Comment on The Insurance Apocalypse Is Upon Us

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sp3tr4l@lemmy.zip ⁨1⁩ ⁨month⁩ ago

Yeah, the plan is to keep building in areas that are just on the precipice of some kind of climate disaster, 5 or 10 years out, then lock buyers in 30yr mortgages.

Keep moving to and building in Arizona and Texas and then do a Pikachu face when their power grids collapse from a massive sustained heat wave or blizzard or drought, and tens of thousands freeze or boil to death.

Unless you are envisioning some kind of massive New Deal, CCC levels of programs to overhaul our infrastructure and provide actually affordable housing in climatologically safe areas,… something like that as ‘the plan’… then uh yeah, best we are gonna get is:

Pay even more for housing in actually safe areas, or still overpay for uninsurable homes.

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