• pwnicholson@lemmy.world
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    5 months ago

    The only people doing this are loaded with enough cash or assets to not have to take out a mortgage. They’ll be fine.

    You can’t get a new mortgage without insurance

    • Bo7a@lemmy.ca
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      5 months ago

      Don’t forget us folks who built their little house themselves and can’t find/afford insurance.

      For me it was ‘this house is too small to qualify under normal terms, you will have to pay ridiculous premiums’

      420sqft isn’t exactly a shed. But these companies are stuck in a different era.

    • silence7@slrpnk.netOPM
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      5 months ago

      Also: people who are approaching retirement and actually paid off their house over the course of a lifetime.