Does this impair the market value of older condos? Not really
Self-evidentially false.
The legislation being criticized simply requires proper inspections of condos for structural integrity and adequate reserves for repairs.
The legislation includes an unrealistic, impractical, nearly immediate timetable for implementation and reserves funding. What constitutes building integrity (and the urgency in addessing it) for multi-story seaside concrete condominiums is far different from that concerning inland wood or mixed structures that are a few stories tall.
Maybe if your wife brings you a sammich you can kick back some more in the barcalounger and pontificate further.
Perhaps you prefer the prior state of affairs: no inspection, no report, and no higher assessments -- as you wait and guess if and when the building is going to fall down on you. Since real estate agents and attorneys had become alert to the risks after the Surfside collapse, they gave warnings about dodgy older condos and steered buyers away from them, diminishing their value.
Sellers of course insisted, no, their condo was just fine -- pay no mind to those superficially patched over cracks, fresh water stains, and falling stucco. It's an old game in Florida: sell bad real estate to fools who can be persuaded it is a bargain. Lots of lawyers have made a good living from litigating that kind of fraud.