Florida Housing Crisis just gets worse! (Must Watch!)
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- Опубліковано 13 вер 2024
- Here is my opinion on house home insurance is hurting you!
The new buyers agent Agreement will change the way Real Estate works forever!
Check this video out!- They built a fence through their house- • They put a Fence throu...
If you are looking to buy or sell Real Estate on the Gulf Coast of Florida or Alabama email me at jack.motley@adoorrealestate.com. I am a Real Estate Agent.
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Please consult your on professional, insurance agent, Real Estate Agent, Home Inspector in your own state. I am not a lawyer!
If you are looking to buy or sell Real Estate on the Gulf Coast of Florida or Alabama email me at jack.motley@adoorrealestate.com. I am a Real Estate Agent!
Unfortunately the politicians DO know what's going on and they are actually complicit.
Matt Gaetz don't give a damn!
Yup, 100%!
If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Do you mind sharing info on the adviser who assisted you?
Melissa Elise Robinson is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Wow, her track record looks really good from what I found online.i just searched her name and messaged her and I also scheduled a call with her
Invest in the financial markets before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
My windstorm with citizens went from @ 2200 to 4900. SO luckily my mortgage is paid off I removed my windstorm and premium dropped to $1800. Praying for no wind damage! Lived here all my life and never made a windstorm claim! I'm fed up too!
Many people are doing this!
And chances are high that if you did have any wind damage, they would find a way to deny your claim, and STILL raise your rate! MADDENING
@@randiD123 and don't forget the 2% hurricane deductible.
We paid off the home earlier this year, I need to figure out how to tailor the new policy at the end of the year to bring the cost down cause you know these greedy companies are going to look for ways to raise your rates. Any tips
@@MichaelBlast if you are handy and capable of fixing yourself, I would just go with liability insurance. Otherwise, if your roof is up to current code, you can get a wind mitigation done which likely will reduce the costs. Also, the age of your roof is a big factor. They prorate the age, so if it’s over 15 years old, I believe it pays to get it redone.
Pay off your house if you can and self insure yourself.
yea if you can afford it. most folk dont have that kinda money laying around to fix a roof or higher cost issues so you have to get loan or finance it..
The forced insurance ONLY protects the bank too BTW. It should be illegal.
So only you should be protected not the people who loaned you money for that house? Pay it off and you won't have to have insurance.
@@BillJohnston-y7o no it doesnt protect your content or equity. Forced Insurance is PROTECTING the people who loaned you the money. That is what I said. Bit it should be illegal. For example I had $350,000 worth of insurance and was like $3500 a year. Ended up with forced insurance placed by the bank with their insurance co (old house had issue getting policy only LLOYDS OF LONDON could get a policy on my own for one year) that only covered the amount of the bal approx $70,000 and NO CONTENTS for $7000....That should be illegal. So we did pay off and now self insure...>FUGG UM!!!
My auto and home insurance increased by 100%. Their excuse was the increase in Kias and Hyundais being stolen (I don’t own either make) and the increase in the frequency and intensity of natural disasters, causing many insurance companies to go bankrupt. Ummm, isn’t that part of being in the insurance business? Seems like poor business practices to me.
I live in Central Florida and my home and car insurance have both gone up quite a bit.
My house is paid off, so I cancelled my insurance when it went up again... The straw that broke this camel's back!!! Prayer 🙏🙏🙏 is my insurance now during a storm! ❤😊
Mine went up 50%. This is crazy. I tried shopping around for a better rate, can’t find one! My house was built in 99
we are all going to need to stand up for our self's here real soon!!!
@meateater4life551 nope . Smh
Some insurance companies in Florida have packed up and left. Others have gone belly up. The insurance companies that remain have raised premiums to stay afloat. Now ask yourselves, why is insurance so expensive today whereas several years back insurance for cars and homes was stable and affordable. Reminds me of the dog barking up the wrong tree.
In the Orlando area, they are running a TV ad with a young couple stating we will buy your house for cash. It's so strange, just as bad as the crazy insurance companies ads running all the time
It makes me wonder what is going to happen when people start declaring bankruptcy left and right because of the high insurance costs.
