Democrat policies are forcing people to drop their home insurance...

[JoeB131]

You stated people making 22k a year should not be allowed to buy a house. So, obviously based on your reasoning, you should make at least 80k before you can buy a house.

If you see that as socialism, than look in the mirror, I just repeated what you said.

Well, no, stupid. 22K a year, you can't afford a house. YOu probably can't afford to rent. You can maybe afford to sleep on your friend's couch.

HOWEVER, 80K, you should be able to afford a mortgage, just fine.

 

[elektra]

Well, no, stupid. 22K a year, you can't afford a house. YOu probably can't afford to rent. You can maybe afford to sleep on your friend's couch.

HOWEVER, 80K, you should be able to afford a mortgage, just fine.

yes, but as you stated that people who make 22k should not be allowed to own a home, I say you should not be allowed to own a home if you make 80k

dont you believe in equity, fairness, what is right

 

[Dragonlady]

What are you personally doing to fight climate change?

I ride a bicycle and don’t own a car. Haven’t been on an airplane since 2009. I buy local. I live in a resort area so I don’t travel much.

 

[Hutch Starskey]

Insurance is one of the greediest, most corrupt businesses in America. Total ripoff.

Until you need it of course.

 

[Dragonlady]

Add another $4000 for property tax and you get $5500

$450 a month in payments just for insurance and tax. For some Americans that is 25% of their take home pay.

If your take home pay is $22,000 per year, you can’t afford a house. You can afford $458 per month for mortgage and taxes. If taxes are $4000 per year, you can afford $125 a month for your mortgage.

Unless you have $225,000 to put down, you’re not buying a $250,000 house. You can’t even afford to buy a trailer.

 

[Hutch Starskey]

Add another $4000 for property tax and you get $5500

$450 a month in payments just for insurance and tax. For some Americans that is 25% of their take home pay.

Sounds like they’re house poor. Bought over their means.

 

[JoeB131]

yes, but as you stated that people who make 22k should not be allowed to own a home, I say you should not be allowed to own a home if you make 80k

No, I said they had no business owning a home if they can't pay the mortgage, insurance and taxes.

 

[Harpy Eagle]

The destruction of the U.S. economy is putting the crunch on everyone.....and in response people are gambling with their homes....

Americans are canceling their homeowner’s insurance because they can no longer afford it, reports the Wall Street Journal.

Welcome to Joe Biden’s America, where the ruling party doesn’t want you to own anything.

“Homeowners are increasingly forgoing home insurance, gambling that the likelihood of a disaster isn’t high enough to justify the cost of a policy,” reports the Journal.

“Some skipping insurance say they are doing so because they can no longer afford the rising premiums,” the report adds. “The national average for home insurance based on $250,000 in dwelling coverage increased this year to $1,428 annually, up 20% from 2022, according to Bankrate.”

That’s a jump of 20 percent in a single year.

“Twelve percent of homeowners in the U.S. don’t purchase homeowners’ insurance. About half of them have annual household incomes of less than $40,000, according to a 2023 survey[.]”
-----
Not having insurance is a major gamble. Insurance not only covers the cost of replacing your house but also its contents, removal of the old house, and a place to live until the new dwelling is in place. That coverage might vary depending on your policy, but that’s all pretty standard.

Even if you decide to abandon your home in the event of a fire or flood or whatever, you could still assume liability with the clean-up.

What strikes me is how financially strapped some people are to take this kind of risk with the most important asset they will likely ever own — their home.

For most of us, for everyday people, your house is not only your shelter; it’s your future. Your home is the thing you build old age and retirement on. Not to put too fine a point on it, but it’s the rock in your life, the thing you can always count on and even draw on in the event of an emergency. The thought of losing my home is unimaginable, and how that loss would annihilate my future plans is even more unimaginable.

But things have gotten so bad in this Biden economy — most especially the soaring cost of the things closest to families, like goods and gas — that something’s got to give, so people apparently think the homeowner’s insurance is worth the gamble.

Nolte: Families Canceling Costly Home Insurance in Biden’s America

Americans are canceling their homeowner’s insurance because they can no longer afford it, reports the Wall Street Journal.

www.breitbart.com

This is all part of the democrat party plan to force people out of individual homes.....the left, now solidly in control of the democrat party, hates the idea that you have a home. They are insane, they need to be stopped.....

This is the goal, not an accident........


You will have nothing......you will be happy.....or you will be punished.

Sounds like total bullshit. One cannot have a mortgage without having insurance on your house.

 

[Dadoalex]

The destruction of the U.S. economy is putting the crunch on everyone.....and in response people are gambling with their homes....

Americans are canceling their homeowner’s insurance because they can no longer afford it, reports the Wall Street Journal.

Welcome to Joe Biden’s America, where the ruling party doesn’t want you to own anything.

“Homeowners are increasingly forgoing home insurance, gambling that the likelihood of a disaster isn’t high enough to justify the cost of a policy,” reports the Journal.

“Some skipping insurance say they are doing so because they can no longer afford the rising premiums,” the report adds. “The national average for home insurance based on $250,000 in dwelling coverage increased this year to $1,428 annually, up 20% from 2022, according to Bankrate.”

That’s a jump of 20 percent in a single year.

