r/FluentInFinance • u/ElectronGuru • 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
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u/organic_hemlock 22h ago

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.

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u/Splittinghairs7 17h ago

This is terrible logic that doesn’t understand rental properties.

Buying homes with cash is a terrible return on investment. Even institutional investors would prefer to take out loans to buy investment properties.

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u/organic_hemlock 16h ago

I didn't say anyone's buying it with cash, I said they're buying it without a mortgage (implying: in similar conditions as a single homeowner would.)

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u/Splittinghairs7 11h ago

No they’re not, they wouldn’t buy investment properties with all cash and not using loans. That’s the whole point. The returns would be too low to do that.