House prices will go down?
You are allowed to keep your house in Florida if you declare bankruptcy.
That’s what they want.
As a nearly 40 year Florida insurance professional let me just tell you… You’re about 20 years late with this announcement. I can hardly remember when Florida was not an insurance crisis.
Ikr. It should have been anticipated based on data.
Tell Desantis thank you
Sold on Saint George Island this year. Insurance and tax increases went up more than $1200/month over the past 2 yrs. I had citizens and insurance was $10k/yr for a $650,000 house. That doesn't include flood insurance through Wright! No end in sight on increases either. Fully owned and self insured in the way to go but so few can do that!
If you can, pay it off and put what would have beed the premium in the bank every month for emergencies. After a few years you will be ahead.
I've got no doubt our politicians know what's going on, but the real question is does it matter to them? I also hadn't thought of the insurance angle for folk moving in from out of state. I have met and talked to something like a dozen people who were moving out of state with the reason vaguely boiling down to them thinking it didn't snow, you were basically right next to vacation spots aaaaaaaaaaand the cost of living was (believed to be) lower.
My insurance premium has doubled in the last three years. I feel for people buying new homes in Florida that are not educated as to how things work here. When they get hit with that tax bill they are in shock and many will not be able to stay in their home.
I live near a park and there are more and more people sleeping in their cars overnight there. They have jobs and go to work, but it doesn’t pay enough for housing. As for myself, I am on SSI and my check went up $43 but since my income increased, they decreased my food stamps by $13. My insurance for house and car was 150 a month now it jumped to 200 a month which may not sound like much but on my budget it is a lot. My car needs $2000 worth of repairs. Without it I won’t be able to get to the doctor or the grocery store. Although I qualify for government housing, there is none available because the demand is so great. Even the waiting list are closed.
Getting new beautiful coach home. Insurance only $780 a year. I’m happy with that.
"Raise rates outta nowhere."
The reality is Florida has had subsidized insurance via FEMA for decades, basically meaning federal taxpayers in every state are backstopping the insurance payouts. FEMA has had to be recapitalized three times in my lifetime now and it's obvious you need to pay more. Otherwise this "real estate" is worth $0 when the next supercat comes and there's no funds to fix those houses.
I dont know anyonw who has ever gotten a loan free dime via FEMA.
@@dustyflair You weren't around Florida or Louisiana during bad hurricanes then
@@beelzebrick ridden out several storms...Only FEMA offered referral for SBA loans....have you been around after a storm?
@@dustyflairIt has nothing to do with loans.
FEMA underwrites most flood insurance in Florida, meaning that when you make a claim, it goes through your insurance company, but most of the money being paid actually comes from FEMA. FEMA is funded by the federal budget, in other words tax payers across the country are subsidising Florida homeowners.
There is a limit to how much can be underwritten however, so as claims skyrocket past that limit the insurance companies have to pass the cost on to consumers, and that is why premiums have risen sharply. If the money does not come from US taxpayers, it has to come from someone else, and that someone else is you.
Just be grateful you don't have to pay the real cost, because that would be much more than it is now.
Facts 💯
So over Florida. Planning my move next year.
@@SonyAlphaVisions 100%, its definitely happening nationwide
I had a couple of clients move from.Florida to Indiana already this year because of this
All on fixed incomes
Central Texas here. Just got both my homeowners and auto renewals. I was afraid to open the envelopes. Pleasantly surprised...no change on either. I'm with Amica. They asked me quite a few good questions during underwriting.
I heard they were ok
I paid cash for my house at the bottom of the last housing crash for 1/3rd of land value and all of the improvements came for free. The house was unfinished and I've been fixing it up ever since by myself on the nights and weekends. I had insurance but it's very difficult to get insurance on an unfinished home and the policy doesn't cover much at all. They can also not cover you by their terms in the small print so I decided to not have it.
Also I had a roof issue where the insurance company only wanted to pay for 32 shingles after hail damage but according to the fine contract hail damage is 100% replacement, so I had to get a public adjuster and attorney involved. In the meantime I have mortgage company forced insurance.
