Miami condo crash due to insurance and new HOA mandatory reserves requirement??

[Mary Joe]

Any FL or Miami experts out there?  What is the condo market like these days for the $500K budget? 

What s your take on the new mandatory condo HOA reserves requirement and also the insanely high insurance cost these days? Have you started seeing condo HOA fees go up by 50% or more yet across the board? Are there still demand for Miami condo these days for the $500K range even with these major headwinds, not to mention the spike in mortgage rates?

Would appreciate any feedback on the health of the Miami condo market these days. Thanks