Condo owners say they are being forced out in Miami

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CBS Miami

Күн бұрын

CBS News Miami's Ivan Taylor reports on condo owners in Miami being forced out of their properties.

Пікірлер: 5 300

@rambonation363 9 ай бұрын

So even if you buy your house or condo anyone can come and force you out. Sounds like you don't really own anything even after you've purchased it. This is ridiculous and shameful as hell.

@marktwaine9344 9 ай бұрын

that's correct....and if you don't pay property tax they take your home....so we REALLY don't own anything....

@mr.a. 9 ай бұрын

I don’t understand. There’s no property tax on condos? I own a home in Miami. I didn’t know about this.

@cheshirecat6518 9 ай бұрын

@@mr.a.that's not what he's saying about taxes. He's saying you can own a home and the government can take it.

@Jude74 9 ай бұрын

One of the big problems with owning second homes is that you don’t want to pay the same amount of maintenance that you would on your primary home. And that building had a lot of owners who use it as a vacation rental or as a second home. As a result, it had a ton of deferred maintenance. I’ll give you an example of another building with a ton of deferred maintenance, Champlain tower in Surfside. I feel bad for them because they’re obviously full-time residents. But the building is in poor condition and not safe to live it. They were giving above market value offers. So it’s really on them at this point.

@johnnymentero6313 9 ай бұрын

@mr.a. You say you own a home in Miami. Well... according to this report = you don't. If a third party can force you out of your property, it clearly isn't "your property" to start with.

@areareare9953 9 ай бұрын

This is why investment companies need to be kept out of housing. We own nothing, only the rich do

@enjoyslearningandtravel7957 9 ай бұрын

So what is the alternative, that the government owns everything? Just curious

@TUKByV 9 ай бұрын

They rent politicians.

@thedirtybubble9613 9 ай бұрын

They bribe the politicians in the city.

@Chris_L034 9 ай бұрын

even if the rich dont pay their taxes, they dont own anything either.

@donnajacksunn489 9 ай бұрын

So damn true 😢

@dylanmoris6211 4 ай бұрын

People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.

@LionTowercoporation 4 ай бұрын

buy now, home prices will not go lower. If rates drop, you can refinance

@KelvinWallace 4 ай бұрын

To be on the safer side and not second guess your market decisions, I’d suggest you reach out to a proper investment adviser for guidance, they’re better equipped at understanding market patterns/movements and adjusting portfolio to match up with these market trends.

@williamsbrown4026 4 ай бұрын

@@KelvinWallace you seem to have the Market figured out. Who is the advisor you could recommend and trust

@KelvinWallace 4 ай бұрын

I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary " Colleen Janie Towe " actively restructuring my portfolio for the past 5 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.

@williamsbrown4026 4 ай бұрын

@@KelvinWallace Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@Riggsnic_co 4 ай бұрын

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@martingiavarini 4 ай бұрын

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

@bob.weaver72 4 ай бұрын

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

@TheJackCain-84 4 ай бұрын

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?

@bob.weaver72 4 ай бұрын

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

@TheJackCain-84 4 ай бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@donnastokes-manning6175 9 ай бұрын

THIS is why I would NEVER buy a home in a building or in a subdivision with an HOA. Property owners lose rights that way. It’s unscrupulous and shouldn’t be allowed. These people paid for their units with many believing they would never have to move again. I don’t understand how this could legally happen.

@royaldiadem_ 9 ай бұрын

You could have a regular home. Doesn’t matter… If a corporation wants the land your azz is out. Period.

@californigirl 9 ай бұрын

Oh, don't you are safe just because you "own" a mortgaged detached property. Farmers are being forced off their generational land, people's mortgages are being bought by Chase, or Blackrock, and suddenly payments are skyrocketing and people forclosed on, Amish farmers are being raided and shut down, or - consider Láhainá...

@SK-lt1so 9 ай бұрын

@@royaldiadem_ How?

@bellinghamfpv 9 ай бұрын

This has nothing to do with a HOA.

@laurenurban3942 9 ай бұрын

This has everything to do with hiring a decent attorney and understanding your property deed/purchase agreement. There must have been something in the sales agreement that explained the buyer and seller’s rights. Sounds like an imminent domain situation with the corporation acting like the government through a prior agreement. I would have taken a fair market offer and called it a day.

@UpUpDnDnLtRtLtRtBAStart 9 ай бұрын

$400k is absolutely disrespectful.

@rsgabrys---- 9 ай бұрын

--------------------------- agreed.....what is there to do..... hire atty. ....? fight large realestate corporation .....good luck w/that .....not just Miami ....r_e brokers (banks) invade large cities throughout entire country.... under buyout siege.....thanks4sharing

@Steve56179 9 ай бұрын

for waterfront condos in Miami, absolutely

@sting114 9 ай бұрын

It’s worth at least 1.5 million $

@martincarr4204 9 ай бұрын

@@sting114 after they construct a new building that will be the asking price.....for a unit.....

@letsgobrandon987 9 ай бұрын

Yeah but they willfully rejected above market offers to vacate. They had poor legal advice if they though they could stay after the 80% voted to take their offers. Now they are crying to the media. Sorry but as a FL condo owner myself who knows what I got into….I have little pity.

@MESSEDUPWORLD30 8 ай бұрын

UNREGULATED CAPITALISM AND CORPORATE GREED IS A PROBLEM. 😮

@watchdealer11 8 ай бұрын

NEVER, EVER, EVER buy a home in an HOA, condo, or anything where you don't own the land outright. Make sure you can easily afford to pay the property tax, even if you lose your job!

@Ramnik72 8 ай бұрын

State owns the land, u never own the land

@CC12398 8 ай бұрын

Good advice, I don't think some of these long-term we're really aware of that back in the day. Hopefully they will give them triple or quadruple the amount

@WilliamsPinch 8 ай бұрын

Agreed. But clearly these people made these “purchases” decades ago. And I imagine the laws have evolved right under their noses.

@watchdealer11 8 ай бұрын

@@WilliamsPinch true

@JDCUSA 8 ай бұрын

Eminent domain. The government can force you off of “your” land also.

@EuroS50 9 ай бұрын

As a native Floridian, developers and investors and absolutely destroying this state. I've never seen anything like the last 3 years here in my lifetime.

@nenaj1 9 ай бұрын

Gentrifiers

@vetgirl71 9 ай бұрын

Thanks to Desantis or “De Satan”! He is destroying the state of Florida! Pulling it down to the gutter & bringing predators rich investors and developers to Florida! I bet some of these people who got kicked out voted for that vile vicious mongrel! 🙄

@moremiaj4786 9 ай бұрын

Florida developers and investors are messing up the whole of America and causing several states in dominoes form, to enact rent controls and other policies. It appears Florida is like hell and all its demons are flying out.

@PatricioGarcia1973 9 ай бұрын

@@maidenthe80slathey never go broke, they get subsidies from the government or tax abatement for 20 years, or other deals like that.

