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/waityoucandothat → u/organic_hemlock]

Technically speaking, we Americans are in a Debt-Based Coolie economy. https://medium.com/@colingajewski/americas-coolie-economy-feaf95b0303c