CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

The #ClimateCrisis will make the 2008 mortgage crisis look like a walk in the park. With ice cream.

" Rising seas, bigger #floods, and other increasing #climate hazards have created a dangerous instability in the U.S. financial system. "

That, on top of developers building in flood plains and wildfire-prone places, and the US government providing the #insurance.

#ClimateChangeIsTheLastStraw
https://yaleclimateconnections.org/2023/04/bubble-trouble-climate-change-is-creating-a-huge-and-growing-u-s-real-estate-bubble/

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

The knock-on effects are far-reaching in time and space:

"UPC has not given a reason for pulling out of , but according to property legal blogs the company took a financial hit after hit and has struggled to bounce back."
That was in 2008.

https://www.hawaiinewsnow.com/2023/07/28/major-insurance-carrier-announces-withdrawal-state-leaving-policy-holders-dust/

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