@clementine4133 9 ай бұрын

The country, they are destroying the country. It is pai ful to see. Between those fires burning nature and homes, lands being sold after (!!!), condos being forced taken, family homes being bought by corporations while families try to make it... what is the future?

@john-sebastianbarrera1884 9 ай бұрын

This should be a warning for all future condo owners.

@letsgobrandon987 9 ай бұрын

Not really. It’s rare for this to happen and most people are smart enough to take the above market offers. These holdouts are foolish and got poor legal advise if they thought they could fight it. I’m a FL condo owner myself and if I got above market offers for my place I’d take the money and run, especially in this inflated market.

@nyc1655 9 ай бұрын

Indeed

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@letsgobrandon987 9 ай бұрын

@@WELVAS. Thankfully. Otherwise we’d be over regulated like California and New York. There is a reason the Florida real estate market is still booming compared to most other places and it isn’t because we are run by a bunch of liberal idiots.

@ammitthedevourerofsouls 9 ай бұрын

A warning to everyone in this earth school experiment. Babylon has fallen.

@dbsql6238 8 ай бұрын

I looked deeper into this story. The reason for the owners to be forced out is that it is basically cheaper to destroy the building and rebuild a new building than to force residents to pay for all the construction that will take 5 years or more to complete. Once the building is up-to-code, the maintenance will be more reasonable but the condo purchase price will be 10x the price of the old building. I speculate that in another 50 years, rinse and repeat.

@alainportant6412 4 ай бұрын

Such a jewy thing to do

@chicagonorthcoast 4 ай бұрын

I don't think any building in coastal Florida is going to last another 20 years, never mind 50.

@Tugela60 4 ай бұрын

@@alainportant6412That is how every business is run. The majority vote carries the day once it gets over a set threshold.

@AngstG 4 ай бұрын

This is why iy is wise to NOT purchase a property that involve excessive community obligations.. Keep it simple, FEE SIMPLE..

@dbsql6238 4 ай бұрын

@@chicagonorthcoast It will start the increase in maintenance at 20 years and try to keep the building functional until around 50 years. Maintenance can keep the thing functional but at some point it makes sense to destroy the build and rebuild. It wouldn't be a smart investment to live on the beach unless it was a grass hut.

@animateddepression 7 ай бұрын

Meanwhile, in the condo where I own a unit, a group of us are hoping to find a developer because we bought in an older building and know it’s only a matter of time before a massive special assessment that will destroy the value of our units. Be careful where you buy!

@reellove6710 9 ай бұрын

We did this in our Miami condominium. Here is what is not in the video: 80% of the unit owners in the Association voted to terminate the declaration of condominium and accept an offer from a developer to redevelop the property. WHY? Because in Florida ALL condominiums MUST complete a 40 year (now 30 year) recertification of structural integrity and every 10 years thereafter. That recertification requires that the building comply with all building codes. In our case, that was going to cost $5M ($100,000 per unit) considering the cost to replace an old roof, out of date elevators, windows, refurbishing the pool and much more (another $2M +/-). In short, the Unit Owners for YEARS refused to pay to maintain the building resulting in millions of dollars in deferred maintenance. On top of the 40 Year Recertification requirements, as of December 31 ALL FL condominium reserves must be fully funded. Many condos are not fully funded and must specially assess to fund reserves. Then here is the new reality of the cost of insurance. In our building insurance went up from $130,000 in 2020 to $750,000 for 2024. Condo fees commencing May 1, 2023 were just shy of $3000 per month. So most of the unit owners said enough is enough. That is what happened here. There were hold outs who did not want to sell. Sorry, but if you live in a condo it is majority rule. Living in Florida is not cheap. Florida's legislature has done an extremely poor job of dealing with the insurance crisis, the Champlain Towers disaster, and skyrocketing taxes.

@AFAskygoddess 9 ай бұрын

Thank you for your detailed explanation.

@Jillousa 9 ай бұрын

Thanks for providing more context

@bamelive 9 ай бұрын

When these recertification requirements were imposed?

@jrod238 9 ай бұрын

always two sides isn't there. thank you

@Kenneth_R 9 ай бұрын

The news story did not explain anything. Totally useless. Thanks @reellove6710 for explaining the truth.

@MilesBellas 9 ай бұрын

This is why regulations need to exist to protect people's lives.

@joeyork9891 9 ай бұрын

Trumpies love deregulation Until it happens to them 😂

@pierceferriter4664 9 ай бұрын

Need more laws to protect stupid people…that’ll do it.

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@TheJanet4321 9 ай бұрын

Yes, regulations protect citizens, that's why businesses don't like them.

@pierceferriter4664 9 ай бұрын

@@TheJanet4321 Citizens own the business’s that provide jobs to other citizens.

@freyastar4399 9 ай бұрын

When I was younger I wanted a condo.. as an adult, I know it is a foolish move.. you pay as much as you do for a house with a yard and actual privacy. There are neighbors right there, on your sides, above and below you. You share walls.. that is literally an apartment.. you just paid a bunch of money for an apartment. No. Just buy a house ppl.. I mean, now isn’t a good time. But when the time comes but a house. Stop giving money to these ppl who can care less about you.

@marinachristian3068 3 ай бұрын

You are only buying air space.

@davidhunternyc1 9 ай бұрын

How is this legal? They are owners of their apartments! This is disgusting. I don't care what the law says. Laws were written by the rich to serve the rich, not rightful homeowners.

@jasona.2044 9 ай бұрын

Florida…. They don’t care about you

@hadley407 8 ай бұрын

Sounds like some bullshit law that as long as 80% agreed to sell then the whole building could be sold. Doesn’t sound right to me.

@disguiseddv8ant486 8 ай бұрын

They're owners of their inside units but not owners of the building infrastructure itself.

@noellebazzi5618 8 ай бұрын

They own the air inside the apt 😂😂😂

@davidhunternyc1 8 ай бұрын

@@noellebazzi5618 If the building used a HEPA filter, they payed a monthly subscription fee for that too.

@michaelrains2268 9 ай бұрын

$400,000 thousand for units worth over one million! WOW ! Robbery!

@gpk1982 9 ай бұрын

It’s insulting and disgusting. I hope they won their lawsuit and get every bit of the financial compensation they deserve.

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@mntrader2 9 ай бұрын

Well. 1 million is a bit if a stretch.

@4evahodlingdoge226 9 ай бұрын

The other owners took the money so clearly the units aren't worth over a million.

@michaelvargas2005 9 ай бұрын

No apartment has sold for even half million in that building. Let alone 1 million 😂😂😂

@pepethepatriot7524 9 ай бұрын

My parents have been saying Condos are a scam for the past 40 years. They weren't saying that for no reason.

@MAfanwoods37 9 ай бұрын

Its a wonderful middle class option. Its worked nicely for many. I never had issues. Its a necessity for elders

@leezap 9 ай бұрын

Do you propose putting single family homes at that location? How many homes can you build?

@mikefigures5075 9 ай бұрын

Your parents are the most intelligent people I’ve ever heard about in my entire life.

