Insurers Are Deserting Homeowners as Climate Shocks Worsen | Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.

@silence7@slrpnk.net · 4 months ago

Insurers Are Deserting Homeowners as Climate Shocks Worsen | Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.

@Magister@lemmy.world · 4 months ago

Guy in the article, Richard D. Zimmel, has a 725K property, add maybe 300K of what’s inside and you reach a million $. Not everyone has that in his pocket account :-/

@Reality_Suit@lemmy.world · 4 months ago

And there’s another part of the problem: artificially inflated house and property prices.

@tal@lemmy.today · 4 months ago

https://www.zillow.com/homes/for_sale/Silver-City,-NM_rb/

There are a lot of houses in Silver City, New Mexico that are a lot cheaper than the one owned by the guy in the article. My guess is that his is probably pretty ritzy for the area.

Insurers Are Deserting Homeowners as Climate Shocks Worsen | Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.

Insurers Are Deserting Homeowners as Climate Shocks Worsen | Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.

Insurers Are Dropping Homeowners as Climate Shocks Worsen