How Climate Denial is Fueling a U.S. Homeowners Insurance Crisis and Risking a 2008-Style Financial Meltdown
www.ineteconomics.org
New research reveals that rising insurance costs, reckless building, regulatory inaction, and big banks' fossil fuel investments are driving a dangerous cycle that jeopardizes homeowners -- and financial stability for everyone.
  • WhatSay@slrpnk.netEnglish
    6·
    2 months ago

    The economy won’t function without denial. 2008 was only due to high risk mortgages. To face the fact that countless areas will be destroyed by natural disasters, and their value will not be backed by insurance… The value loss is something nobody wants to acknowledge, the economy would never be the same.

  • gravitas_deficiency@sh.itjust.worksEnglish
    4·
    2 months ago

    Ngl I’m kinda waiting for another meltdown like that because maybe then I’ll be able to buy a fucking house as I close in on my 40th goddamn birthday