Saturday, December 3, 2022
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Federal Reserve Hikes Rates at .75% for the Fourth Time

Prior to 2022, the last time steps were taken to curb inflation in such an aggressive manner was in 1994. At the time, the starting Fed rate was at 2.96% on January 3rd, but by December 12th, the rate had reached 5.34% and by January 9th, it reached well over 6%.

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Floridians Brace for Impact as Hurricane Ian Intensifies

Floridians lined up along the road waiting for their turn to enter the conservation park in a line that spanned more than a two and a half hour wait. In South Tampa evacuation order were given, mandatory orders for mobile homes, zone A and zone B according to Hillsborough Maps. You can check your location in Hillsborough’s 2022 Hurricane Evacuation Assessment Tool.

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Does Your HOA Community Board Members Have Sufficient Oversight of Community Bank Accounts?

In the state of Florida, some property management companies have complete control over HOA community bank accounts. In some cases, the board members themselves have no oversight that is of equal significance over the property management company. In such a scenario, homeowners are left with the cost of filing a civil court action in order to gain any meaningful access to financial records. A similar case in the state of Florida is now taking place in the Copper Ridge Community in Valrico. A complaint was filed by two of the homeowners in the Copper Ridge Community over the financial records not yet provided to the community’s Treasurer.

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Copper Ridge Community HOA Board Creates Election Rules for Thee, But Not for Me

In the State of Florida, HOA Communities for residential homes are some of the least regulated sectors of the housing market. In most cases, it is up to the homeowners to fight their own battles, while the HOA boards and attorneys use community member funds to fight back against the individual homeowners at their own expense. As it relates to homeownership rights in Florida, residential homeowners get the short end of the stick. In the Copper Ridge Community, some homeowners are working with the Treasurer of the board in order to gain transparency over elections and better access to community finances.

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Interest Rates Continue to Rise: The Big Picture

After the election on November 3rd, the decrease in fuel prices began to stop at around $2.10 to find its way towards an upward trajectory. This was a clear sign that even before President Biden’s inauguration, the markets were already adjusting to future policy demands and changes. Between election day of Nov. 3rd 2021 to the inauguration on January 20th the price of gas increased from $2.10 to $2.37 per gallon. From Jan 20th to March 15th, the new administration’s policies pushed gas prices upward to $2.90.

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