silence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 22 hours agoInsurers 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.www.nytimes.comexternal-linkmessage-square23fedilinkarrow-up1157arrow-down13file-textcross-posted to: news@lemmy.worldnyt_gift_articles@sopuli.xyz
arrow-up1154arrow-down1external-linkInsurers 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.www.nytimes.comsilence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 22 hours agomessage-square23fedilinkfile-textcross-posted to: news@lemmy.worldnyt_gift_articles@sopuli.xyz
minus-squareLemming421@lemmy.worldlinkfedilinkEnglisharrow-up11·20 hours agoWhat’s the long term plan there? Buy for cash, rent until the next natural disaster destroys the building and… then what? Doesn’t the landbastard have to pay for the tenants to be in alternate accommodation until the original one is returned to a liveable state? I can’t see how that’s profitable either…
minus-squarethejevans@lemmy.mllinkfedilinkarrow-up14·19 hours agoThey also have the money to lobby state governments to get rid of protections in the states where they have a large presence.
minus-squareanarchrist@lemmy.dbzer0.comlinkfedilinkarrow-up9·19 hours agoBesides then they can turn around and sell some of that land that’s not underwater yet back to the government for “temporary” refugee resettlement tent cities
minus-squarenickwitha_k (he/him)@lemmy.sdf.orglinkfedilinkarrow-up6arrow-down1·16 hours ago What’s the long term plan there? It’s Chicago School economics; there is no long-term plan.
minus-squareℍ𝕂-𝟞𝟝@sopuli.xyzlinkfedilinkEnglisharrow-up1·29 minutes agoI’d say the long term plan is a bailout.
minus-squareieatpwns@lemmy.worldlinkfedilinkarrow-up9·19 hours agoThey don’t think that far all they really care about is maximizing short term profits
What’s the long term plan there?
Buy for cash, rent until the next natural disaster destroys the building and… then what?
Doesn’t the landbastard have to pay for the tenants to be in alternate accommodation until the original one is returned to a liveable state?
I can’t see how that’s profitable either…
They also have the money to lobby state governments to get rid of protections in the states where they have a large presence.
Besides then they can turn around and sell some of that land that’s not underwater yet back to the government for “temporary” refugee resettlement tent cities
It’s Chicago School economics; there is no long-term plan.
I’d say the long term plan is a bailout.
They don’t think that far all they really care about is maximizing short term profits