Eviction letters have Miami Beach condo owners living in fear
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- Опубліковано 19 чер 2023
- Apartment owners of a Miami Beach building have been living in fear since they received an eviction letter, notifying them that their building was in need of repairs.
I smell a rat.. Someone has been offered boatloads of money for that prime real-estate.
Yep, they can utilize the Surfside condominium collapse as presentence.
Absolutely. You don’t have to shut down an entire building to fix railings.
If someone else owns the land and the building, then these are not Condos. Sounds more like a coop. The reporter said the "building's owner".
Yes, I'm confused. Condos and co-ops are both individually owned units. Well, co-ops you own a slice of the pie with a right to occupy one deeded unit and a condo you own the unit itself. But there is no other owner. There's an owners' association - that's what an HOA is, a homeowners association. The HOA is responsible for the building maintenance and upkeep. But there's no "owner" of the building beyond the homeowners and their elected governors. This makes no sense to me. But Florida makes no sense to me anyway. ???
What a poor report! The reporter does not make any effort to clarify the issues or agents for their viewing public. We are not told the legal status of this property's Association(if there is one). Condo v Coop. Boardroom Communications is a PR firm. What is their relationship to this affair? Who sent the eviction notice? (Presumably, the city or county's building inspectors.) Is it temporary? Permanent? Nobody learns anything. This seems to be the standard of practice for CBS Miami. Que lastima!
So, at the end of the day, these “owners” have no more rights than people that just _rent_ apartments.
The state of Florida never required the condo associations to keep full reserves. After the condo collapse, they are all being required to bring the buildings up to code. Florida now requires they keep full reserves so it is bad for the owners of those properties. The price of living by the ocean with calculating long term maintenance.
@@billbillards569he doesnt care about facts
The Florida legislature fixed it even if you paid off the condo, if the landlord decides to sell the property, you no longer own the condo. That condo you "own" can be sold off.
If you own a condo you are part owner of the property. If there are a hundred units the hundred people own the property. If the property is owned by someone else they were not owners and they were not condos.
I don't think so you still own the condo just not the land. So if a new land owner comes in and raises the HA you either pay up or sell.
@@citticat2 Condo owners have to pay property tax. So it must not be a condo.
@@wanaraz They still have to pay property taxes - even in condos.
@@citticat2 Yes so then they are owners of the property.
Ok I was confused how an owner can be evicted by the board and I just looked to it. The building is more like a co-op instead of a 'condo' (hence the low purchase price). The land owned by a company that leases it to an owners association and each unit owner has a stake in the lease.
When the condo complex owner wants to sell--that's that!
It's pretty much the same way the trailer lot story a few month ago went. You can own your condo, can own your trailer, but you do NOT own the land, nor the building so... Yeah B.S. situation, hopefully there is something in the law that prevents evictions in such a rapid time, and also somehow covers the individuals financial investment as well.
Thanks for clearing that up.
It's something that the "news" couldn't make that simple explanation. Simple. Ratings, and controversy sells.
@@surviveunplugged The news readers and reporters are probably not smart enough to ask questions and formulate a clear and precise report to the viewers.
The new owner will update and raise the rent beyond what these renters pay.
So what did that woman "owner" pay $150,000 for if she doesn't have ANY RIGHTS?
@@jannibal9273, when a person buys in a HOA community, the HOA have rights to the property, an example would be if a person does not pay their HOA fees, the HOA can put a lien against the property and take it. When a new owner buys the entire complex , and this is very common, if they want to kick out the residents to raise the rent they will declare renovations are needed that require residents must move. Sometimes they will tell residents they can move back in once they work is done but their monthly payments will be increase beyond people's ability to pay. This happens with mobile homes, HOAs, townhouses, condos, houses...
CONDOS AND ASSOCIATIONS are the worse invention in real estate history. They work, than they raise prices, create astronomical assessments, they sell to the highest bidder, and can steal to the tune of bankruptcy of the entire property. As far as Australia you hear stories of what this horrendous system can do to people's life. Imagine buying a condo, planning your retirement around it, than getting a 5 day eviction notice. Is ridiculous and a complete disregard for owners rights. I cant never own anything in this manner. I feel so bad for them. Doing everything right, and end up in the streets with some cash, and the real estate market in chambles. They be broke in one year.
