silence7@slrpnk.net to News@lemmy.worldEnglish · 5 days agoInsurers 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.www.nytimes.comexternal-linkmessage-square25fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1external-linkInsurers 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.www.nytimes.comsilence7@slrpnk.net to News@lemmy.worldEnglish · 5 days agomessage-square25fedilinkfile-text
minus-squareMagister@lemmy.worldlinkfedilinkarrow-up0·5 days agoGuy 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 :-/
minus-squareReality_Suit@lemmy.worldlinkfedilinkarrow-up0·5 days agoAnd there’s another part of the problem: artificially inflated house and property prices.
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 :-/
And there’s another part of the problem: artificially inflated house and property prices.