A $1 Trillion Time Bomb Is Ticking in the Housing Market - Bloomberg
If hazards stop being rare, stop being predictable, and/or produce damages that aren’t easily reparable (or suggest that a building should not be rebuilt in that location), the existing market structures for both property insurance and property more broadly won’t work.
Home Insurance is a Really Big Problem
“They feel a tremendous pressure to grow. Well, sometimes you can’t grow. Sometimes you don’t want to grow. In certain businesses, growth means you either take on bad clients, excess risk, or too much leverage. Wall Street firms felt this pressure to grow, and they succumbed to it.”
Duff McDonald • Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase
Climate change is costing us dearly, and it’s only getting worse. I feel so intensely frustrated, largely because the preventative actions we could have taken were not mysterious to us: invest in renewables, transition from greenhouse gas-emitting energy generation, and put a price on carbon. We’re finally making some progress on green energy, than... See more
America’s Carbon Bill Is Coming Due
High home prices and a limited supply of homes have made it difficult for some people to enter the market.
Tomio Geron • Startups That Offer New Paths to Homeownership
mortgages. That compelled him, he later told the Financial Crisis
Steven Brill • Tailspin: The People and Forces Behind America's Fifty-Year Fall--and Those Fighting to Reverse It
If one of the severe macro risks is realized and the public market really tanks there is another problem that will significantly worsen the contraction.