this post was submitted on 18 Aug 2024
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Housing Bubble 2: Return of the Ugly

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SeattleRain@lemmy.world
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Florida hit by 'worst real estate crisis in decades' as desperate condo owners slash prices by up to 40%: 'It's paradise lost' (www.dailymail.co.uk)
submitted 3 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world
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[โ€“] RestrictedAccount@lemmy.world 6 points 3 months ago (1 children)

The issue is that most of the owners that profited have sold and moved on years ago. Given that this is Florida, they are probably dead.

[โ€“] Diplomjodler3@lemmy.world 11 points 3 months ago

That doesn't change anything about the responsibility of the current owners. If you own property you are responsible for the upkeep.