Florida hit by 'worst real estate crisis in decades'

condo owners are slashing prices by up to 40 percent as they strive to dodge massive incoming repair costs.

Some units have had almost half a million wiped off their asking price as safety fears trigger a wave of sell offs in what realtors have described as the worst real estate crisis in decades.

One three-bedroom, two-bathroom condo in Saint Petersburg was listed at around $1.2million at the start of the year.

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