Originally Posted by
SkyGodKing
I considered Miami as a potential move, but the savings from lower income taxes would be offset by other expenses. I was looking at condos since I prefer not to live inland, and they seemed to be the only affordable housing options near the coast. However, all the condos I found had HOA fees exceeding $1,500 per month, which feels like another mortgage with no end in sight, and those fees only increase, never decrease.
Condo market has been pretty bad since the surfside collapse. The state passed a law mandating more stringent inspections and the consequences have come home to roost. Plus as a condo association you’re dealing with the collapsing insurance market even if your building is well designed and structurally fine.