HOA crash hitting Florida. 500% spike in liquidations.

HOA costs Florida are skyrocketing, causing many home and condos owners to sell their properties. Pushing Florida into the beginning stages of a housing crash in 2024, where inventory of homes for sale has spiked. Access data on Reventure App: www.reventure.app The HOA costs are increasing because Florida Gov Ron Desantis signed a bill which mandated that all condo associations in the state have fully funded reserves by 2025. The result is huge increases in assessments for many homeowners. This is also a nationwide problem. With HOA prevalence and costs increasing all across America. 45% of homeowners in Florida are in an HOA, while 40% in Colorado are, and 35% in California. These skyrocketing HOA and insurance costs are intersecting with a big spike in mortgage rates over the last two years. Causing buyer demand to plummet in the Florida real estate market. --- REVENTURE APP: https://www.reventure.app Access Exclusive Data and Videos as a Channel Member:    / @reventureconsulting   DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/ Additional stock footage provided by Envato Elements. https://elements.envato.com/