Comments by "L BA" (@lambertois11) on "Rapid Growth in Miami" video.

  1. Miami reality check A few tips that potential real estate buyers must consider before buying real estate in Florida and especially in Miami. Huge increases in property insurance premiums: The recent waves of hurricanes have rendered many home insurance companies insolvent. The State of Florida has created a state-owned home insurance company: Citizens Insurances. The state-owned Citizens Insurance cannot lose money, so the insurance premiums have more than double! Huge increases condominium fees: As a result of the Surfside Towers collapse, all condominium must be recertified after 25 years and every 10 years after. The condominium must increase their fees to pay for the recertification and the repairs mandated by the inspectors. The Miami property taxes are reassessed each time a property has a new owner. Depending when the previous owned purchased the property, the new owner can see a 100% increase in property taxes! Dark clouds over Miami!
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