Florida's Condo Crisis: Insights from CFO Jimmy Patronis

Florida’s Condo Crisis: A Growing Concern

Florida is facing a severe condo crisis exacerbated by rising insurance costs and new legislative measures. CFO Jimmy Patronis recently spoke at WPTV about how these issues are affecting homeowners across the state.

Rising Challenges for Homeowners

• Many condo owners are being priced out of paradise due to escalating costs.
• The aftermath of the Surfside tragedy has led to significant regulatory changes.
• A critical deadline for assessments is forcing owners to consider selling their properties.

Legislative Support Needed

Patronis believes state lawmakers should convene this year to address the condo crisis. He echoes sentiments shared by Gov. Ron DeSantis during a recent discussion in South Florida.