Owners struggle to pay for new safety requirements in Florida

In the aftermath of the tragic collapse of a high-rise condominium complex in South Florida three years ago, new regulations were enacted to ensure the safety of residents living in other aging condo buildings. Now, a so-called ‘condo crisis’ is gripping Florida, as many owners find themselves caught in a financial storm due to the hefty costs of mandated repairs and updates. CGTN’s Nitza Soledad Perez reports. Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.