@LynnEdwards-sl7jd 9 ай бұрын

And yet they produced you? Dysgenic breeding.

@Peace_love23 8 ай бұрын

Sounds to me like an unconstitutional act!!!

@SeattlePioneer 5 ай бұрын

That's because all you know is from a tear jerking media account and the words of a foolish and ignorant former condo owner.

@lucid484 9 ай бұрын

How can someone force you out of something you own?

@AngstG 4 ай бұрын

easy - the fine print of the purchase agreement would indicate that you really don't own the thing outright. Awful tricks indeed, so these things always need full disclosure up front in BOLD print...

@larrys4618 4 ай бұрын

You don't own it. You subscribe to it. Real estate "ownership" is a yearly subscription.

@glenw-xm5zf 3 ай бұрын

@@AngstG That means it's leasehold property. Not Strata title. DON'T BUY!! Devolopers are the most ruthless and greedy business people on the planet

@spazzman90 3 ай бұрын

Easy. The place was a maintenance disaster waiting to happen. The smart owners (80% of them!) saw the writing on the wall. The choice was to take a fair offer and get out or be assessed probably 100-200k in a maintainence fee. Do nothing was no longer an option here.

@MuzicTunes-lk6np 3 ай бұрын

It's sad because if you're forced out & still have mortgage payments on your unit, you're paying on something you have no right to call as your own. It's not uncommon.😢

@darkalligator 9 ай бұрын

They can legally steal from people? Wow

@_LM_ 9 ай бұрын

It's Florida, where cheating is standard business practice.

@ruffian-wl1nd 9 ай бұрын

This is America the capitalist capital of the world.

@the.purplepeoplesowl 9 ай бұрын

It's Florida... What do you expect.

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@ac61900 9 ай бұрын

We need to vote for people who are willing to put a stop to rich people and corporations just running over everyone

@ThroughTheHaze 9 ай бұрын

This is disgusting. I feel so bad for these people.

@BARONsProductions 9 ай бұрын

Problem is they offered them 400k$ whilst it's valued at 1.2mil$ 4x more

@SkepticCat-pz1zz 8 ай бұрын

Why are corporations granted more rights and constitutional exceptions than individuals?............politicians and lawyers !

@marinachristian3068 3 ай бұрын

Money, honey.

@domfer2540 9 ай бұрын

Courts should step in and stop this outrage. I left Miami in the 70’s, back then I was sure government was evil. This proof. My lived in Miami since the 1920’s and just got to bad. Just a note, in Florida you can own property as long as it convent to the government. They will take and give it to private businesses.

@valentinalicheli1928 8 ай бұрын

COMMUNISM to the MAX.

@jeng1395 9 ай бұрын

This is frightening. How can they own condos but be forced out? This is unreal.

@user-nk4xm1rd1k 9 ай бұрын

The residents own the condo, but not the building.....Their home is on someone else's property....🙄

@jsch9173 9 ай бұрын

You don’t know that. Usually condos own the land under the building. In this case, a developer bought out most of the other owners and dissolved the condo association.

@tempgirl00711 9 ай бұрын

the first I'm hearing Abt this one. It's like a big brother to HOA, the HOA can take ur condo if u don't pay their fees. They can do a quick foreclose n sell it for the amount of ur late fees. Sounds like a builder can buy bldg, dismantle HOA and kick u out even without selling ur actual unit? Is that correct? They offered, people refused, now just get out with nothing? WOW they're more brutal than their lil bro the HOA

@Cyber_Freedom 9 ай бұрын

Don't forget to thank desantis. The man has been so good for florida. 🤑

@drewgootz1713 9 ай бұрын

its not... these people were going to be well compensated and can negotiate... win win for everyone including us with more supply in the city... these people probably had a mental illness

@jacquelinegarvin4520 9 ай бұрын

This is why I never understood how a person could buy an apartment inside of a building that they don't own.

@gladitsnotme 9 ай бұрын

You never understood how a person could want to live in a city? You think cities like Miami are full of sprawling mansions for everyone to buy??? 🤡

@phatplates 9 ай бұрын

@@gladitsnotmeIt looks like the original poster wrote "This is why I never understood how a person could buy an apartment inside of a building that they don't own." You must be dyslexic.

@gordonmccracken1209 9 ай бұрын

There isn't enough land to build enough houses in the same area.

@Commonsenseisnotcommon8 9 ай бұрын

When you’re a condo, owner, you own a percentage of all common property. The building, the landscaping, the pool, blah, blah blah. I think those police were in the wrong honestly, because those owners do on that property. Not just, the investment firm, Something doesn’t make sense.

@genxx2724 9 ай бұрын

@@Commonsenseisnotcommon8 They have the right to use the walkways, and the right to invite guests, including media. The police were wrong.

@lostintheelf 8 ай бұрын

that

@bmichael8187 4 ай бұрын

I'm a real estate agent and former Vice President of an HOA. Owning a condo is not like owning a house. In a condo, you only own the space between the walls and a fraction of the grounds (if any). In this case, it sound like the vast majority of owners and the HOA decided to sell because of the expenses for deferred maintenance. I would have been happy to sell and leave because who wants to live in an old crumbling high rise. We already saw what happened in Surfside where the building collapsed. They might be holding out for more money too. But who knows?

@dustywilson5461 9 ай бұрын

Those residents BOUGHT those units. That is THEIRS. Taking it from them is THEFT.

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@michaelvargas2005 9 ай бұрын

No. They bought a share on the property subject to homeowners association disolution and it's corresponding legal consequences.

@1MrAngel1 9 ай бұрын

It's only theft if you rob Target of toothpaste or Walmart of a frozen pizza

@tempgirl00711 9 ай бұрын

@jakeengel9377 9 ай бұрын

Yeah, well expect that to change soon. A large percentage of people live in Condominiums and will not stand for this. I hope the investors lose everything @@michaelvargas2005

@paulcrescenti5581 9 ай бұрын

How cool for developers in Florida! Just take over a whole premium beachfront location and give original owners pennies on the dollar for their units. Resell the new units at top dollar. How wonderful for the billionaires that are doing business by destroying people’s life savings and filling their pockets with sales of other people’s real estate that they swindled from them.

@leelaural 9 ай бұрын

believe it or not, many people buy a home/condo to live their whole lives in....by forcing them out they are forcing people out of their history, traditions, dreams....

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@stephb3321 9 ай бұрын

@@maidenthe80slaagree. It’s happening in WA State where I live. Chinese and Russian investors are swooping up prime real estate, something our realtor told me (who has been in the business over 40 years). We sold my mom’s outdated 1970’s house (only 1,500 sq feet) in 2021 for $760K. A Russian developer (who lied to us about who he was) flipped it and sold it for $1.7M. It was ridiculous.

@benholderby7300 9 ай бұрын

@@WELVAS.True. Of course liberal regulation burns acres and kills 100s of people to take over real estate.

@JaredMerlin 9 ай бұрын

Exactly!

@marcusmackerl6601 9 ай бұрын

Greed is Literally destroying the planet! How can you just snatch a person's home away from them? It's freaking sick!