Its tge state laws and insurance demands has nothing to do with the condo association or owners but inflationary costs
Horrific is what will happen to someone if they don't fix the building properly. It ain't horrific yet lady!
Maybe I'm not getting something here: How could a person be "bamboozled" into believing they "own" when in fact it's scam? How do you "own" a part of a building when you in fact can be put out? Why waste the $?
What they do is, somebody can buy up the majority of the units and dissolve the condo association by having more votes in their HOA. Once they do that they sell it to an investment company or they themselves have the right now to evict everyone in there because they own the majority of it and voted toturn them into apartments
Renovictions. Common in California for renters. Owner was able to get around it because of Surfside collapse?🤔
They did not say they were renters.
Technically if the owners have to upgrade they have to find places for their tenants -- but eviction is the choice now - most likely to clean-up and raise the rents sky high.
Not surprising we got more New YOrkers here in Florida then any state deserves,..It's a punishment having them here, wished they would find another state to invade cause no one likes or wants them moving in.
Is Miami your property
@@elizabethtejada2251 I wish it was cause I'd send you New Yorkers packing..
@@elizabethtejada2251It's all good because there wouldn't be a Miami if it wasn't for NY'ers
True. They ruined Florida.
Saying a New Yorker is worse than a Floridian is like saying a turd sandwich is better than a used douche. Both are equally horrible.
It’s criminality, if you have title ownership over your apartment “common sense” law would say you cannot dictate to “owners” to sell/move out or do anything without their agreement.
Unless... the building is a danger and they need to evict you in the name of "safety". They are exploding that fact, someone with a load of money together with someone of the City.
@@vjreimedia Yes indeed, trying to evict you from your titled ownership dwelling indicates criminal intentions. They have absolutely no right even if it’s unsafe to “evict” the owner, which as a construction professional is totally irregular.
Looks like an old Holiday Inn converted to condos. I am still processing the 130K for that condo or whatever it should be called.
Same! $130k a year ago? Something ain't right in the water. Edited to add: Ok, now I see that it's not 'really' a condo/townhome property. Semantics, I swear.
Is it a condo or a co-op? Is the building on leased land?
Man life is getting so much harder. Just leave the poor people alone!
Those poor schmucks...Life would be easier if they just had money.
Poor and Miami Beach don’t go together
130k for a waterfront condo?
I need to move to Florida.
If you'd pay 130,000 for that old motel 6 building you may need to have your head examined.
@@MeoMiyo I support baby Meo on this one, Shayan!
this is not the Florida you think, it's turning into a real disaster , and nobody seems to wanna help ,
Condos in Florida is over ....Horrible investment....Never live under a Condo HOA / ins. cost .
imagine people getting upset that they haven't been paying their bills and now they are suing so they don't have to pay their bills. did they not pay attention to surfside?
I would assume since these units are owned by the tenants that their units would have to be purchased if they are being evicted. Is it just a temporary eviction? Seems like this isn't the whole story
Correct. Are they receiving checks? To move?
Probably $50K at the most.
@cvsmiss7578 they will get fair market value, still your being put into the streets when you owned the condo. Your entire life is about to change because buying something else is impossible now, and the rental market prices are through the roof. Some people choose litigation.
That place looks like an old motel 6.
😆
If it sounds too good to be true. $130K for prime real estate like that? It's a cool on leased land..
This makes absolutely no sense. What do the condo owners own? Do they get compensated for their units? Do they have a right to return after repairs? Is it like buying a mobile home in a park and renting the space and when you get evicted can't move your mobile home? Is this just a Florida arrangement or are there other states with this kind of "condo"?
I guess they are not condo owners.
They are coop owners...Got more questions.? .. do your own research.
@@greenearthblueskies8556 They referred to them as condos throughout the story. Sorry, I didn't mean to upset you. Nor did I expect you to take the time to respond, if it was going to be a problem for you. Have wonderful day🙂
Illegally kicking somebody out of their homes because they want to build a high-rise probably , lying, saying the building is unsafe, bullshit
State law dictates the condo sale.this is what happen to us in Illinois.70percent percent were own by one entity and that made us sale the condo to them.check the who owns majority unit and what Florida law says.
whats the point of buying property.
