This would not stop me from buying a high rise condo in coastal Florida if that’s where I wanted to live, but you can bet that I’d perform my due diligence before plunking down any cash. I’d want to see a current engineering and reserve study on the building. I’m sure all HOA boards in high rises are rethinking their spending priorities, particularly if they’ve got a lot of deferred maintenance.
We were snowbirds until last year. We were on the 15th floor of a high rise in Chicago with beautiful city and lake views before making Florida our permanent home. High rise living may not be for everyone, but that type of lifestyle is really convenient.
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