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Why owning (and buying) a Florida condo has turned into a nightmare

Why owning (and buying) a Florida condo has turned into a nightmare

MIAMI — Ten years ago, Howard and Sheila Konetz bought themselves a Florida dream: an 1,820-square-foot condo in a leafy gated community north of Miami, complete with access to a country club, tennis courts and swimming pools.

The $478,500 purchase would usher them into blissful semiretirement, they thought. With enough cash in the bank, the couple didn’t need a mortgage and downsized from their house in Miami Beach.

Seven years later, on June 24, 2021, the Champlain Towers South condo building in the nearby town of Surfside partially collapsed when its corroded concrete and steel supports buckled, killing 98 people. Florida lawmakers responded by requiring condominiums that are at least 30 years old to undergo inspections, make critical improvements and amass reserve funds for future repairs.

Suddenly, the Konetzes found themselves facing a $224,000 bill — their share of a special assessment to renovate and repair their 36-year-old building. Unable to secure a loan or sell the unit, the couple now fear bankruptcy. read more

What to do with 2 million Marriott points? Get a Bellagio fountain show

What to do with 2 million Marriott points? Get a Bellagio fountain show

By Sally French | NerdWallet

Most people spend their hard-earned hotel points on, well, hotels. Atlanta-based accountant Scott Krupa spent more than 2.4 million Marriott Bonvoy points at the Bellagio Las Vegas Hotel and Casino for a chance to choreograph his own Fountains of Bellagio performance, a water show with lights and music that takes place at the fountains outside of the iconic Las Vegas Strip hotel.

Set to the song “Beautiful Day” by U2, his choreography debuted in August 2024 and now joins a rotation of 40 possible fountain shows that run every 15 to 30 minutes every afternoon and evening.

How Krupa redeemed points for the Bellagio fountain show

(Photo courtesy of Marriott)

Krupa exchanged his points through the Marriott Bonvoy Moments program, which allows members to redeem for experiences like concert and sporting event tickets. Some experiences sell at fixed prices, while others — like the fountain show experience — involve a bidding system.

Krupa said bidding for this experience was open for nearly two months. Five minutes before closing, it was going for just 1.3 million Bonvoys. But within the last few minutes, it went up by more than 1 million points. read more