Self insure
Not unless your home is free and clear
Mine didn't go up at all. In fact, it hasn't increased in over 20 years! I haven't had homeowners insurance in decades and during that time, I never had anything happen that would have qualified as an insurable claim.
Housing market artificially inflated. There is a video on a AA rated Appraiser appraised a home and assessed the value at $300,000.00 and the comp was $700,000.00. The appraiser sent his appraised documents to the state gov tax people and they agreed with his appraisal at $300,000.00.
These insurance and property tax increases in 2024 will be how ARMs affected the real estate market back on 06, 07 that led to that last crash. Here we go again. Plus, we also, unlike the last crash, have non housing inflation.
inflation ran pretty hot during the 2003-2006 bubble. Plus people were cashing out trillions of equity then which is why the 2007-2009 hit the economy so hard (the "Home ATM" refi stealth stimulus went away in 2007.).
naples here. hurricane IAN caused a 60 billion dollars damage.irma shock us again back in 2018. no insurance company can dish out 60 billion dollars for damages. the sad but true reality is florida is slowly becoming uninhabitable. soon regular people will no longer afford the insurance and will end up walking out of their mortgaged house. my prediction for florida is people will leave state and only hotels and resorts stay
Irma was in 2017.
The elite will take over Florida just like they did Puerto Rico, but alas, they are too weak in constitution for the Florida summers so they won't last past 2 years either.
If the house price doubles, so should the insurance policies.
AND THE TAXES.........WE NEED NEW ROADS and communities can't even keep up the right-a-ways
@@HaywoodJablowme-kn2ve You have some of the most over paid over perked gov workers in the country. Firemen are the worst over paid bunch there, read my other post.
People love to know their home value goes up but don't look forward to what comes with it
home price rises are MOSTLY location value, not stick & bricks. hurricanes generally only damage the latter.
House value going up doesn’t do anyone any good. Run all the scenarios. For instance, if it beats inflation, eventually nobody will be able to afford to buy.
Yep. Nothing makes me more livid than dealing with insurance. My home insurance (Edison) told me to replace my roof, and also by the way we are dropping you if you don't remove those 4 solar panels I have in my backyard SEPARATE FROM THE ROOF AND HOUSE. What the Foxtrot!? They said they will only insure if I have those 4 panels installed on my roof by an "approved" installer. Oh... I see.. you get your cut as well. They would rather insure a new roof with 50 more holes in it than to allow me to have 4 freaking solar panels in my yard.
In Putnam County florida, businesses from Miami are buying up farm property in vacant lots and putting in RV parks and supposedly apartment complexes which will drive up everyone's property taxes.
we're going down by 5% Cleveland area, but that is mostly seasonal and so many agents that tried to over price at the height of the season.
Easy fix. Pay if off and no need to buy insurance. however, my rentals are getting expensive and not worth renting anymore. And those homes are free and clear.
I will be finish with an ICF home by end of the year. Currently, I pay 20K for annually for insurance. With the new home, it will be 3K. When I pay if off, I will not buy insurance at all.
What happens if half of the properties in fl self insure. That’s gonna he wild.
We are dealing with this in ca. All you can do is pay the thing off and flip the bird to these bastards.
They jacked ours up 50% too, citing Idalia. Im in Citrus county. All that storm caused was some minor flooding. Im 10 miles inland, and not in a flood zone. Dumb. I might self insure.
Insurance premium on my house went up 55% this year in south Texas.
Mine went up about 45% last year. If renewal goes up much this time ill be self insured
Florida needs what could be, unburdened by what has been. Not me though...i sold my Florida house and got the **** outta that swamp
It's time to sell move to Mississippi, where home & car insurance is affordable! The insurance commissioner, of your state, is increasing your insurance.
Insurance doesn't cover cost of repairs, which it claims to, it cover's the mortgagable value.... Regardless of what your mortgage is... Ie. you purchased home for $100k in 2010, 20% down, but now the house is $700 but you owe only $50k -you are insuring the bank's potential lending... Subsidizing the banks... Thats why Florida law requires every insurance indemnity claim check to list and require sign off of the bank mortgage
No one complains when the value of a property goes up every year. We think we hit the lottery for some reason. Most would be better off if they weren't house rich and cash poor. Mortgages are for the young.
