Asklemmy

43851 readers

1413 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

143

In the USA, can you lose your home even after it is 100% paid off? (lemmy.ml)

submitted 11 months ago by Confidant6198@lemmy.ml to c/asklemmy@lemmy.ml

134 comments fedilink hide all child comments

Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

you are viewing a single comment's thread
view the rest of the comments

[–] LaGG_3@hexbear.net 8 points 11 months ago (4 children)

Natural disasters and other "acts of god" are becoming more relevant - especially as some states, like Florida, have more insurance companies pulling out. Flood insurance is often unaffordable too.

[–] Confidant6198@lemmy.ml 3 points 11 months ago (2 children)

Wait, are Floridian companies really doing that? Do you have a source?

[–] LaGG_3@hexbear.net 9 points 11 months ago

https://www.cbsnews.com/miami/news/why-homeowners-insurance-is-spiking-options-are-shrinking/

Climate change means worse weather and more storm damage. Insurance companies need to make money off the deal so they raise rates or stop insuring properties.

[–] mateomaui@reddthat.com 1 points 11 months ago

https://www.newsweek.com/florida-insurance-crisis-explained-1812418

That’s just one of the first I found, I’m sure there are more recent ones.

[–] Adkml@hexbear.net 2 points 11 months ago

Which really highlights how stupid and funny the "act of god" line is

So has he just randomly decided recently that he wants to spend more time fucking up people's houses or is it maybe that it wasn't just collateral damage of some benevolent beings plans and maybe there's a a more concrete basis for why these weather events occur.

[–] BolexForSoup@kbin.social 2 points 11 months ago* (last edited 11 months ago)

asdf

[–] Kid_Thunder@kbin.social 1 points 11 months ago

It is happening in California too because of all of the wild fires mostly.