As a homeowner what weighs me down most is insurance, by a large margin. It keeps increasing while the coverage decreases. It’s a huge racket in my opinion
Racket.
A racquet is what you hit your insurance adjuster with when you’re tired of his racket.
Do you live in Florida?
Oklahoma 🙃rates go up each year due to tornados, at least that’s what they say. Even though i live in a heavily populated area that’ll never get hit.
I had to put a new roof on cause of softball sized hail caused by the infamous may 2013 storm that damn near leveled Moore Oklahoma. But other than that, no storm damage ever
Even though i live in a heavily populated area that’ll never get hit.
I don’t think tornadoes care.
In Arkansas we got a tornado in town. It was a huge wakeup call since people always think it won’t hit where they are.
There are multiple businesses that I personally used that got wiped out by the tornado.
Yeah I feel like Joplin proved that all wrong too.
Was the idea that tall buildings might break up wind shear that would feed the tornado?
I think so. When i lived in the foothills of the Smokey Mountains, common wisom was that we didn’t have to worry about tornados because of all the hills, which is basically the same idea. Then we had one touch down anyway. I think tornadoes just don’t care anymore, almost like they’re more energetic for some reason… like the climate has changed somehow…
That’s what the people living in Dallas said. Then a tornado hit the middle of a dense neighborhood.
I live near the coast where we never get tornadoes because the weather is moderated by the water or something, but now we’re getting a couple tornado watches every season - they’re coming
Have you shopped other companies for rates? I switched earlier this year and cut my insurance costs by more than half! Was fucking ridiculous how it just kept climbing.
On paper, owning a home is almost always more expensive than renting — about 14% more, on average, after factoring in expenses like insurance, taxes, and upkeep.
I’d be interested in seeing how they arrived at the 14% number.
When I bought my first home a couple of decades ago I moved out of my 1 bedroom apartment which I was paying a monthly rent of $700/month into a small starter home with a mortgage of $1000/month. 20 years later that exact same apartment rents for $1350/month. All of the years I lived there my house payment never rose higher than the $1000/month mortgage payment while the rent on the apartment apparently continued to increase year over year. Meanwhile I ended up selling the starter home for $110,000 than my purchase prices nearly 20 years ago.
So is their 14% number just calculated on the first month of each (renting vs buying)?
