Why owning (and buying) a Florida condo has turned into a nightmare
Briefly

"I don't want to end up on the street, but, consequently, that's what will happen. All of our money is tied up in this albatross."
"Proponents of the legislation say it's necessary to prevent another tragedy, since many of these buildings have avoided funding structural repairs for decades."
"About 1 million condo units meet the age requirement under Senate Bill 4-D, leaving owners with a stark choice: pay up, sell or go into foreclosure."
"The dream of living in Florida has curdled into a financial nightmare for many retirees or second-home owners facing unexpected costs for critical repairs."
Read at Boston.com
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