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Florida real estate bombshell could destroy a lot of wallets
A ‘Mornings with Maria’ panel discusses how Florida’s newest security requirements for large-rise condos and apartments will affect home owners. Last May perhaps, Florida Gov. Ron DeSantis handed laws mandating emergency reserve funds for condominiums statewide immediately after the tragic collapse of the 12-tale Champlain Towers South in Surfside. While lawmakers hope the condo legislation overhaul will shield people from equivalent situations, some industry professionals have warned that the mandatory reserves could damage Floridians’ wallets. “These costs, they get passed on to the buyer in one way or yet another,” Pinion Enterprises founder and CEO Joe Pinion explained on “Mornings with Maria” Monday. “Here comes the budget buster: this stipulation…