silence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 5 months ago
silence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 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
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.
Interesting. I didn’t know there would be minimums like that.
Also: people who are approaching retirement and actually paid off their house over the course of a lifetime.