“Twelve percent of homeowners in the U.S. don’t purchase homeowners’ insurance. About half of them have annual household incomes of less than $40,000, according to a 2023 survey[.]”
-----
Not having insurance is a major gamble. Insurance not only covers the cost of replacing your house but also its contents, removal of the old house, and a place to live until the new dwelling is in place. That coverage might vary depending on your policy, but that’s all pretty standard.

Even if you decide to abandon your home in the event of a fire or flood or whatever, you could still assume liability with the clean-up.

What strikes me is how financially strapped some people are to take this kind of risk with the most important asset they will likely ever own — their home.

For most of us, for everyday people, your house is not only your shelter; it’s your future. Your home is the thing you build old age and retirement on. Not to put too fine a point on it, but it’s the rock in your life, the thing you can always count on and even draw on in the event of an emergency. The thought of losing my home is unimaginable, and how that loss would annihilate my future plans is even more unimaginable.

But things have gotten so bad in this Biden economy — most especially the soaring cost of the things closest to families, like goods and gas — that something’s got to give, so people apparently think the homeowner’s insurance is worth the gamble.

Nolte: Families Canceling Costly Home Insurance in Biden’s America

Americans are canceling their homeowner’s insurance because they can no longer afford it, reports the Wall Street Journal.

www.breitbart.com

This is all part of the democrat party plan to force people out of individual homes.....the left, now solidly in control of the democrat party, hates the idea that you have a home. They are insane, they need to be stopped.....

This is the goal, not an accident........


You will have nothing......you will be happy.....or you will be punished.

Insurance in deep red Florida is off the charts.

Before I moved in 22 my homeowners insurance for my 4100 SF $380K house went from $1,800 to over $8k annually in 2 years.
With a 10K deduction and $35K wind damage deductible.

My insurance in Ohio with a $2500 deductible and no wind ded is $1,090 for a slightly smaller $340K house.

Did you know that it's against the law for the federal government to interfere with insurance law at the state level?

Yeah, so much for blaming the DEMS.

 

[Harpy Eagle]

“Some skipping insurance say they are doing so because they can no longer afford the rising premiums,” the report adds. “The national average for home insurance based on $250,000 in dwelling coverage increased this year to $1,428 annually, up 20% from 2022, according to Bankrate.”

That’s a jump of 20 percent in a single year.

Do you suppose the record payouts in 2022 and the 27 billion in Underwriting Loss might have something to do with the rise in premiums?

Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011

Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results

www.insurancejournal.com

 

[Mr Natural]

Do you suppose the record payouts in 2022 and the 27 billion in Underwriting Loss might have something to do with the rise in premiums?

No! It's all the Democrats fault! Like everything else that's wrong or bad in the world.

Republicans, on the other hand, are perfect.

 

[elektra]

If your take home pay is $22,000 per year, you can’t afford a house. You can afford $458 per month for mortgage and taxes. If taxes are $4000 per year, you can afford $125 a month for your mortgage.

Unless you have $225,000 to put down, you’re not buying a $250,000 house. You can’t even afford to buy a trailer.

big deal, you are addressing something you do not understand

somebody posted that nobody should own a home if they make 22k
I said nobody should own a home if they make 80k

my comment makes a point, who decides who can own a home, why should 80k people get to own a home but 22k people cant

 

[elektra]

Sounds like they’re house poor. Bought over their means.

yes, very true
but the comment I responded to said people who make 22k should not be allowed to own a home. Allowed. Who is allowed?

If we are going to not allow those making 22k to own a home, we should not allow 80k people to own a home

a dangerous road once you begin that thinking

 

[elektra]

No, I said they had no business owning a home if they can't pay the mortgage, insurance and taxes.

such a lousy liar
this is what you said in post #61

If you are only making 22K a year, you have no business owning a home.

 

[sartre play]

Explain why home owners insurance rates have anything to due with Biden?

 

[Hutch Starskey]

yes, very true
but the comment I responded to said people who make 22k should not be allowed to own a home. Allowed. Who is allowed?

If we are going to not allow those making 22k to own a home, we should not allow 80k people to own a home

a dangerous road once you begin that thinking

Anyone can buy anything. Just don’t bitch about the costs when they exceed your budgetary realities.
Some folks are just awful with money.
Best thing my parents taught me was how to build, protect and use credit.

 

[elektra]

Anyone can buy anything. Just don’t bitch about the costs when they exceed your budgetary realities.
Some folks are just awful with money.
Best thing my parents taught me was how to build, protect and use credit.

which has nothing to do with the point I made

too bad you did not learn some comprehension skills

 

[Hutch Starskey]

which has nothing to do with the point I made

too bad you did not learn some comprehension skills

Your point is trivial and pedestrian. You attacked the style over the substance of the poster.
People who make $22k ought not buy a home. That’s just obvious. Simply not enough cash flow. There’s a big difference between what one qualifies for and what one can realistically afford.

 

[elektra]

Your point is trivial and pedestrian. You attacked the style over the substance of the poster.
People who make $22k ought not buy a home. That’s just obvious. Simply not enough cash flow. There’s a big difference between what one qualifies for and what one can realistically afford.

attacked, now that is nice style there, negatively characterizing my post in response to another

you are simply upset because you do not like when I point out the totalitarians absurdity

either that or you are so absolutely stupid you still do not get it, after I explained it to you twice

the substance of the poster was totalitarian

 

[Ralph Norton]

No! It's all the Democrats fault! Like everything else that's wrong or bad in the world.

Republicans, on the other hand, are perfect.

Now you get it.