Buy single family houses!
Condos were a cheaper alternative. If everyone had the money they would've bought the single family home.
Never buy a condo
Confusing.
I am a retired Realtor and I feel sorry for these people. The management sounds like mismanagement.
If it's a condo building, how can there be a building owner? The individual home owners collectively own the building. Something critical is missing from this story. It must be a co-op and co-ops do not work the same as a condo HOA. As a Co-Op they don't really own the unit, they lease the unit. They don't have the same rights as a condo homeowner. Sounds like they did not do their research. Condos are a bad enough investment but co-ops... that's a really, really, really bad investment.
I don't understand. The owners are the people. Unless the building is being condemned that is a separate matter. The association would have to attempt to collect the money to make the repairs otherwise that is a reason it could be condemned.
Finally they get to feel like what the rest of the United States feels like, that's life.
People Understand this before posting your opinion.
Landowner: The person or company that owns the land on which the building is constructed typically holds significant value. Land value is often determined by factors such as location, size, zoning regulations, and market demand for the area. Land can appreciate in value over time, and its worth can have a substantial impact on the overall property value.
Building Owner: The owner of the building itself may have an interest in the property separate from the landowner. The condition of the building, including any structural damage, can significantly affect its value. If the building is in good condition and well-maintained, it can add substantial value to the property. Conversely, if it has structural issues, it can detract from the property's overall value.
Unit Owner: The person or company that owns a specific unit within the building, such as a condo, has ownership rights to that unit. The value of the unit is influenced by factors like its size, location within the building, condition, and market conditions. The unit owner's investment is primarily tied to their individual unit
These condo owners better fear that the price to live in this building is going up way up. Sooner than later. The owner wants them to leave, if not they will be saddled with assessment fees and hoa fees that will they will not be able to afford. Either way the condo owners are screwed.
Loans? This Lady Mayor is okay with this.
When you buy a Condo in Florida it's nothing more than an over glofied TIMESHARE.
Don't do it.
Million dollar units coming
We need to see ppl fix stuff
I can't stand apartments and condos. I prefer my own property.
It all depends. Some people do not want to worry about taking care of a property. They could be vacationers who just want the roof and paint and landscape taken care of. I don't like Condos either but it all depends. My uncle has 5 of them in Palm Springs. They love it.
IN MY VIEW
Let's hear the Apartment owners side of the story and allow your audience to find out the WHOLE story.
what happened with this story??
Damn. Just bought the condo.
This is the 1000th story I have seen in FL about this issue…. You get what you vote for FL
welcome to rino desantis florida
The American dream!
Sharks have two legs in Florida.....
Hahaha 😆 , but that's real:(
She moved there only a year ago to a beachfront condo for only $130,000? I think somebody knew that that was gonna happen and sold it to her. Because if that is such prime property that thing should go for over 1 million.
@Sirach144
The person or company that owns the land on which the building is constructed typically holds significant value. Land value is often determined by factors such as location, size, zoning regulations, and market demand for the area. Land can appreciate in value over time, and its worth can have a substantial impact on the overall property value.
The owner of the building itself may have an interest in the property separate from the landowner. The condition of the building, including any structural damage, can significantly affect its value. If the building is in good condition and well-maintained, it can add substantial value to the property. Conversely, if it has structural issues, it can detract from the property's overall value.
The person or company that owns a specific unit within the building, such as a condo, has ownership rights to that unit. The value of the unit is influenced by factors like its size, location within the building, condition, and market conditions. The unit owner's investment is primarily tied to their individual unit
@@Lantana20
Remember condo owners don’t own any land.
repair then turn into apartments then charge transplants 3x last years rentals hahaha
Oh I get it is a co op. Vs Condo learn something new. Thanks to the comments. That is scary how Real Estate is putting people everywhere and anywhere and don’t care you got somewhere to go or not. Wow
The owner is selling the building .. preatty simple
So they are not owners then?
Thank 45 for this mess!
Yeah…….that’s all about money
If something seems to good
To be TRUE ‘ it usually is..
The previous owners had
To know this to was it in
Your contract..😏
5 days??? Wtf
That would be illegal in California. The landlords could easily be sued by the tenants. They need a minimum of 30 days. 60 days in some areas.