@soILLitsADVISED 9 ай бұрын

If you can force condo owners out of their homes, then these ppl were just paying rent all along…which is the problem to begin with. How can anyone lawfully undo a mortgage they didn’t sign into?

@dparks3784 9 ай бұрын

Exactly, it was very expensive rent all along.

@susansmith323 9 ай бұрын

So sad😢

@OMGWTFLOLSMH 9 ай бұрын

What are you talking about? Not a word was mentioned about mortgages. The one woman has been there for decades, she's likely mortgage free. This has to do with being forcefully removed from a home that you have title to, regardless of it having a mortgage.

@soILLitsADVISED 9 ай бұрын

@@OMGWTFLOLSMH you have a title/deed for property you have/had a mortgage on. Or am I wrong?

@OceanfrontWaves 9 ай бұрын

@@soILLitsADVISED- Not everyone has to have a mortgage. That has nothing to do with it. There are specific underwriting guidelines and requirements when it comes to condos, especially in in Florida. It’s been that way for over 20 years.

@ocphur3681 9 ай бұрын

If they havent sold their units how are they unlawful inhabitants?

@marktwaine9344 9 ай бұрын

because the company bought the building, NEVER buy a condo....you NEVER really own it....

@LP-rp2yn 9 ай бұрын

You own the space inside the condo so you own pure air they own the walls

@michaelvargas2005 9 ай бұрын

@@marktwaine9344thank you

@philipparana9225 9 ай бұрын

They would have to buy all the units. The developer owns all the other units. That's how it goes in the condo market.

@KawakebAstra 9 ай бұрын

racketeering .. result of industry bribing aka lobbying

@Twilight_Charger 9 ай бұрын

A perfect explanation is found in the TV broadcasters final comment: Developer offered 400k to unit owners to sell. Cost of maintenance over a number of years for recertification (say$200k per unit) nearby similar unit sells for $1,500,000. Maintain your buildings people!

@allanhidalgo6636 9 ай бұрын

Something similar is happening at Gardens On the Bay in Miami Beach! New owner is making it impossible for the tenants!

@happyfunjenn 9 ай бұрын

If its the law that's not protecting they need to vote for better law makers. This is totally unjust.

@mekajones7273 9 ай бұрын

Vote? You all still think y’all vote really matter 🤔

@TheVuduYuDu 9 ай бұрын

Welcome to Florida.

@TUKByV 9 ай бұрын

Changing laws won't matter much, because the concept of condos is just a really bad one. Living in a condo is just asking out loud to get abused and robbed. Ask me how I know.

@boknow5506 9 ай бұрын

@@TUKByVlots of them don't stay there so they own a few and rent them out and that's the problem bc they use it as income and while capitalism is not always good and condo can raise the fees anytime

@TUKByV 9 ай бұрын

@@boknow5506 I have a condo. I am also certified for board membership.

@thomasstecyk792 9 ай бұрын

It just goes to show that even if you pay for your condominium, you really do not own anything. Buy low sell high, bending Condo owners over their desk on the way out.

@boknow5506 9 ай бұрын

Moving on up to the deluxe apartment we're the beans don't burn on the grill took a lots of trying to get up that hill ha ha they renting and making money and condo you never really own it and hundreds of unit

@gobbletegook 9 ай бұрын

@@repentandbelieveinJesusChrist4 Behold, Satan demanded to have you, that he might sift you like wheat

@Big-Government-Is-The-Problem 9 ай бұрын

its always been that way and anyone who ever thought they fully owned a condo that their offspring could live in 10 generations from now is an idiot. that only works if you own the entirety of the land and the building, or ofc in an average example the farmland and the home. even then, the feds/state truly own it and can come in on a whim and steal it, but land ownership is the best option we have if we want the freedom to live peacefully without being bothered.

@albeit1 9 ай бұрын

Collectively owning something carries certain risks. An individual owner can’t block what everyone else wants to do. An arrangement that requires unanimous consent to do anything is an arrangement that either never does anything or where a minority can demand a high price for acquiescing.

@marieaug9322 9 ай бұрын

In this country, the land doesn't belong to you. Only the building. Its probably why somehow they can punk it out of you... say what you want in the US about Haiti, but we buy the land, not the building only.

@thebestisyettocome4114 8 ай бұрын

I live in Clearwater Beach Florida. In a highrise building. It happens more than you think.. There in Miami Florida, $400K sounds like a lot, but a drop in the bucket.

@jameshinson5406 8 ай бұрын

This is sick and I bet NOTHING is done. Everyone involved has a special place for them on judgement day🙂❤🙏

@valentinalicheli1928 8 ай бұрын

Yeah, but God allows such Atrocities to people who did NOTHING WRONG in their lives?? Why Judgement Day if GOD cannot take care of the Good Ones NOW.

@reynoldrosa 9 ай бұрын

How is it possible for these developers to literally steal people’s property from them. If they’re going to take possession of the property, then they need to fairly compensate the owners by paying full-market value. Otherwise, they’re stealing the equity the owners have built up on their property. This should be illegal. The law needs to be changed.

@marktwaine9344 9 ай бұрын

but it hasn't yet, the the developers know it...

@gpk1982 9 ай бұрын

I’m dumbfounded as well. I hope these people win their lawsuit and get the full value of their stolen property along with compensation for pain and suffering.

@mydongpandong9644 9 ай бұрын

If the HOA board decided to sell and majority of homeowners agree, pack your stuff and leave.

@reynoldrosa 9 ай бұрын

@@mydongpandong9644 That’s precisely why I would never buy a condo or buy property anywhere that has a homeowners association. When you look at this situation, you have to ask who really owns the property. These people are thieves, plain and simple.

@fremontpathfinder8463 9 ай бұрын

Welcome to the USA.

@bellebonjour 9 ай бұрын

Not everything in life is about the money. It's easy to judge people who rejected the offers, but these are people's lives that you are messing with...their memories, their homes...

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@trukarmak9161 9 ай бұрын

I lived an apt since childhood and was forced to leave several years ago. The entire experience was jarring and I didn't even own my apt. I cant imagine what it must feel like for these people.

@bellebonjour 9 ай бұрын

@@trukarmak9161 I’m so sorry that you had to experience that.

@BigLeagueChew11 9 ай бұрын

Money comes first in capitalism.

@jacquelinefraga9937 9 ай бұрын

Thank you.

@BarrierIsland 5 ай бұрын

This is a nightmare but there are millions of condominiums in Florida that are solvent. Ask for full disclosure before offering a purchase...

@Stephen_A. 9 ай бұрын

The building is probably in danger of collapsing. Get out while you can.

@jimsouff3695 9 ай бұрын

That's why right now people should stop buying in these apartments

@xelasomar4614 9 ай бұрын

When you live in a city and want to continue living in it, there is not much choice.

@Shebathebigcat 9 ай бұрын

@@xelasomar4614yeah well I would never buy something I had to leave. No matter the location.

