About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.

Perhaps the most interesting part of the article:

  • @derf82@lemmy.worldEnglish
    -3•4 months ago

    If they are not rich owning a million dollar asset, then I’m poor as fuck.

    Living paycheck to paycheck doesn’t make you not rich. It just means you spend what you make. Plenty of rich people do that.

    • TheLowestStone
      2•4 months ago

      If you spend what you make, you’re not rich. You’re pretending to be rich.

      • @derf82@lemmy.worldEnglish
        -1•4 months ago

        Some people can spend $50m a year. Just because you can spend it all doesn’t mean you are not rich. Also, there mere existence of richer people doesn’t make you not rich.