Wealthy East Coast city where thousands of condo owners are trying to sell amid skyrocketing HOA hike

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Wealthy East Coast city where thousands of condo owners are trying to sell amid skyrocketing HOA hike

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A popular Florida city is facing a mass exodus as thousands of condo owners are ditching their homes amid skyrocketing HOA fees. Miami is known for its beaches, beautiful weather and enclave of wealthy residents, but some of its most affluent are looking to ditch the coastal city as statewide safety regulations are raising homeowner association fees to repair buildings. Nearly 2,000 homes worth more than $1 million have been listed in the Miami area, according to Zillow.
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