""As far as the rules of condos, we're entertaining every offer from sellers," Thompson tells Realtor.com®."
""We'll take a look from the best to the worst conditions," says Thompson. "We're not adverse to taking condominiums that have structural problems.""
Phil Thompson, a luxury custom homebuilder, is addressing the housing crisis faced by Florida condo owners grappling with high HOA fees and insurance costs. His unique 'condo-swap' proposal allows condo owners to exchange their property for a down payment on a single-family home, regardless of the condition of the condo. This initiative aims to provide relief for those facing unaffordable condo ownership, especially retirees on fixed incomes, while responding to a broader trend towards single-family homes in Florida.
Read at SFGATE
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