Florida condo owners are desperate to sell mainly due to skyrocketing ownership costs. These include doubled insurance premiums fueled by hurricanes, large special assessments for necessary building repairs and safety upgrades mandated by new regulations following the 2021 Surfside building collapse, and significant increases in homeowners' association fees. Additionally, many older buildings face declining market values and difficulties in securing financing as a large number of Florida condos are blacklisted by mortgage lenders like Fannie Mae because of underinsurance or overlooked repairs. The combination of rising costs and reduced buyer demand has flooded the market with condos for sale, causing prices to drop, especially for older units, which has created a financial hardship for many owners, prompting them to sell even at lower prices to avoid insolvency or distress. Legislative efforts are ongoing but may not alleviate the immediate crisis faced by these owners.