surfside condo collapse in South Florida that killed 98 people in June 2021
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