I recently photographed a story for The Wall Street Journal about the new challenges Miami condo owners face.
The story focuses on the impact that a new law is having on Miami's real estate market. This law mandates older buildings to meet safety standards, leading to hefty special assessments for repairs. Condo owners, unable to bear these unforeseen costs, are being forced to sell at significant losses. The situation has stirred discord among residents, with some fearing potential developer takeovers while others grapple with uncertain futures in their once-desirable residences…
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