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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses the implosion of the Florida Legislature’s Special Session that was requested by Gov. Ron DeSantis (R) to deal with pressing issues, including providing relief for cash-strapped condo owners facing skyrocketing fees.
During the nearly six-minute podcast, Zalewski explains how things went sideways for condo owners who were hoping for a government bailout or deadline extension during the Special Session.
He also reflects on a prediction by State Rep. Mike Caruso (R-Delray Beach) who said that Florida is on the brink of seeing a surge in condo foreclosures beginning as soon as March.
Rep. Caruso highlighted that many elderly residents on fixed incomes are struggling with increased fees and special assessments, a situation exacerbated by laws enacted post-Surfside condo collapse.
Read the report: https://peterzalewski.substack.com/p/florida-faces-condo-foreclosure-surge
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For this week’s Miami Condo Market Intelligence Report™ newsletter, we offer some suggestions on how Gov. Ron DeSantis (R) and the Florida Legislature can use the free market to fix the state’s condo associations during next week’s Special Session.
Report: https://peterzalewski.substack.com/p/heres-how-florida-can-fix-condo-associations
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For this week’s Miami Condo Market Intelligence Report™ newsletter, we are sharing some of the information that we have collected about the South Florida condo market at the start of the 2025 Florida Condo Association Financial Cliff.
Report: https://peterzalewski.substack.com/p/condo-sellers-flood-south-florida
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For this week’s Miami Condo Market Intelligence Report™ newsletter, we are sharing some of the information that we have collected about the South Florida condo market at the start of the 2025 Florida Condo Association Financial Cliff.
Report: https://peterzalewski.substack.com/p/condo-sellers-flood-south-florida
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For this week’s Miami Condo Market Intelligence Report™ newsletter, we are announcing our 2025 resolution to create a depository of reader-supplied Structural Integrity Reserve Studies (SIRS) for condo associations in Florida.Report: https://peterzalewski.substack.com/p/2025-resolution-create-sirs-database
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We asked Google's Notebook LM to analyze our latest piece entitled "Does Florida Need A Citizens 2.0 Insurance Option For Vintage Condo Buildings?" that was published Jan. 19, 2025.
The AI software produced a thought-provoking podcast that is about 18 minutes long between two voices that analyzes the future of insuring Florida’s Vintage condo buildings that are at least 30 years old.
Listen: https://peterzalewski.substack.com/p/what-does-ai-think-is-future-of-vintage
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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses the Jan. 1, 2025, launch of the Miami Condo Cliff Index™.
This index tracks the financial health and stability of condo markets in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.
Read the report: https://peterzalewski.substack.com/p/new-index-to-track-miami-condo-association
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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses the Top 5 Miami condo market story lines of 2024.
During the more than eight-minute-long podcast, Zalewski discusses overvalued condos to the growing supply of condo resales, and the preconstruction boom to the looming 2025 Florida Condo Association Financial Cliff.
Zalewski also discusses how Florida-mandated Structural Integrity Reserve Studies (SIRS) are impacting the other four story lines highlighted in 2024.
Read the report: https://peterzalewski.substack.com/p/top-5-miami-condo-market-story-lines
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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - shares his journey from Greater Downtown Miami to Miami Beach for a business lunch during the hectic 2024-25 Winter Buying Season, using his travel experiences to draw parallels to the South Florida condo market.
Read the report: https://peterzalewski.substack.com/p/how-an-uber-trip-revealed-hidden
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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - provides insights into sales statistics for preconstruction condo projects in Miami and South Florida.
Read the report: https://peterzalewski.substack.com/p/should-you-trust-miami-preconstruction
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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - provides insights on a new University of Miami study that identifies more than 30 oceanfront condo towers that are reportedly “sinking.”
Read the report: https://peterzalewski.substack.com/p/would-you-invest-in-a-luxury-oceanfront
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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - provides insights on the Federal Reserve's recent decision to cut interest rates by 25 basis points and its impact on mortgage rates and condo prices.
Read the report: https://peterzalewski.substack.com/p/where-are-mortgage-rates-headed-in
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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses the need for a private club for buyers, sellers and real estate professionals.
Read the report: https://peterzalewski.substack.com/p/south-florida-condo-investors-owners
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This is an preview of the December 2024 Monthly Meeting. To watch / listen to the entire 90-minute meeting, please subscribe on Spotify for paid podcasts or join the Miami Condo Investing Club™.
Join expert Peter Zalewski of the Miami Condo Investing Club™, as he hosts the December Monthly Meeting that focuses on the impending 2025 Florida Condo Association Financial Cliff.
Topics discussed during the 90-minute presentation include legislative actions, financial pitfalls and opportunities in the South Florida condo market.
Zalewski provides an overview of upcoming regulations, the importance of structural integrity reserve studies, and market valuations across the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.
Read the report: https://peterzalewski.substack.com/p/watch-final-monthly-meeting-before
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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses a hefty $56 million assessment levied on the owners in a 567-unit condo association in Hollywood Beach.
Units owner in The Summit condo project - comprised of a pair of 25-story towers built in 1982 - in Southeast Broward County are each facing nearly $99,000 in special assessments, according to a NBC 6 Miami report .
On top of the special assessment, unit owners in the condo project are also required to continue to pay their existing maintenance fees that are north of $0.80 per square foot monthly.
Read the report: https://peterzalewski.substack.com/p/south-florida-condo-owners-enraged
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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses the current state of the South Florida condo market, specifically analyzing whether condos are adequately priced, overvalued or undervalued.
Read: https://peterzalewski.substack.com/p/are-south-florida-condos-undervalued
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In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses a series of segments about Florida’s 2025 Condo Association Financial Cliff that aired today on CNBC.
The network’s senior real estate reporter Diana Olick examined what the changes in the Florida Condo Law could mean for condo associations, unit owners and prospective buyers.
Olick’s reporting also explored the financial impact of special assessments on Florida unit owners who live on a fixed income as well as strategies by developers to buy out vintage projects that are at least 30 years old.
Podcast Timeline:
00:00 Introduction to Miami Condo Minute
00:21 Overview of Florida's 2025 Condo Association Financial Cliff
01:00 Implications for Condo Owners and Buyers
01:29 Special Assessments and Financial Impact
02:00 Looking Ahead to 2025
02:49 Upcoming Miami Condo Investing Club Meeting
03:17 Conclusion and Contact Information
For more statistics, reports and analysis, visit MiamiCondo.Club.
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Volume 24, Episode 45
In this episode of the Miami Condo Market Intelligence Report™, Peter Zalewski examines the current state of South Florida condo prices using the "1% Rule"' and data from the 2024 Summer Buying Season.
The report discusses whether it is a good time to invest in condos given the slowing sales, decreasing prices due to structural financial changes post the Surfside collapse, and the upcoming 2025 Florida Condo Association Financial Cliff.
Insights and trends from the summer market are presented to help buyers, sellers, and real estate professionals navigate the coming Winter Buying Season.
Listeners are encouraged to subscribe for more detailed reports and join the Miami Condo Investing Club™ for additional resources and updates.
00:00 Introduction: South Florida Condo Market Overview
01:01 The 1% Rule: Evaluating Condo Investments
01:41 Summer Buying Season Analysis
03:09 Impact of New Legislative Changes
03:52 Market Reactions and Predictions
04:38 Resources and Community for Investors
05:27 Conclusion and Contact Information
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