Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

  • LaGG_3 [he/him, comrade/them]
    ·
    10 months ago

    Natural disasters and other "acts of god" are becoming more relevant - especially as some states, like Florida, have more insurance companies pulling out. Flood insurance is often unaffordable too.

    • Adkml [he/him]
      ·
      10 months ago

      Which really highlights how stupid and funny the "act of god" line is

      So has he just randomly decided recently that he wants to spend more time fucking up people's houses or is it maybe that it wasn't just collateral damage of some benevolent beings plans and maybe there's a a more concrete basis for why these weather events occur.

      • LaGG_3 [he/him, comrade/them]
        ·
        10 months ago

        https://www.cbsnews.com/miami/news/why-homeowners-insurance-is-spiking-options-are-shrinking/

        Climate change means worse weather and more storm damage. Insurance companies need to make money off the deal so they raise rates or stop insuring properties.