We used to live in Florida and would like to come back but there’s no way I can pay those insurance premiums
Who controls the insurance industry? 🤔
This is not in defense of bad actions, just looking at the math. If the previous decent insurance companies had a business model where 10,000 homes paid into a pool to cover 1000 legitimate problems. When self insured properties quickly become significant in number, either institutions or resident funded, then the pool of money to cover problems becomes too small too quickly. At 45% institutional ownership, the revenue pool drops 45%. Yes, there are fewer homes to cover, but the model that was started had a longer time plan, now numerically it can not sustain the potential loss. The business models need to be updated and recent large claims heavily influence the models exponential calculations. (more recent has a heavier weighting)
Insurance company’s are absolutely insane across the board.
I am more of the realistic type and feel the reason is more political, than practical. Either this is corporate war against Desantis, or he is in on it, or both. In my eyes it has nothing to do with anything else. I say he is in on it because he doesnt bring it up himself. I used to support him more, but when he tried to campaign for president, that urked me bigtime. When i say political i mean those same corps buying up 40% of the market share. They subscribe to WEF and want to make things harder on Desantis. Since everybody is leaving in droves elsewhere, coming here. Its all BS. Trust your gut when it comes to real estate. Oh and since we are talking about investors lets give Desantis a really hard time here. So, im not much for "Gov't regulation" federally/state, however, since we were technically in a state of emergency for most of the pandemic. I feel like he could have taken better steps to assure us that no more than a strategic amount of the market share, could be purchased by investors. Compromise for both sides but at least some sort of "cap". Thats completely on him, never had the ball in his hands to be dropped.
It's happening nationwide, not just in Florida
These rates are not "increased out of nowhere" and yes, because house insurance covers replacement cost if the value of your home goes up, insurance has to increase so that they can cover replacement cost. That's how insurance works. Its a shared risk pool, if some people have more claims at a greater expense your insurance increases premiums so that they can pay out and still stay solvent.
RON is for the insurance co., and any other business that contribute he does not rel the avg tax payer hence fl one of few where no cap in dealership fees charged to buyer. Those consumer laws dont protect consumer its all political. Biggest crock i have ever seen.
The name you are looking for is David Altmaier..he is the guy on his knees w the insurance company in his mouth. The reason that Florida and other states are in an insurance crisis is that elected officials just don't do the job they are hiring for!! There should be legislation that only allows price increases that are regulated.. consumers should not be on some crazy rollercoaster.. consumers should have protection on being cancelled.. insurance companies should be able to leave a market they want, but they should have to stay for a year at a time.. should not be able to leave consumers stranded.. that is why you have a governor and insurance commissioner so that companies can't trample the customer base.. look at stock prices and company forecasts.. insurance companies are sitting pretty and it's the consumer who is getting screwed while your government, your insurance commissioner cheers on insurance companies while they have you bent over
This is such nonsense... those reforms the Governor signed into law a few years ago, doesn't seem to be working. 6 new companies set up shop. I even heard they applied for permission to LOWER premiums. But for many, rates still going up.
And when they print more then inflation goes up
It's won't save homes when people have to choose between eating or mortgage!
Some insurance carriers would not quote us because our home is too old. Built in 2001.
Hey, Jack just wanted to ask if you still got a patron account? Is I would like to pitch in for a video? See, if you could talk about the forgotten areas of Florida. As far as a real estate standpoint, like places along the Alabama border, a couple of beach towns like appalachicola Mexico beach port saint Joe. And those places that are kind of in the middle of the state as far as between the other states and the water or between the florida coast going down the panhandle towards key towards key west The places where most people move in the florida probably don't want to move because it's just far enough out of the way To get to the beach/ Tourist area. and to have their everyday vacation life. I'd really love to see a real estate video about those places that no one really wants to live or it's just overlooked for these bigger towns like pensacola , panama city and all the others
What a wealth of info- i appreciate your channel and you! Thanks!
Also check if you are in sink hole area!
It’s crazy. I tell the tenants this is why rent goes up.