@Luisjusthere 9 ай бұрын

@@Shebathebigcatsince we’re talking about south Florida specifically, you’re either buying or renting. Renting you’re paying almost double monthly than owning (condo) and owning you run the risk of stuff like this happening. Aside from that I don’t really see the other options

@Shebathebigcat 9 ай бұрын

@@Luisjusthere I'm sure your correct about the area but to many storms. The bad weather is another reason to avoid the area. But if your filthy rich you have enough income to recover from these red flags.

@gladitsnotme 9 ай бұрын

@@ShebathebigcatSo you want everyone who lives in a town home or HOA single family home community to stop living there? Where will 120 million people go?

@patsyshafchuk5368 9 ай бұрын

I feel so sorry for those residents. Especially the woman who just wanted to live out her final years in the home she established decades ago.

@tinawindham6958 9 ай бұрын

I’d love to know what she paid way back then! And what they are getting …400,000? Lollollollol..that was funny! They are reaping those condo owners!

@leezap 9 ай бұрын

Then buy a single family home. Once they get 80% of the owners to sell, the developers own it.

@NicEeEe843 9 ай бұрын

The building was really old and dangerous, the vast majority of owners themselves opted to sell. They are all being paid from the sale of the land, they’re gonna make money from that. Sorry it’s an old moldy dangerous building, most of the tenants didn’t want to pay a crazy price to fix the building so the majority of them instead opted to sell. Those 3 tenants who wanted to stay in a dilapidated building could pay to get it fixed but without 80% of the other tenants wanting to pay they probably can’t afford how crazy it’ll cost to fix so most opted to sell. It’s really not that crazy an idea.

@OlgaSmirnova1 9 ай бұрын

@@NicEeEe843they are not tenants

@martincarr4204 9 ай бұрын

@@tinawindham6958 I remember, in 1992 , 3 bedrooms and 2 baths homes were going for 40 to 50 grand brand new with no HOA, they were like about 1200 to 1500 square feet in Miramar Florida, my sister had brought one.... Florida was cheap and the wages were super low.......... A two bedroom , two bath condos were about 8,000 more or less depending on the location.....Florida was the location retirees flocked, for the lost cost of living and weather....The TV show Miami Vice in the mid 1980s was the catalyst for Florida...... young people wanted to make the move.... Now, Florida is practically unaffordable, thank god I chose Texas...... even though cost living has risen, it is a better value here.. I am from NYC......

@lolasbananas 9 ай бұрын

The sickest part about this is it’s not just limited to people who own condos, this is even happening to people, like myself, who own homes. It’s so illegal but when judges are paid off and your rights don’t matter they get away with it. All you can do after is sue but you still have lost your home. Never ever in my life would I have ever believed this was even possible or could of would happen! I got evicted out of my home and the judge refused to let me exercise my rights and fight it because she claimed I had been served documents through the mail. When the hell did serving someone in the mail with no proof ever become enough to say they were served anything. A lot of people made a good chunk of money except for those people who got their condos, their homes, stollen from them.

@bennym1956 8 ай бұрын

Explain WHY you were forced out !!

@nweeezy 8 ай бұрын

major facts@@StevieSeagal

@stevebell4906 8 ай бұрын

Keep on voting Republican !....They LOVE YOU and will save you from the Liberals!

@TitaniumTurbine 8 ай бұрын

@@StevieSeagal Fear-mongering BS. Please get some help, mental help - from a registered healthcare provider. You really want a civil war over abusive condo owners? The irony too since this is Florida, bordering on the reddest of red states currently. Either way, no one should live their life in that much fear/paranoia over some random event like this causing Civil War II. Maybe you should step back from media for awhile, get some fresh air. Spend quality non-panicking time with your family.

@LoriL010 8 ай бұрын

@@TitaniumTurbine I agree with most of your comment, however the fact it's a red state means nothing. It can happen in any state and is not a blue/red issue. It's an issue all Americans should be concerned with.

@unusualnoise 8 ай бұрын

It says by force but later clarified that they sold their condos…

@rms1034 9 ай бұрын

so let me get this straight, the developer bought the building and bought out over 80% of the units, meaning they paid each condo owner (idk, a million dollars?) per unit. those owners 'took the deal' and decided to leave of their own free will. but these 6 are the hold outs who had no wish to sell, and are thus being muscled out, via shut down of building services such as water and power, etc etc, I am sure they might tow their cars away etc... and now since those people decided not to sell and leave of their own free will, they are stuck with a far lower pay out, and will lose their unit anyway?

@goconnor5460 9 ай бұрын

Yes, it's fricking awful!!

@goconnor5460 9 ай бұрын

Someone above said they wanted it to tear down and build new. What developers are these that have this kind of money to buy them out and rebuild? I just watched a video on Jackson Hole WY and how the rich moved there during covid and now property and other costs are so high that ppl who lived there previously can't afford it and some live in cars. If you are single and make 60k year, you will live in your car! This is horrible. There's a real takeover of beautiful places by the rich right now. Maui is another recent example.

@TheVuduYuDu 9 ай бұрын

Basically. Sickening.

@anthonyvoss9150 9 ай бұрын

America the greatest country on earth huh?....😳

@MrJoker- 9 ай бұрын

It may be a blessing in disguise, after what happened at other condos in past.

@geneziogenezio3299 9 ай бұрын

Unbelievable...Owners being forced to leave their own homes, it doesn't make sense but, the developer wants the property to turn down and make a new more expensive building that is it. The developer bought 80% + units from the others owners now the few owners will have to leave. Sad.

@philobetto5106 9 ай бұрын

If they didn't leave, they would've been Maui-ed 🌲🔥🌳🔥🌴🔥🌲🔥🌳🔥🌴🌲🔥🌳🔥🌴🔥

@user-eq2wm9db5n 9 ай бұрын

Really do you think these Greedy Evil Traitors care about any of you, NOPE…. PROFITS OVER PEOPLE, PERIOD!!! Keep Voting in Democrats, geezzzz

@sonwil4487 9 ай бұрын

So the 80 percent of lovely neighbors are the ones responsible for this. So I don't see the developers at fault. The 80% percent majority should have not sold.

@BebeHearsAll-cy8xn 9 ай бұрын

@@sonwil4487hope that eases your conscience. 😢

@dannyhayes664 9 ай бұрын

Housing for illegals !!

@traceym1778 9 ай бұрын

Pick up that cheque but don't cash it! Hire a lawyer and start a class action with the remaining 6 residents. Make the developer pay for this travesty and set a precedent at the same time. This madness only stops when we fight against it!

@Scarywesley4 9 ай бұрын

People need to understand that when you buy a condo, you are buying the unit and a portion of the common area, office administration, and amenities. If the other shareholders of the condo sell then you will be forced to leave also. This is why you don’t buy condos and have to read what you sign.

@jimsouff3695 9 ай бұрын

That's the american greed

@faraon2012 9 ай бұрын

Uncle Sam owner your land and property😢 Wake up idiots😮

@Lion20834 9 ай бұрын

How do you know that the owner is American. You must be an American hater. M.f.!😡

@thedirtybubble9613 9 ай бұрын

Sorry. I don't think any other state in the US of A has it as bad as Florida.

