We Underfunded the Reserves

“And I love this location, which is why I stayed here all this time, through the ups and downs,” Winter Park Woods condo owner Lorraine Roy said.

For Roy to keep living in her three-bedroom condo of more than three decades, her new monthly HOA fee has tripled to $3,371.79.

“This is way too high,” she said.

Florida condo owners struggling to afford skyrocketing HOA feeshttps://www.wesh.com/article/florida-condo-hoa-fees/63790370

Yikes. I guess I shouldn’t complain about my HOA dues increasing to $550.00…annually.

Scary Charts 12.01.24

Office CMBS Delinquency Rate Spikes to 10.4%, Just Below Worst of Financial Crisis Meltdown. Fastest 2-Year Spike Everhttps://wolfstreet.com/2024/11/30/office-cmbs-delinquency-rate-spikes-to-10-4-just-below-worst-of-financial-crisis-cre-meltdown-fastest-2-year-spike-ever/

Yikes.

The world’s worst countries for binge-drinking https://www.statista.com/chart/5357/the-worlds-worst-countries-for-binge-drinking/

Yikes.

Which Lifestyle Changes Can Make You Live Longer?https://www.statista.com/chart/31766/reduction-in-the-risk-of-premature-death-after-age-40-when-sticking-to-the-lifestyle-factors/

Yikes.

The Worst U.S. States For Binge Drinkinghttps://www.statista.com/chart/12345/the-worst-us-states-for-binge-drinking/

Yikes. But a great day for Scary Charts!

Scary Charts 05.16.24

After the collapse of a Surfside Building on June 24, 2021 that killed 98 people, the state passed a structural safety law that is now biting owners. Not only are insurance rates soaring, but owners are hit with huge special assessments topping $100,000. Florida Condo Owners Dump Units Over Six-Figure Special Assessmentshttps://mishtalk.com/economics/florida-condo-owners-dump-units-over-six-figure-special-assessments/

Ouch.