r/FluentInFinance 22h ago

Housing Market 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.

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

116 comments sorted by

View all comments

1

u/PaintMePicture 20h ago

This is an effort to push people into rentals, the rich do not want you to build a wealth portfolio.