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@VideoArchiveGuy 9 ай бұрын

The building was built in 1964 and had a lot of deferred maintenance that was coming due.

@kaoskidsareourstrength9485 9 ай бұрын

This is why I've always said a condo is nothing more than an overpriced apartment. If you can be forced out of a unit you "owned" after a building is sold, you never owned it. You just got comfortable enough to believe you did.

@mestizosmulatos9624 9 ай бұрын

The American Dream

@vashtikelly6837 9 ай бұрын

THANKS FOR TELLING ME CUZ I WANT TO BUY A CONDO IN CHI BUT NOPE!!!!

@wanaraz 9 ай бұрын

@@vashtikelly6837 Moving there would put your life in danger.

@vashtikelly6837 9 ай бұрын

@@wanaraz OH MY GOD..

@mrxman581 9 ай бұрын

This a Florida specific law that allows you to dissolve a HOA if 80% of the unit owners agree. Every owner does own their own unit and a share of the common areas. The building wasn't sold per se. What happened is that 80% of the unit owners voted to dissolve the HOA and accept the offer the investment company agreed to pay each unit owner. That means the 20% who didn't agree are out of luck because they lost the vote to reject the offer so they need to abide by what the majority of unit owners decided. So it was unit owner against unit owner that ultimately decided the fate of the HOA for this complex. The majority of unit owners decided to sell the building .

@boyguapito1 9 ай бұрын

So… you can purchase an entire building of privately owned condominiums and force those owners out if they don’t take the new building owners Market offer because they only own the unit as if it was magically floating in the air? This is the most ridiculous policy I have ever heard of in real estate. I will never own a home on an HOA and I will never own a condominium on a co-op building.

@iferrera 8 ай бұрын

The craziest thing is that they not even offering what the condo is worth smh

@SeattlePioneer 5 ай бұрын

I would suppose the $400,000 IS what the condo is worth. The value of the land ----minus the cost to demo the building. The building itself is a liability. Of course, any bank loans they have on the condo would be deducted and paid before they get anything. What could be more fair?

@lutzfilor8253 9 ай бұрын

There is no justice in America. Yes they can do everything.

@mrxman581 9 ай бұрын

It's Florida, not America. It's a Florida specific law that allows them to do that.

@edilee5909 9 ай бұрын

If you got enough money, you can but anything here. Even other people's freedom

@yrite 9 ай бұрын

Maybe a hurricanes coming and they'd lose the place anyway

@VideoArchiveGuy 9 ай бұрын

@@mrxman581 It's not Florida-specific at all, several states have the same law for condominiums, including states like Arizona, Illinois and Pennsylvania.

@mrxman581 9 ай бұрын

@@VideoArchiveGuy That's true. My point is that it's not a federal law that exists in all states. So the version in Florida is specific to that state. That law is badly written because it favors development companies over individual owners. The threshold is too low. It should be that 100% of condo owners need to agree to sell, not just 80%.

@efrain908 9 ай бұрын

What a disgusting company and horrible laws to allow this to happen to the people that own these homes.

@danr9584 9 ай бұрын

This wasn’t legal. The developer amended the HOA bylaws to lower the approval from 100% down to an 80% vote to dissolve HOA. This will be struck down in court, but they just plan on paying the fines and legal fees as the cost of business.

@lovealwayswins6784 9 ай бұрын

@@danr9584 It’s legal. Unethical maybe, but not illegal. If he has an 80% stake in the HOA he can most definitely do that. They should be glad they even got 400k. The new developer didn’t have to pay them anything and could’ve made them go after the previous owner of the property in court which could take months. But I’m sure the 400Kx2was agreed to before the new developer signed the contract to purchase.

@sunlite9759 9 ай бұрын

I'm sure the US Government has it's foot in the door.

@danr9584 9 ай бұрын

@@lovealwayswins6784 It's not legal. This HOA's bylaws Specifically stated that they needed a 100% vote to dissolve the HOA from its inception, which most of these news stories aren't mentioning. Legally, they would have needed a 100% vote to change that, they will end up losing in court, and just pay the damages as part of the cost of doing business.

@stevebell4906 8 ай бұрын

Just keep on voting Republican....

@86marcoz 9 ай бұрын

This absolutely disgusting.

@Mrrossj01 9 ай бұрын

This is a normal process. This prevents holdouts from stalling a property sale.

@thebadgerette69 9 ай бұрын

Ok so these people bought their condos, it was sold to a developer and the developer wants to buy out these current owners. Developer is going to do a make over and then sell them for one million or more. And these owners are essentially screwed. Nice.....what a 💩show!

@geneziogenezio3299 9 ай бұрын

That Is It!!!

@Lion20834 9 ай бұрын

Of course that He is gonna rehab the building to make the big bucks of his life. F that! Ha.

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@VideoArchiveGuy 9 ай бұрын

The building was built in 1964 and likely needs at least $600K in deferred maintenance to meet new standards established after the Surfside collapse.

@blue_moon6490 9 ай бұрын

You don’t see the developers offering a new condo though, do you?

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@VideoArchiveGuy 9 ай бұрын

Why would they? They are following the condo by-laws. The same happens in other states, including those run by Democrats forever like Illinois.

@selfieband5330 8 ай бұрын

$400,000 WHAT A JOKE! SHAME ON THEM!

@hadley407 8 ай бұрын

$400,000 when similar units sold in that same time frame for $1.5 million. Maybe they can get a lawyer to negotiate a better price for them and then they can take that money and buy a house on land, it might not have that much of a view but if you are the sole owner of land no one can do that to you again

@ultraret 21 күн бұрын

similar? how do you know they where similar - no details were given, poor news reporting.

@kingX777 9 ай бұрын

That’s sickening honestly. You buy a condo, plan to retire, and these SOBs just rip it right from under your feet.

@ricksmith4736 9 ай бұрын

Florida has become a sheet hole..... Would like to move but there really is no where to go anymore

@getlost3346 9 ай бұрын

They signed the contract and sold their condo and were paid. There was no manipulation. What about the majority of the other owners who equally signed and were paid.

@reasedogable 9 ай бұрын

@@getlost3346did they have a choice

@Derek_The_Magnificent_Bastard 9 ай бұрын

THere's plenty of places to go IF you got the dough, @@ricksmith4736

@neverhungryagain2187 9 ай бұрын

@@getlost3346💯

@charlenef.9055 9 ай бұрын

Heartbreaking 😢😢 that persons able to purchase properties in condos are left homeless and or near destitute unable to find replacement housing. This IS horrible and should not be an American business standard 😒

@bhing1483 9 ай бұрын

@@repentandbelieveinJesusChrist4🙄

@hottestartists101 9 ай бұрын

They not homeless they gets $400k to sell it ..

