Reported about 2 months ago
Rising homeowner's association (HOA) fees in Florida are prompting retirees to relocate as they struggle with increasing costs. A recent analysis indicates that HOA fees in major Florida cities have surged, with some areas seeing increases over 17% in just one year. The situation has been exacerbated by new laws demanding stricter building inspections and higher reserve funds due to safety concerns. Fed up with escalating fees and blocked from selling at a profit, many retirees face tough decisions regarding their homes and future living arrangements.
Source: YAHOO