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Started By
Message
re: Warning Signals Are Flashing for Homeowners in Texas and Florida
Posted on 6/2/24 at 7:36 am to Street Hawk
Posted on 6/2/24 at 7:36 am to Street Hawk
I can attest to increasing insurance rates in Texas.
0
Posted on 6/2/24 at 7:40 am to Street Hawk
In other words, wanna be ballers being in homes they cannot afford.
Posted on 6/2/24 at 8:00 am to FLObserver
Triple the $ to corrupt wasteful government. Makes your heart warm thinking about it.
Posted on 6/2/24 at 8:12 am to L1C4
quote:Those things are going up because of greedy bastards and there's nothing to stop them from doing so.
Is the reason insurance and taxes are going up Is because property values are going up?
Posted on 6/2/24 at 8:18 am to TejasHorn
quote:
The state governments have more important problems to address. You know, what’s going on in people’s bedrooms, women’s bodies, and making sure Bible verses are present in all public spaces. Oh, and the honorable Texas AG and others in the Texas legislature would never take kickbacks from the insurance and other industries. That could never possibly happen.
All you have to do is change Texas to Louisiana and we’re in the same boat. Sounds like Florida is too.
Posted on 6/2/24 at 8:19 am to L1C4
The real estate crash was not because of stupid mortgage loan practices….it was due to local city greed. Property value driven by sales, then property taxes sky rocketing. Insurance rates out of sight.
Your predation is for a long hard summer. Hurricane active summer has been predicted for months now. The greens will blame it all on the fiction of climate change. Insurance companies will bail as they did years ago. Biden will show acting like he cares.Democrats will scream Republicans! Yet it comes from your pockets crushed by inflation.
It will crash again.
Your predation is for a long hard summer. Hurricane active summer has been predicted for months now. The greens will blame it all on the fiction of climate change. Insurance companies will bail as they did years ago. Biden will show acting like he cares.Democrats will scream Republicans! Yet it comes from your pockets crushed by inflation.
It will crash again.
Posted on 6/2/24 at 8:24 am to bluedragon
Home ownership will become a luxury.
Only the vanguard, those rich people who support govt policies will thrive.
Only the vanguard, those rich people who support govt policies will thrive.
Posted on 6/2/24 at 8:32 am to Hangover Haven
Nice subtle brag there. Very wealthy to pay that much in Denton County in the late 90s. I live in DC now.
Posted on 6/2/24 at 8:34 am to Street Hawk
If we get a jobs recession, and interest rates are still where they are, we will be in big trouble with all of those mortgages going upside down and no way to sell the home.
If that happens, and it probably will, our government will probably underwrite the loans. And that would be the biggest wealth transfer in human history.
If that happens, and it probably will, our government will probably underwrite the loans. And that would be the biggest wealth transfer in human history.
Posted on 6/2/24 at 8:35 am to bluedragon
quote:
The greens will blame it all on the fiction of climate change
They want a govt takeover of insurance, and fewer home owners.
Posted on 6/2/24 at 8:41 am to L1C4
quote:Yes, but that statement holds more water with regard to property taxes than insurance.
Is the reason insurance and taxes are going up Is because property values are going up?
Idk, just a thought.
Insurance costs are affected by construction and repairs costs, which have gone up because of inflation. But the rise in insurance costs have greatly outpaced the rise in construction and repair costs. Its pretty common along the coastal regions to have seen homeowners insurance double or triple in the past 3-4 years, while construction costs may have gone up 30% or so in the same time span.
Posted on 6/2/24 at 8:52 am to bluedragon
quote:
The real estate crash was not because of stupid mortgage loan practices
It kind of was
Posted on 6/2/24 at 8:54 am to Street Hawk
The insurance hikes are particularly brutal because they can’t be planned for. I’ve mentioned before that, fortunately, my mortgage is comfortably within by financial abilities, but a few years ago, I functionally had an extra car note added to my mortgage overnight. I don’t know how the average person is dealing with that.
Posted on 6/2/24 at 8:54 am to TejasHorn
quote:
TejasHorn
Something tells me that you are one of those UT AssTrain soy boys that protested with their Big Black Dildos (BBD)
Posted on 6/2/24 at 9:06 am to bluedragon
quote:
The real estate crash was not because of stupid mortgage loan practices
It was a very very large part of it. Predatory lending was unchecked. Tons of sub-prime lending and giving those people variable rate mortgages. All in the name of everyone's "right" to own a home.
Posted on 6/2/24 at 9:27 am to SDVTiger
Insurance from HOA went up so much folks are threatening litigation here 
Posted on 6/2/24 at 9:29 am to ABearsFanNMS
quote:
Something tells me that you are one of those UT AssTrain soy boys that protested with their Big Black Dildos (BBD)
quote:
ABearsFanNMS
Happy Pride Month to you as well.
Posted on 6/2/24 at 9:53 am to Street Hawk
quote:
The likely reasons: rising property taxes and insurance premiums and higher interest rates
Raging inflation is a big part of the problem in all three of the factors you mention.
Posted on 6/2/24 at 9:57 am to Street Hawk
If we just took 10% of the big guys cut from the Ukraine money, we could subsidize the insurance rates for the coastal regions. This government is fricking dumb.
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