Nobody wants to fix the problem
There's no fix. Too much government involvement i.e subsidizing development and the very creation of Citizens insurance is what caused it.
@@Orlando_Steve how did citizens make it worse?
@@GamerGee Because it encouraged building more high risk coastal development than the market wanted to insure.
@@Orlando_Steve but most of the properties in Florida aren’t coastal. How does that trickle down to the inlands
spot on man I live right up the road from you well in Pace and our home owners ins. has went through the roof almost double, my house was built in like 1980 we spent 146 on it 8-10 years ago and after covid they say its worth over 300 grand now and its only 1700 SF off Hamilton bridge road im like there is no way but since its worth more it costs more for ins.. all my life we wanted our own home now I wish we stayed renters some times its just not worth the stress...
My car insurance went up WAY higher than my house insurance. It's disgusting!
Nothing you can do.
That’s the attitude they are hoping for.
@@randybuyers the elections are a selection process. I don’t vote and never had because you vote for preselected puppets. If you think your vote counts then why does every president give more power to the central banks and federal reserve? Why does every president raise the debt instead of figuring out a way to pay it off? Why are we in an age where corporations have never had more power then now? If your vote counts why is it that the next president that’s selected will raise the debt another ten trillion when another crises occurs? And it will. As long as muppets vote you will always have problems. So there is nothing you can do. You have more tools then thinkers in this world. Useless ants.
Several major ins conpanies left CA. People will be left with few options, higher premiums, etc.
I love Ron DeSantis, but where is he on this? This is the worst thing to happen to us in Florida. I've had my home for over 30 years. I'm retired. The insurance is insane now!
i have a place in boyton...same here too...ron is too concerned with social issues..
You will own nothing and be happy. Why are you not happy?
They are in his pockets
I would assume you voted for Ron based on his looks. Most women vote for men politicians based on their looks. Unfortunately, your buddy Ron only favors the wealthy. He hasn’t only destroyed the insurance market in Florida, he has destroyed Florida as a whole. People used to visit Florida because it was inexpensive and it was simple. good old Ron has complicated the state in such a way that it will never be the same. I hope you have real deep pockets or you’re not gonna be liking Ron for much longer.
Ron sold his soul to lobbying wjen he was running for president
One question, who’d you vote for??? If it’s the current gov you have no right to bitch about what you have done to yourself.
CA house insurance after the fires priced me out! I live in a van. Wondering where to settle?
Happened in Oklahoma too
aren't the major ins carriers in FL simply not paying claims?
Paid cash for my house. I have zero insurance on the gulf coast. Ive saved more money in the last 6 years that i can buy another house if i get wiped out
Insurance company’s should drop you and anyone else that build or buy with in 10 miles of the water. State should not allow third party approval for new roofs. Anyone who hires an attorney should not be aloud to have house or car insurance. If people want to be greedy then move.
I don’t blame the insurance companies have you not seen the damages let alone the amount of hurricanes floods and high force winds in Florida. Also the amount of fraudulent claims are out of this world.
Hey, bro; long time from back in the Pensacola days. this just hit my YT main page feed. Pretty sick!
this is something for your governor to address -- he might place a moratorium on those skanks. maybe you can find a rep. to submit a bill to the legislation.
I asked my insurance agent about my insurance going up by 25-30%. He said it is based on what it would costs now to repair it. I accept this because I k ow the costs of repairs.
Yep, they even told me it was $226 a sq ft to repair. Unfortunately I have 2800 sq ft. Not in flood about 10miles from ocean 55 ft above sea level. They have doubled my insurance for the last 3 years. I paid $1500 for 8 years, then it went to $3500 and I found someone else at $2600. Then it went to $7K. That's just under $600 month for insurance only. I have hurricane windows, shutters the highest insurance discount you can get. My house was built to the 2000 code and the new roof done to 2015 code. Never had a claim. I had to drop coverage to afford insurance in the house I lived in for the last 12yrs. I'm homesteaded but it goes up 3% every year. My insurance and Taxes is double the cost of my actual mortgage. At least I am under 3% interest rate.
called replacement costs....new construction is no where near that UNLESS it is custom work.
