General Discussion
In reply to the discussion: 'Everyone is selling': Florida condo owners feel crush of rising insurance costs [View all]mitch96
(13,944 posts)But not by that much. Yes insurance company stipulated that to cover us we needed a new roof..
Ok that was a 8k assessment for me. Good for 20 years. Pool assessment? 100 bucks.
I've been here 5 years and my out of pocket for assessments have been about 10k. My townhome has gone UP about 100k in those 5 years if I wanted to sell right now.
The only time people leave my 300 unit town home/condo complex is mainly due to death.
It's a very nice well run place.
The only other place I would move to is Babcock Ranch just west of Ft Myers. Hit with hurricane Ian and very little to no damage. A well planned community with solar electricity production on site and well designed water drainage.. Homes built with maximum wind protection.
You run from the water and hide from the wind...
YMMV.
m