Rising insurance costs impacting condo affordability NBC 6 South Florida [Video]

When we first introduced you to Thereza Teixeira, she talked about the impact of an $81,000 special assessment that was imposed by her condo HOA last year.

“It’s a huge hit,” she told us.

A financial hit she’ll be dealing with for 20 years. But that’s not the only reason why what she pays for her condo has soared since she bought her unit in Aventura 14 years ago.

“The regular maintenance, which started when I lived here at $700 or $600, now it’s $980,” she said.

A recent RedFin analysis of MLS data in 43 of the most populous cities found median monthly condo HOA dues are up more than 15% over the year in Tampa, Orlando and Fort Lauderdale compared to a 6% increase overall.

In Miami, dues jumped 5.7% over the year, the analysis found. RedFin said that was partly because the median monthly HOA due there was $835, which was higher than any …