The condo tower collapse in Surfside could exacerbate the division that already exists between the tiny Florida town’s new luxury buildings built for the global elite and those constructed decades ago for the middle class.... These factors will decrease older condos’ value while prices in luxury buildings will continue to skyrocket. Advertisement “ The holders of capital who are moving here were never considering older buildings.... They are buying newer structures and preconstruction, so I do

--The condo tower collapse in Surfside could exacerbate the division that already exists between the tiny Florida town’s new luxury buildings built for the global elite and those constructed decades ago for the middle class.... It is already creating headaches for some small businesses. The town has seen the construction of numerous new condos in recent years, where large oceanfront units exceeding 3, 000 square feet( 280 square meters) with modern amenities can fetch$ 10 million and up.... Th