Florida's cost-of-living crisis is forcing people on fixed incomes to move

  • by:
  • 05/20/2024
PALM BEACH GARDENS, Fla. — Mounting HOA fees, upgrades required by insurance companies and sky-high insurance premiums are pricing the middle class and those on fixed incomes out of South Florida.

For people who live in Winchester Courts in Palm Beach Gardens, their HOA payments have gone up between $300 and $400 depending on the unit.

“We have the highest number of people who are delinquent with their dues that we’ve ever had, so that means a lot of people are struggling,” Nancy Vought said.

Vought has lived in her Winchester Courts home for 27 years. She and her neighbors had to shell out thousands for new roofs just to keep insurance coverage through Citizen's Property Insurance Corporation, the state of Florida's insurer of last resort.
burned 100 US dollar banknotes by Jp Valery is licensed under Unsplash unsplash.com
Source: WPBF

Get latest news delivered daily!

We will send you breaking news right to your inbox

Copyright © 2024 floridaseastcoastvoice.com - All Rights Reserved
Powered by