South Florida Condos - Buying, Holding or Selling?

[Joe Morello]

Hi Everyone,

With the current dynamics in the South Florida real estate market, I'm curious to hear your thoughts and strategies regarding condo investments.

On one hand, we are seeing rising monthly dues, special assessments, and skyrocketing property insurance costs. On the other hand, Florida continues to be a highly desired market for out-of-state and foreign buyers, keeping demand strong.

Given these factors, what are you currently doing with your condo investments in South Florida? Are you:

- Buying: Taking advantage of the demand and potential for long-term appreciation?

- Selling: Cashing in on the high property values and avoiding increasing costs?

- Holding: Waiting to see how the market evolves while managing the higher expenses?

I’d love to hear your perspectives and experiences. How are you navigating these challenges and opportunities?

Looking forward to your insights!