https://www.bbc.com/future/article/20240318-climate-change-is-fuelling-the-us-insurance-problem
This has long been known to be inevitable for coastal regions worldwide. This Machine Kills podcast has talked it numerous times I think.
$2k a year seems pretty fucking cheap compared to the cost of a house, not gonna lie
Don't argue at me about how akshually expensive it is, home owners, I'm too poor to afford a house
My in laws are trying to buy a house in Florida now, I'm not sure if I should ask about the insurance situation or just leave it alone, I assume they know the price has been doubling year on year in some places.
I'd be inclined to try and say something, but 🤷 some people can't be helped.
Well by the time they mentioned it to us they had already made an offer and I think they would have lost money if they backed out. It felt a bit like salt in the wound maybe. But also imagine buying real estate in Florida now lol.
Yea, honestly anyone buying property on that sinking ship seems unlikely to listen to reason.
Insurance should be a public service paid by taxes. Except for cars cause fuck cars.
I agree but there are definitely cases now with climate change where managed retreat is the better strategy vs insuring and rebuilding
Insurance: Something so useless they have to force you to buy it.
