For the 76 million homeowners living in HOAs and condos, rising fees have become the norm. ?? Pool maintenance, landscaping, insurance — all going up! In fact, 2024 has seen association dues rise by 6% nationwide and up to 15% in places like Florida. ???? It’s like a surprise bill you didn’t want to see!
Why the Spike? New regulations are pushing HOAs to keep their piggy banks fat, covering emergency repairs so they don’t have to suddenly say, "Hey, everybody, we need a little extra cash!" ???? But with all these fees, many are wondering if it’s better to rent and leave the HOA fees to someone else. ??
?? Fun Wealth Fact: Homeowners have a median net worth of $396,200, while renters sit at $10,400! Real estate is a major wealth builder – no wonder so many millionaires have big chunks of their wealth in it! ????
?? And Speaking of Rising Costs and Comebacks… Tyreek Hill and the Dolphins just ended a three-game losing streak, beating the Rams 23-15! ?? Hill’s touchdown catch was the spark the team needed. After weeks of heartbreak and some “where’s the defense?” moments, Miami’s defense stepped up BIG time. Dolphins fans are wondering: Is this the start of a new streak, or was it just a good night in LA? ??
So, with rising HOA fees and Dolphins wins, Florida is definitely in the spotlight! ?? Who else is feeling the weight of those HOA bills, or are you ready to just rent and enjoy the game without the fees?
#Homeownership #HOAFees #DolphinsWin #AmericanDream #IsRentingBetter
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