@shari9721 9 ай бұрын

@@hottestartists101 They were worth about 3x that amount

@charlenef.9055 9 ай бұрын

@@hottestartists101 the sum offered doesn't allow for comparable housing replacement and they MAY very well become homeless. It's a big cheat to have bought into having a place to call home and a developer (much like eminent domain) comes to kick you to the curb ! That's the metaphoric comparison I meant hello if they are cut a check of course they are NOT homeless but there's a great imbalance going on.

@dannyhayes664 9 ай бұрын

Housing for illegals !!

@rorycolgan 9 ай бұрын

$400K for a 1600k sale??? Basically a steal

@ultraret 21 күн бұрын

Yes but that 1600K could be a 4 bedroom penthouse vs a studio in overlooking the street. no details where given, but im sure devs are not the stupid to put such weak offers esp if they want it.

@MeagRamtheman 8 ай бұрын

This is what has ruined Miami, my hometown. Land developers buying up property everywhere, anything waterfront being developed on and displacing everyone in between.

@joelrankin 8 ай бұрын

How terrible. May God judge these thieves.

@stevebell4906 8 ай бұрын

Just keep on voting Republican!...

@oldcat87 9 ай бұрын

Never buy a condo

@MikeBDaniels-bv8io 9 ай бұрын

Situation reminds me of what my father often mentioned to me: “Never own part of a building.” Good advice!

@realityrealestate5755 9 ай бұрын

If you own it then you should take the new owner to court for the price it is worth now!

@MonicaFlorida 3 ай бұрын

What a nightmare. It’s hard to comprehend on how this can happen.

@saga4646 9 ай бұрын

People wonder why homelessness in this country is getting worse. If you are elderly and live off of your social security you can't afford to go anywhere same for those who bought these units years ago at a decent price. The greed in this country is despicable and it will ruin our society.

@valentinalicheli1928 8 ай бұрын

It already RUINED everything.

@barbie6695 8 ай бұрын

I thought they said they were offered $400k? That’s better than nothing. Almost 1 half a million.

@damnjustassignmeone 9 ай бұрын

In what sense do you own your unit if you can be forced out like this?

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@tempgirl00711 9 ай бұрын

@Tekniq182 Ай бұрын

@@WELVAS. Dude shut up. You posted the same bs under every comment

@whateverwhatever6496 13 күн бұрын

These are million dollar properties and they should have been able to retire here. Unacceptable!

@Mickey-jn8hz 9 ай бұрын

This is horrible, to be kicked out of your home, bought and paid for. What kind of people do this??????

@scottsent8120 9 ай бұрын

Thanks, Gov. DeSantis, for protecting condo owners from eviction from their legal homes. I know you've got more important things to do, like target gay and trans people, ban library books, go after Disney for supporting gay people, and campaign for president, so we really appreciate your taking time out to focus on protecting homeowners from eviction.

@elcajoia619 9 ай бұрын

If you think it's bad now, wait till he's gone, you ain't seen nothing yet.

@Sarahdrybones 9 ай бұрын

Time to get Ronald MacDonald out of office

@christinebee9781 9 ай бұрын

DeSantis 2024 🇺🇸🇺🇸🇺🇸🇺🇸

@1MrAngel1 9 ай бұрын

Bush and Obama in the Great Recession bailed out the banks and forced people out of their homes. So it's not Red or Blue. It's just GREEN.

@gusfusses44 9 ай бұрын

Thank goodness someone is focusing on important regressive societal issues and making sure are the little ones are protected rather than trying to change contracts people willingly signed and agreed to. That certainly isn't the role or government. Maybe get a lawyer to explain any contract you sign if you are unsure about it. Thanks Gov. for standing up for sanity

@shadow92992 9 ай бұрын

They own the bloody units. I feel really bad for these owners as they are pushed out of homes they have lived in for years. The developer is lying through his teeth by saying he offered the owners fair market value. Find me an ocean view condominium in downtown Miami for $400,000. It would be one thing if they were renting but they aren't.

@lysmykyta1199 9 ай бұрын

Yep, from our feudal owners!

@mareerogers1114 9 ай бұрын

The Gullah in the Carolinas have owned their land and their homes and family cemeteries for 8 and 9 generations and because whites want this prime real estate for vacation homes and golf courses,the Gullah have to claim 'heirs' rights to save their land. Can't feel sorry for the Condo owners.They bought a unit. They don't anything like the Gullah. Chickens have come home to roost.

@WELVAS. 9 ай бұрын

This is conservative low regulation Florida though, can't be that surprised. You get what you voted for.

@4evahodlingdoge226 9 ай бұрын

Why would 80% of the owners sell for $400k if it wasn't fair value? More than likely the building is old and needing of a lot of repairs and don't rent for much.

@genxx2724 9 ай бұрын

@@4evahodlingdoge226 Did it say they sold for $400K? I’m sure the place is old and outdated, possibly even unsafe like the place that collapsed due to the sea air damaging the concrete and rebar of the parking garage.

@crazyoilfieldmechanic3195 8 ай бұрын

They have been pulling somewhat similar shenanigans on mobile home owners for over 20 years. Hurricane comes and whipes out half the mobile homes and most of the others get declared unlivable so the mobile home park owner sells the land to a developer who is going to take investers money and build huge condos on the property. Mobile homes are basically all gone so now they use similar tactics on aging condo buildings. Anyone who would purchase property attached to everyone else's property isn't very bright. So goes the corruption in south Florida. Really slimy underhanded place to live. From real-estate to the justice system, crooked as can be.

@user-jf6pz5jx8g 7 ай бұрын

I think Condo owners are now finding out how costly it is to own a condo really anywhere in this country, there are two areas I would never buy in and they are Condo's and Planned communities that are HOA operated and the reason why is the owner has no control over the fees. Thanks and good luck to all

@Jude74 9 ай бұрын

I know someone who’s local. They said that building is another Surfside waiting to happen. The six individuals could not afford just like the other people in the building to pay for the massive amount of maintenance that was needed so they had to sell it to a developer. While, I feel for these people they need to pick up the stuff and get out.

@OceanfrontWaves 9 ай бұрын

This is the the most accurate statement here. Unfortunately the many owners opted to keep maintenance fees low throughout the years and didn’t properly fund and perform the necessary maintenance and reserves throughout the years. Now due to the enacted laws as a result of Surfside, they can no longer look the other way or choose to defer necessary maintenance.

@VideoArchiveGuy 9 ай бұрын

@@OceanfrontWaves Yes, built in 1964. Even before the Surfside collapse, units in that building were rather inexpensive. If you look at past sales from 2019/2020, a one bedroom was selling for an average of $270K, a two bedroom for $350K and a three bedroom for $435K.

@josedavila5695 9 ай бұрын

those were the average prices for ** all condos** in the area prior to the 2020 boom @@VideoArchiveGuy

@DeJaVu337 9 ай бұрын

@@OceanfrontWaves LOGIC and Common Sense, ain't COMMON. This Under maintained 60 year old structure needed to be rebuilt from the ground level. For 450k u can find an inter-coastal view within walking distance to the beach still in Hollywood, FL.

