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Two-thirds of Miami condo buildings are older than 30 years. The repair bills are coming due.


South Florida real estate attorney Bill Sklar on a Florida task force examining condo laws after the Surfside collapse to determine if changes are needed.
Engineers say it can take just 30 years for condominium buildings to reach a point when owners can no longer delay making critical repairs.
In the Miami region, two out of every three condo buildings are more than 30 years old, according to data compiled by real-estate data firm Zillow for The Wall Street Journal. In at least seven other Florida cities, some three-quarters of condo buildings have hit that age.
Many of the aging towers line the beachfront, where salt corrosion and other forces are speeding their decline. That is leaving thousands of buildings saddled with multimillion-dollar repair costs and little notion of how to pay for them. ....

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Why is Charlie Crist running for Florida governor again?


Why is Charlie Crist running for Florida governor again? | Column
“Florida politics are Florida politics today largely because of one man and one fateful decision,” writes columnist Daniel Ruth.
 
 
U.S. Rep. Charlie Crist, D-St. Petersburg, speaks to supporters during a campaign rally as he annouces his run for Florida governor Tuesday in St. Petersburg. [ CHRIS O MEARA | AP ]
Published May 9
Ambition is the mother’s milk of politics. It can also serve as a toxic brew of hubris.
And this is exactly why I would make for a lousy political consultant. For if Democratic Rep. Charlie Crist were to ask for my advice about a possible run to reclaim the governor’s mansion in 2022, my first temptation would be to grab him by his perfectly tailored lapels and scream into his face: “Charlie! Are you completely, unbelievably, certifiably insane!?!?!” ....

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