A house that cannot be insured cannot be mortgaged. No bank will issue loans for uninsurable property. Whole areas are already becoming not just unaffordable but completely uninsurable.
The implications seem too much for the duopoly to even consider.
The implications seem too much for the duopoly to even consider.
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At the very least it's time to ban new flood plain development.
I didn't make an offer on a house I loved for the same reason you moved but I've read climate studies for 30+ years.
On a mortgage with no insurance = extra $$s per month.
An uninsurable house has a value of $0!
2 Force these #ECOCRIMINALS to pay REPARATIONS to communities destroyed by their actions
3 And FINE the INDIVIDUAL CEO’s & BOARDS: this to go to Govts. globally
4 ORDER Firms to fast-track RENEWABLES
https://is.gd/ySASJS
We will need proof for the harms and for fines to be levied against CEOs particularly if what they have done has been legal. I think the renewables piece may need to be carrot and stick rather than order. Order is US rn
https://www.linkedin.com/pulse/climate-risk-insurance-future-capitalism-günther-thallinger-smw5f/
https://bsky.app/profile/fluidsguru.bsky.social/post/3lfegbpgz3k22
It needs to be shouted to ppl who still say 'ppl have to live somewhere' as more flood plain is developed and, who are not jarred by stories of heatwaves accompanied by pics of ppl having fun on the beach.
1. Property owners scream louder about unaffordable insurance.
2. Lib Lab keep protecting the carbon bombers from paying for consequences of their actions.
3. Lib Lab & plutocrat media con taxpayers into more 'support' for insurance buyers (& shareholders).
4. Govt bankruptcy.
(I used to work on the data platform for a big bank).
But climate change is a hoax, right? 😉
They need to know that in the event of a house being destroyed they’ll still be able to get their money back.
But it seems to me, in my old guy experience, it was not an actuarial factor for a very long time.
Then again, nor were DNA tests for health cover.
To be fair, the 2013 Blue Mountains fires changed an entire building code, not just lending or insurance practices.