By Jan Bergemann

Published August 11, 2023


I guess we all know in the meanwhile that SB 154 is a financial disaster for many families living in Florida’s hi-rise condos. As much as a Condo Safety Bill was needed, the financial impact on many condo owners is disastrous. Media reports already have shown that these “safety measures” enacted by the Florida Legislature will force many families out of their homes. Hopefully many of these families will see the writing on the wall before they are falling behind in paying their monthly maintenance fees and/or special assessments.


The Florida condo market is already reacting to this trend – and sales prices are going down.


Not only are developers who were eager to buy whole buildings are reneging on their purchase offers, realizing that the market is on a downward spiral, but potential buyers of single units are being careful to make offers for the requested sales-price.


The Federal Housing Administration (FHA) already reacted to the consequences of SB 154 and put quite a few hi-rise condos in South Florida on their “black-list” – meaning the buyer will not be able to get an FHA backed loan, an important factor on the resale value of these units.


Realtors are already warning potential buyers to watch the financial “Red Flags” when looking to buy a condo unit (see article “Financial Red Flags for Clients Buying a Condo”).


The big question: How will Florida’s condo market develop? Are there many “FORECOSURES” on the horizon? Will we be seeing as many foreclosures as we saw in 2007/2008?

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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:

Educational Website:

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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