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42 Stetson L. Rev. 751 (2012-2013)
Rethinking Roth: Why the Florida Legislature Should Empower Local Governments to Regulate Condominium Conversions

handle is hein.journals/stet42 and id is 797 raw text is: RETHINKING ROTH: WHY THE FLORIDA LEGISLATURE SHOULD EMPOWER LOCAL GOVERNMENTS TO REGULATE CONDOMINIUM CONVERSIONS Leighton J. Hyde* I. INTRODUCTION [Ciondominiums are strictly creatures of statute. In the last five years, the United States has suffered under the specter of financial Armageddon.2 In particular, Florida has suffered serious economic setbacks3 with much of the blame placed on the failure of the housing sector.' Industry experts identify the condominium-conversion crazes as a major compo- nent of the cataclysmic collapse of the Florida real estate mar- * @ 2013, Leighton J. Hyde. All rights reserved. Senior Associate, Stetson Law Review. J.D., Stetson University College of Law, 2012; B.A., Florida State University, 1995. 1. Neuman v. Grandview at Emerald Hills, Inc., 861 So. 2d 494, 496 (Fla. 4th Dist. App. 2003). 2. See Jon Hilsenrath, Serena Ng & Damian Paletta, Worst Crisis since '30s, with No End Yet in Sight, Wall St. J. Al (Sept. 18, 2008) (quoting economist Mark Gertler, who described the financial crisis that began in 2007 as the worst ... since the Great Depres- sion). 3. Michael Grunwald, Is Florida the Sunset State? Time Mag. U.S., http://www.time .com/time/magazine/article/0,9171,1821648-1,00.html (July 10, 2008) (highlighting Florida as a leader in mortgage fraud and foreclosures in the United States). 4. E.g. Damien Cave, Florida's Crossroads of Foreclosure and Despair, N.Y. Times Al (Feb. 8, 2009) (available at 2009 WLNR 2490819) (describing the economic impact of the housing crisis on Lehigh Acres, a Florida community that was drastically affected). 5. Robyn A. Friedman, Rental Squeeze: Developers Profit from Condo Conversions, but at a High Price to South Florida's Apartment Dwellers, S. Fla. Sun-Sentinel 1E (Mar. 20, 2005) (available at 2005 WLNR 23615047) (stating that real estate analysts compared the large number of condominium conversions to a shark feeding frenzy); Amy Keller, Shifting Winds, http://www.floridatrend.com/article/11043/shifting-winds?page=3 (May 1, 2006) (citing South Florida as one of the most prolific condo markets in the nation).