« Respuesta #787 en: Hoy a las 06:16:59 »
https://x.com/nickgerli1/status/2011184687847534944?s=20Florida condo crash happening in real-time.
Seller cut price to $256k.
Back in 2022, it was valued at over $1 million.
75% haircut in 3 years. And 50% over the last 10 years.
This condo building was built in the 1970s, and apparently has huge deferred maintenance and repairs. So existing condo owners / new buyers are getting stuck with the bill.
($326k special assessment on this unit, also needs renovation. So the buyer's all-in cost is probably closer to $700k).
In this ZIP code, condo values have dropped about 10% in aggregate the last 3 years. But clearly some units, in older buildings with huge assessments, are getting hit much worse than market average.

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