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Florida real estate bombshell could destroy a lot of wallets
A ‘Mornings with Maria’ panel discusses how Florida’s latest protection needs for significant-increase condos and flats will effects property owners. Very last Could, Florida Gov. Ron DeSantis handed legislation mandating unexpected emergency reserve money for condominiums statewide right after the tragic collapse of the 12-story Champlain Towers South in Surfside. Although lawmakers hope the apartment regulation overhaul will safeguard people from comparable events, some market specialists have warned that the mandatory reserves could demolish Floridians’ wallets. “These fees, they get handed on to the client in a person way or a further,” Pinion Enterprises founder and CEO Joe Pinion said on “Mornings with Maria” Monday. “Right here will come the…