The housing insurance market completely collapses in various parts of America.
Of all the horrible things on your list this is the worst. If people can’t get insurance they can’t get a mortgage. People can’t buy a house without a mortgage. Housing prices will collapse. And do you know who’s going to buy them for pennies on the dollar? Corporations, private equity, and billionaires. The economy will do a repeat the 2008 mortgage crisis, millions in the middle class will find themselves poor, many will be homeless.
It’s also the one most likely to happen because it’s already started.
You don’t understand. Lemmy, like all social media, runs on outrage. How are we supposed to hate the prison industry if what’s going on has a perfectly reasonable explanation? I need to feel hate with my morning coffee, because I need to feel something.
I used to be really active on Twitter. Everyone was there: my friends, people in my industry, people involved in my hobbies. When Musk bought it out everyone left. I tried to follow them to Bluesky and Mastodon but they mostly just quit posting. Between that and Reddit falling apart I don’t often use social media anymore.
Have you priced minivans lately? A base model Toyota Sienna starts at $39,000. Most people don’t want to spend $50,000 on a minivan when they can get a more fashionable SUV for less.
Of all the horrible things on your list this is the worst. If people can’t get insurance they can’t get a mortgage. People can’t buy a house without a mortgage. Housing prices will collapse. And do you know who’s going to buy them for pennies on the dollar? Corporations, private equity, and billionaires. The economy will do a repeat the 2008 mortgage crisis, millions in the middle class will find themselves poor, many will be homeless.
It’s also the one most likely to happen because it’s already started.