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re: And it's only getting worse, multiple carriers left La on 1-1-2024
Posted on 2/1/24 at 8:51 am to PetroBabich
Posted on 2/1/24 at 8:51 am to PetroBabich
quote:
Self-insure seems like a good answer for those able to save up the replacement value of their home and put it into some kind of low-risk fund that can at least keep up with normal inflation.
That’s the challenge, many of these people are on fixed incomes or retired. The house they spent $125,000 on a little more than 10 years ago is now worth $500,000.
The $3-4,000 per year they are socking away won’t do much of anything other than a roof replacement. They dont have a spare half million hanging around. Plus the property taxes have greater than doubled too.
2
Posted on 2/1/24 at 11:45 am to wiltznucs
quote:Where are houses en masse worth 4X what they were 10 years ago?
The house they spent $125,000 on a little more than 10 years ago is now worth $500,000.
Posted on 2/2/24 at 9:42 am to wiltznucs
quote:
That’s the challenge, many of these people are on fixed incomes or retired. The house they spent $125,000 on a little more than 10 years ago is now worth $500,000.
The $3-4,000 per year they are socking away won’t do much of anything other than a roof replacement. They dont have a spare half million hanging around. Plus the property taxes have greater than doubled too.
then sell for $500k and move. We shouldn't subsidize this crap.
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