By Jan Bergemann

Published November 18, 2022


The forecast for condo sales is definitely not very “rosy”! Inflation, outrageous high interest-rates, seriously increasing insurance premiums and the provisions of the “CONDO SAFETY BILL SB-4D” will put a serious financial burden on sellers and buyers.


There will still be a good market for condo units in buildings that are new – or reasonable new – and units in associations that have fully funded reserves and who kept the building well maintained.


The problem will come for folks who live in badly maintained buildings with no – or little – reserve funds who have to sell because they are unable to pay the highly increased monthly maintenance fees.


What will these families do? Sell now to “vultures” preying on these families who have no choice but to sell for a very low price or hang on to their homes until the association forecloses on their homes for non-payment of dues?


Many of these folks are now trying to blame the legislature. Well, even if the legislature is to blame for many of the serious problems we are all facing today, but this is not really one of them. The statutes made fully-funded reserves more or less voluntary and it was the owners choice to not fund the reserves. They had to vote in favor of not fully-funding reserves – and that decision is now coming back to haunt them.


On the other hand, the legislature had to act on the collapse of the Champlain Towers South that killed 98 people. In all honesty: This kind of legislation should have been enacted many years ago. Buildings have to be safe and maintenance is expensive. The fact that many associations have tried to keep the maintenance fees artificially low was really not a good decision and the owners will now pay the price for many years of negligence.


Will there be a reasonable solution? I doubt it – but time will tell!

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Jan Bergemann

Jan Bergemann is president of Cyber Citizens For Justice, Florida 's largest state-wide property owners' advocacy group. CCFJ works on legislation to help owners living in community  

associations. He moved to Florida in 1995 - hoping to retire. He moved into a HOA, where the developer cheated the homeowners and used the association dues for his own purposes. End of retirement!


CCFJ was born in the year 2000, when some owners met in Tallahassee - finding out that power is only in numbers. Bergemann was a member of Governor Jeb Bush's HOA Task force in 2003/2004.


The organization has two websites to inform interested Florida homeowners and condo owners:

News Website: http://www.ccfj.net/.

Educational Website: http://www.ccfjfoundation.net/.

We think that only owners can really represent owners, since all service providers surely have a different interest! We are trying to create owner-friendly laws, but the best laws are useless without enforcement. And enforcement is totally lacking in Florida !

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