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Today, we’re diving into the Florida Condo Crisis—a serious issue impacting condo owners across the state, and especially here in Lake Worth. What was designed to improve safety has turned into a financial nightmare for many residents." Main Setup These condo reforms, while important, are creating major challenges: rising costs, skyrocketing insurance, and stricter requirements that leave owners with few good choices. And remember—this isn’t just Lake Worth’s problem, it’s happening everywhere in Florida." What’s Coming "In this video, I’ll break down what these reforms really mean, how they’re affecting everyday condo owners, and what options are available if you’re struggling. I’ll also share resources, like the Florida Homeowner Assistance Fund, which can help with certain expenses. You’ll find the link in the description below, or you can call them directly at 833-987-8997." Closing Setup "So, if you’re a condo owner in South Florida—or simply concerned about the future of condo living—this video is for you. Let’s get started.00:00 Introduction 02:05 Special Assessments explained 06:51 What can be done?? 00:00 Introduction 00:34 Cause of the crisis 01:34 Condo Crisis explained 02:04 Special Assessments explained 04:43 Why HOA fees are so high 05:42 Condo Crisis in Palm Beach County 06:52 What can be done?? 07:23 Available resources