It’s so disheartening as we have been trying to sell my mother’s condo since October. It’s a nice unit, in a nice area of New Port Richey, but hardly any showings. The condo fee has gone up steadily the last 4 to 5 years to the point where it’s really hurting sales for the area. Praying something will turn around here. She’s soon to be 87 and we’re trying to get her located up to South Carolina with us.
The condo fees have gone up because of the regulations enacted after the building collapse in Miami. They now must have reserve studies and funding at 100% by 2025 I believe. I know folks with assessments as high as their mortgage payment.