Mine was double what they quoted me a year ago. That’s bullshit
I had to switch insurance this year
They are running a lot of you out of the state or home ownership to rent from probably the same investment groups
Hey it's easy....just GO SOMEWHERE ELSE......FLORIDA IS OVERCROWDED AND US NATIVES ARE TIRED OF IT
Your not free you have owners good luck Amigo!
Public insurance run by the government that isn't profit motivated is going to have to happen.
Is it possible to have a co-op like insurance company? Small, limited to an area..?
And they tax you every year on the appraisal of your home
And that's why fl. People flooding into Tennessee
Great commentary
Jack, I see what you're saying but with all the disasters that we've been having in the last few years and the money paid out by the insurance companys, they go broke unless they start taking away some of the millions of dollars that these CEOs and CFOs collect. The whole system needs to be totally restructured. If you can prove your house is worthy to stand up to a cat 3 you should have decent insurance and an affordable rate. As far as the government, you're not going to get them to do anything. They're in the pockets of the insurance companies with their lobbyists.
I keep getting distracted by his pronunciation of “insurance.” IN-sur-ance. So weird. When I hear people pronounce it that way, I also hear them correctly pronounce “in-SURE.” I wonder if they all come from a certain area of the country where someone started mispronouncing “in-SUR-ance,” and it just kind of stuck.
I live N Delaware home insurance D O U B L E D 😢 not big storms etc here
The government keeps CPI low during these three months that they use to calculate the cola increases. Remember that the national debt went up the most when Trump put through his tax cuts. Corporations are paying much less in taxes and huge companies are paying zero. We don't have to print as much money if people and I mean the millionaires and billionaires in the corporations pay their Fair share.
The condo market is even worse. I've heard stories of $200K assessments on units. When it comes to these investment funds buying up houses, I think they're going to fail. They've paid to much for these places, cant get the yield on the cash they want and they're either going to sell or default. Plus its my opinion that interest rates are not going to go down. I think they're going to go up. Inflation isn't done yet. To stop inflation, interest rates will need to rise. These investment first are going to make enough money safely in US bonds where they won't need to chase yields with risks like housing.
That is kicking in on buildings over 3 stories tall.
Florida has always been just a good place
to vacation , living there a big NO.
INSURANCE COMPANIES WHO NEEDS THEM...BE SELF INSURED
DOWNSIZE 600 SQ. FT.
IN THE FUTURE YOU WILL OWN NOTHING AND BE HAPPY
Anna maria island is starting to go down . Many vacation places r starting to see a downward trend.
I vacationed there in 21'. Love that place
Hi been listening to u ..
we r moving from Tenn to coast of Fla above Tampa ..
n scared to death ☠️ .. any help I would appreciate !🙏
Really not feeling it for you. Home values double, so do replacement costs, so does insurance. You've enjoyed the home equity gains, but don't want to pay the associated costs with those gains so it's pretty hard to sympathize. Living in a state that guarantees exposure to high risk of sustaining costly damage doesn't help. Your insurance is being subsidized by the state but you're complaining that the subsidy isn't enough. Don't like it? Sell your house and move somewhere cheaper.
most of the valuation rise was due to rising location value due to the temporary low rates boosting "affordability". insurance *should* be based on damage repair costs (which have also gone up, but not as much).
Theoretically higher home insurance costs will be baked into the price, since for most people PITI limits how much they can bid on a house.
Still in Covid days. Just ignoring it.
You dont even need insurance
THE PLAN IS TO OWN NOTHING, BE HAPPY! I'M SO GLAD I'M NOT A HOMEOWNER, YOU NEVER ACTUALLY OWN YOUR HOME, CAN YOU SAY PROPERTY TAXES ARE FOREVER! ONCE YOU RETIRE YOU SPEND YOUR RETIREMENT MONEY ON YOUR HOME, REALLY! I DON'T THINK SO! GOOD LUCK! YOU BETTER HOPE YOU HAVE A GOOD 401K PLAN, PENSION FUND AND A DECENT SSI IF YOU RETIRE! LIVE DEBT FREE PEOPLE!
Can you say BLACKROCK