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Condo market faces risk of collapse

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www.youtube.com – CBS Miami – 2024-10-07 17:07:01

SUMMARY: Concerns are rising about a potential crash in South Florida’s condo market, particularly in Miami, which faces risks from new condo laws, higher insurance rates, and a surplus of unsold units. A family attempting to sell a condo in Sunrise faced significant challenges, ultimately settling for $50,000 less after six months on the market due to financing difficulties and increasing assessments. Market expert Peter Zooki highlights that there is a nine-month supply of older condos and predicts a financial cliff in 2025, leading to decreased individual ownership and rising rental trends unless government intervention occurs.

A new report from UBS shows that Miami is the market most at risk for a bubble burst​, particularly in the condo sector.

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Former Palatka city manager accused of concealing business ties in land deal

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www.news4jax.com – Khalil Maycock – 2024-12-21 21:42:00

SUMMARY: An investigation into former Palatka interim city manager Jonathan Griffith revealed he concealed business relationships while in office. The report indicated that his financial interests were enhanced by actions taken by a city Commission kept unaware due to misleading information. A controversial land swap involving “River Center” and “Port Consolidated” raised questions, as Griffith had undisclosed ties to a firm involved in the deal. Blue Crab Development purchased properties for $1.3 million, while the city transferred property valued at $1.6 million. The investigator concluded Griffith intentionally misrepresented his interests, prompting concerns about ethical governance.

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Trump taps ‘Apprentice’ producer, Mark Burnett, as special envoy to the United Kingdom

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www.local10.com – Will Weissert, Associated Press – 2024-12-21 15:43:00

SUMMARY: Mark Burnett, renowned television producer known for hits like *The Apprentice*, *Survivor*, and *The Voice*, has been appointed by President-elect Donald Trump as special envoy to the United Kingdom. Burnett, born in London, is recognized for his significant influence in television and business. Trump praised Burnett’s diplomatic skills and international recognition. The appointment continues Trump’s trend of selecting figures from television and politics for key roles. Although the U.K. is not typically a special envoy post, Burnett will focus on enhancing diplomatic relations, trade, investment, and cultural exchanges between the U.S. and the U.K.

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Doctors share tips to stay healthy, prevent flu this holiday season

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www.youtube.com – ABC Action News – 2024-12-21 13:00:04

SUMMARY: As the holiday season approaches, doctors in Tampa emphasize the importance of staying healthy to avoid the flu. Dr. Timothy Hendrick of Advent Health Centra Care reports a doubling in flu cases since Thanksgiving. Symptoms to monitor include fever, cough, and body aches, with treatment recommended within 48 hours. Key advice includes getting plenty of sleep, staying hydrated, practicing hand hygiene, and wearing masks to prevent transmission. Residents share their health strategies, like taking vitamins and avoiding sick individuals. Doctors also urge everyone to get their flu shot to safeguard against illness during holiday gatherings.

There’s nothing worse than getting sick around the holidays.

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