Okay, but why does the reporter narrating sound like Mr. Weed? (Peter Griffin’s boss)
If you bought a unit but not the land it sits on you didn't due your homework or your not the brightest bulb in the box.
If it’s a coop people like it, because the prices are far cheaper than a regular condo. Unfortunately, I don’t think a lot of people could’ve predicted the amount of greed that we see nowadays.
The building looks terrible
They never owned those condos. If you can be evicted even paying condo fees and not behind in bank loan
This is why I will never buy a condo
This is all against the law you can tell now the question any Decent lawyers can help????? They are using the maintenance as smoke screen. I don’t think anyone would or will buy anymore condo anymore this is illegal
Can't understand the ppl
um, if these are owned condos, there is no building owner...is it actually co-op?
I'm calling bullshit. It's because of all the luxury buildings in the area, the view, and the lack of representation.
No way her name is margarita 😂
Section 8 👍👍
How do you be an evicted if you are an owner what a joke do a lawsuit against the owner
Greed
The owner is lying Epocrates construction outside of the building not inside
Mi Ami Beauch
The have & have not. If you don’t have a lot of $ you are going to be homeless.
"Babilonia" surname.
lol, this is how developers get rid of old homeowners so they can build even bigger and more expensive. Those people will never get all their money back. Welcome to America.
You can not evict Anyone in America in FIVE DAYS. Period.
It's Florida. Check their state statutes and the zoning and building regulations of the city where this condo is located. You'll see - if you aren't a billionaire, you're screwed as an average American who thinks they're going to have a happy retirement. The moneyed interests will ALWAYS find a way to cheat you out of your money and screw you out of the property you thought you owned.
I don’t think they were given an eviction notice for five days. I think that on the paper it was five days later because they had it for a while.
You can if it's for legitimate safety concerns, they've done it at nearby buildings that had collapse concerns.
Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.
Actually, you can blame the Fed for manipulating the market by keeping interest rates artificially low for the last decade. They created this mess and now there's no way to fix it without completely crashing the market. And I'm OK with that.
You can also blame the Fed but most of it goes to those investors that have made life difficult for the 61% of people that are living paycheck to paycheck and can’t afford to buy a home because of these investors that gobble up the properties and jacking up the rent and buying price for a home. That’s BS.
He's mainly talking about CA real estate in the Bay Area for this video. Many real estate investors in other parts of CA, and even other states, are still doing well. In CA, I'm sure the lack of supply to meet demand, rising construction costs, extremely long process to approve housing projects, and high property taxes are just a few things causing high housing prices in the state. It's bias to just use real estate investors as the scapegoat to "a major reason why the real estate market is the way that it is now".
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person.
👎👎👎👎👎👎👎
Sock Puppets?
It's not ruff. it is wrong and one day soon they will answer to God as all are accountable to God for the deeds done in the body. 2 Cor 5:10
2 Cor 5:10 For we must all appear before the judgment seat of Christ, so that each of us may receive what is due us for the things done while in the body, whether good or bad.
Rom 14:11 For it is written, “AS I LIVE, SAYS THE LORD, EVERY KNEE SHALL BOW, AND EVERY TONGUE SHALL CONFESS TO THE FATHER THAT JESUS CHRIST IS LORD.”
LIFE IN A FASCIST STATE - WHERE CROOKS AND THE POWERFUL DO WHAT THEY WANT
Hahahahahahahahahahahahahahaha
Keep voting republican...it got you this far.
You can blame the Biden administration on this
but no rino desantis who controls florida?
@jadenpark7943 I work as a Legal process server. I have served numerous evictions since the start of this year. This is insane compared to what I've done in the past. I say Bidenomics
@@trumpcard4182 i do miss trump and low cost everything !!
@jadenpark7943 I can't say for certain that these evictions are Biden administration. Or DeSantis. But I can say that evictions have gone up ten fold. It's sad
Not sure if you’re a foreign troll or somebody who actually believes Florida real estate is controlled by the White House.
Private companies have had the right to use Eminent Domain since 2005.
I can’t understand the heavy accents :-p
It's those developers that came to Miami & they don't care about where people go they easily pay the Mayor and go down the line to b.s people demolition is next and then a huge building but you don't see people protesting about that huh lol smh 😆