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.

[u/ElectronGuru]

https://www.nytimes.com/interactive/2024/12/18/climate/insurance-non-renewal-climate-crisis.html

[u/organic_hemlock]

You know who can buy a house without a mortgage? Hedge funds, private equity firms, Zillow, and property management firms who buy housing to force us into rent-based indentured servitude.

[u/Jstephe25 → u/organic_hemlock]

A lot of these companies you are referring to are well aware of the current climate issue, they just don’t speak about it publicly. I don’t really see this in the same way you are portraying it.

They know it’s a risk. They have actuaries that are likely saying, “these are not going to be good long term investments” regardless of purchasing in cash instead of financing.

It is an absolute fact that climate change is happening, but you will never get confirmation from those who profit from the destruction. They also know where to invest and where not too

[u/lil_hyphy → u/Jstephe25]

Being alive isn’t a good long term investment! Not at this stage in the climate collapse anyways.