@prestonismyrealtor 9 ай бұрын

How can someone get kicked out of a condo they own? That’s insane

@yucol5661 9 ай бұрын

Lots of money of the owner vs little money of you

@xevious2501 9 ай бұрын

GREED, IF YOU TRULY OWNED THE UNIT THEN YOUR PAYING THE BANK, NOT SOME REALESTATE FIRM OR SUB OWNER. EITHER WAY YOU OBVIOUSLY DONT OWN IF SOMEONE HAS CLAIM OVER THE BUILDING. DISPITE THE FORMALITIES, YOUR JUST A UNIT RENTER.

@Bachconcertos 9 ай бұрын

Same way Biden let's millions of illegals into the country and pays millions for their housing food medical transportation and cell phones. The destruction of America on purpose and on schedule.

@leezap 9 ай бұрын

I think once they get 80% of the owners to sell, it's a losing battle to stay. The developers owned it.

@jaydrains2247 9 ай бұрын

Over priced public housing with a beach view

@charlesgair8608 4 ай бұрын

Soon As That Other Condo Collapsed In Miami Greedy Developers Started Scheming On How They Could Steal Alot Of Condos

@ChuckleHoneybear 8 ай бұрын

In England property ownership is non transferrable. Idk if it’s the same in the USA but basically, if you have a lease or freehold right to a property, even if the land underneath you gets bought out, you still have rights over that property you own. I learned this in Week 1 of law school 😮

@sallymoore6920 9 ай бұрын

Exactly why I left Florida…too many loophole laws that benefit the rich with expensive attorneys on speed dial. I have never regretted leaving.

@richardwilliams5842 9 ай бұрын

Shouldn't the attorney general be looking into this?? SMH

12 күн бұрын

I noticed a few years ago a Condo in Tampa was sold....the it was literally leveled ....I wondered how that came about and this explained it...

@mikeifyouplease 8 ай бұрын

3 Big differences between Costco and Target. 1. Costco charges a membership fee. 2. Costco checks for membership cards; thereby only allowing members to shop there. 3. Costco typically sells in much larger sizes.

@gew9487 9 ай бұрын

Another reason to never own a Condo. You don't own them!! You get bills you have no control over! Buyers beware.😢

@dianarockwell6256 9 ай бұрын

I never understood the whole concept of the condo. Where you buy a part of a unit and you’re responsible for maintaining it but you still pay fees to cover the entire building, maintenance and upkeep, but when someone new buys it, they can throw you out? How does this make any sense and why would anyone want to buy into it?

@williamhaynes7089 9 ай бұрын

80% of the other owners voted to sell... Obviosly theese last owners were outvoted and per the contract now have to move

@VideoArchiveGuy 9 ай бұрын

@@williamhaynes7089 It was actually 95%.

@williamhaynes7089 9 ай бұрын

@VideoArchiveGuy - which says the building was most likely needing more repiars than the unit owners were not willing to do and took buyout instead,

@VideoArchiveGuy 9 ай бұрын

@@williamhaynes7089 Indeed, not surprising for a building built in 1964.

@SeattlePioneer 5 ай бұрын

Yep ----that's the problem. Don't buy one unless you do.

@TheKingsDaughters11 9 ай бұрын

WICKED PEOPLE WILL GET WHAT THEY HAVE COMING TO THEM

@BetterBusinessJB 9 ай бұрын

Daytona beach just made it illegal to have short term rentals. What is happening 😢

@peggyg7442 9 ай бұрын

The LOVE of money is the root of All evil.

@MrFrankievivant 9 ай бұрын

Im glad I got out of Miami when I did. This will never happen to me owning my plot of land in Long Island NY, no HOAs, no co-ops. Live in the mountains, no fear of the ocean/sea levels rising and swallowing my house.

@LunaBobbi 9 ай бұрын

Lucky you.

@michaelvargas2005 9 ай бұрын

Really? Stop paying taxes and the government will kick you out 😂😂😂

@dreamscape405 9 ай бұрын

When the government decides it wants your land, they'll just start a fire, like they did in Maui. They'll take it by any means necessary. None of us are safe from this now. You'll own nothing and be happy is their motto now, and they're showing us they'll do it.

@user-ze4bv1hm3e 2 ай бұрын

Most people leave LI because taxes 😂

@johnfredericks4376 9 ай бұрын

How about this.... When the Barclay Center in Brooklyn was built. Families who owned Brownstones and lofts, some for generations, had a similar thing happen. Its called Immenent domain here.

@CanTho2022 9 ай бұрын

At least they didn’t use DIRECT ENERGY WEAPONS to burn down these condos like they did In Maui, Hawaii

@cezarsantana 9 ай бұрын

I had only 4 days (and I was working 3 of them) to vacate the building where I've lived for over 25 years in North Bay Village. The excuse was that, all of a sudden, it was structurally unsafe. That, after we signed a contract with developers more than a year ago - which they totally ignored honoring. Also, that happened after we spent over 250K redoing the roof, which meant a lot of cash out of our pockets since it is a small building. Now we're still paying mortgage, maintenance fees, attorneys, and a rental somewhere else where we can live...each story has its variables but they all come down to the same lack of decency, justice, and regulations. Oh, and the affected properties are all waterfront, for some reason...unacceptable and surreal, imho

@nesq4104 9 ай бұрын

They want all waterfront and want to blame salt water. It's a big joke. Never seen a collapsed condo that's beachfront ever from salt water

@meisterlymanu5214 9 ай бұрын

what do they want the building for? To hold for the super rich? To sell to even wealthier developers? I dont get it.

@nesq4104 9 ай бұрын

@meisterlymanu5214 yes. The wealthier foreigners

@onetiftif8626 9 ай бұрын

@nesq4104, great point. I know a person that recently purchased in Florida. They were interested in Miami, but was outbid several times by outside interests with cash offers.

@nesq4104 9 ай бұрын

@@onetiftif8626 miami is a hotspot for foreign money laundering with real estate

@matthewdinslage7179 9 ай бұрын

I don't even live in Florida let alone Miami, but when they said at the end that the developer was offering them $400,000 for their units I laughed out loud. There is no way a condo with a view like that in Miami is only worth $400,000. That is a egregiously low ball offer.

@VideoArchiveGuy 9 ай бұрын

The building was built in 1964. If you look at past sales from 2019/2020, a one bedroom was selling for an average of $270K, a two bedroom for $350K and a three bedroom for $435K.

@matthewdinslage7179 9 ай бұрын

@@VideoArchiveGuy Interesting, I honestly thought they would be worth more than that. Thanks for the info.

@carlosmark9840 9 ай бұрын

@@matthewdinslage7179He works for the developers don’t believe his crap your eyeballs and common sense tell you that is a million dollar unit. That’s why they bought it

@tempgirl00711 9 ай бұрын

@matthewdinslage7179 9 ай бұрын

@@carlosmark9840 Yeah I honestly thought his prices were suspect, but I don't live in Miami and don't care enough to fact check it so I just went with the "ok thanks" answer instead of getting into a pointless argument on KZfaq.