Insurance Is Ruining Affordable Housing

Many individuals and families in the U.S. seeking affordable housing are facing new challenges as access to home insurance becomes increasingly restricted. Prominent insurers such as State Farm and Allstate have ceased issuing new policies in states like California, citing heightened wildfire hazards, rising inflation, and other regional difficulties. This trend is not limited to California; residents in Louisiana and Florida are also encountering significant obstacles, with flood risks leading to similar insurance limitations. Discover more about the implications of these insurance changes for those in search of affordable living spaces and the broader impact on the U.S. housing market by watching the video.

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Kristina Smallhorn
PO BOX 1271
Prairieville LA 70769
#affordablehousing #homeownersinsurance #KristinaSmallhorn

eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817
225-246-1812,Office [phone] ext# 149
Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License number 0912122918
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[zachtaylor]

You’re not crazy. The WEF literally told us that we’ll “own nothing and be happy.” I wish more people would wake up.

[walkinlight]

The cost of living in all aspects is burying Americans. Med ins, dental ins, car ins, food, heat, gas, rent, mortgages, CC interest and water have all gone way up! Every single bill we have has gone way up since 2020 and we are just hoping and praying we don’t lose everything as a result. My state has put so many restrictions on tiny homes and even how long you can have someone living in a trailer on your property and the most in line now at the foodbank I help are seniors. It is intentional and all wef govts worldwide are doing the same policies.

[UrbanVanlife]

its a total joke, and they try and back out of claims as well, greed greed greed, I'm with you on this on 10000%

[specialk]

Florida homeowner here. Homeowners insurance went up 63% and property taxes went up 40% January 2023.
Your conspiracy hat and you are correct.

[DugEphresh]

Number one reason that Congress should not be able to own stock, they go in broke and come out multi millionaires. Well duh, the make the rules that benefit their investments.

[danielesbordone]

This has nothing to do with storms, hurricanes or wildfires, it has to do with "You'll own nothing and you'll be happy", WEF words not mine. It's all done by design. My advice is to move into something cheap and skip insurance altogether.

[cetriyasArtnComicsChannel]

if they drop you after 5+ yeahrs with no claims, they should be giving you back a % of that money

[thanosianthemadtitanic]

this is just pure greed. The amount of house claims being filed are minuscule compared to car or health insurance claims. There well above there profit margins

[kaceykelly]

This is horrifying!!
We must do what we can (some communities have already done this) and make local laws/codes that 75% of all single family residences must be owner-occupied; the sfr's that are rentals must have property owners that live in the same county or state.
WE CANNOT ALLOW ANYONE TO GET WEALTHY BY TAKING AFFORDABLE HOMES AWAY FROM AVERAGE WORKING PEOPLE!

[exmarine]

My insurance in central TX (where there is little risk), went up by 33 pct this year. I am retired and own my home outright, so if this continues year after year, I will DROP all insurance and self insure. I will not be gouged by insurance companies much longer.

Oh, and I reduced my car insurance to liability only after a huge increase in that. Next step there is to sell one of our 2 cars.

[FL-Mimo]

I am now priced out of renting too. (FL)

The federal government needs to take this up. I agree with you. This is price gouging, just like with consumables during the pandemic.

Once prices go up, they never come down.

All recessions do is hand corporations a salary reset to the lowest possible. Desperate people will take anything just to have income.

Blackrock owns nearly all of Orlando. Build to rent is the newest racket here. City council doesn't limit short term rentals.

But Kristina, let's talk about the condo fees in Florida. The new engineer inspections are forcing fixed income earners out of condos nearly paid off because of the newly required reserves to correct catastrophic devastation on a 3-story apt to condo conversion.

[SymphoniasStories]

Who own the insurance companies? Is there a connection with private equity like Black Rock? Follow the money. Who benefits from the increase in premiums, and not just with home insurance...

[mgintrouble]

Some people in my neighborhood were so happy about their home values ballooning over the last few years. In fact, some of them borrowed against their “equity” to buy new cars and other things, but now are complaining that they can’t afford the taxes and insurance. I guess there’s no free lunch after all. Americans have a spending problem. Spending money you don’t have is inflationary and irresponsible.

[wildindave]

Took me a couple years to better my credit score so I could refinance a better rate to save ~$300 a month on my mortgage. After that, took insurance just 1 month to raise their premiums essentially negating any savings I worked so hard for.

[autobotdiva]

insurance, health insurance, car insurance has gone way up! crazy

[flux_inverter]

I do not have home insurance. Not because I can't afford it, but because no one is writing policies for my home type. One company said I would have to get my 30 y/o manufactured home up to current code before they would consider it. If I had enough money to do that, I could self-insure. I ended up getting renter's insurance to cover the stuff inside and give liability coverage.

[Beastobitchio]

I guess we’re all going to start living in Yurts lol 😂

[AWFULWORKPLACES]

The average person in America 25 and 30 cannot Afford to buy a House of there own with prices like these

[homesteadroofing]

I own a roofing company in Colorado so we have to deal with insurance companies on a daily basis. What you're saying is accurate, but it's not the whole story... Not only are carriers drastically increasing rates, but they're also radically increasing the share of the costs for the homeowner by raising deductibles. We recently took on a client for a re-roof and he has a $20, 000 deductible for wind/hail damage on his $400, 000 home.

[maricleman]

Already ruined. YouTubers are always late. Property insurance basically turns a 30 year fixed rate mortgage into an adjustable rate mortgage..