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Joined 2 months ago
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Cake day: December 19th, 2024

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  • Insurance companies are taking the risk of offering insurance. That is why they normally make money year after year after year.

    When bad things happen, they take the hits. They take on some debt. They stop making profits… because they decided to purchase the risk from people. That’s the gig.

    There is a middle ground here that doesn’t bone homeowners and doesn’t completely bone the insurance companies affected. They should be taking on debt and making zero profits until they pay it off. That’s not how things work here though, i’m sure they will be bailed out on taxpayer money or something… but what should probably happen is that they should be given a federal loan on pretty favorable terms, something like 1-2% interest, until it’s paid off.

    At the same time standards for homes in areas at risk should be such that fire mitigation is mandated whenever a house changes hands. This will inevitably drive up costs, but again maybe this is another case for low/no interest rate loans to cover the changes. A billion or two today could save 25-100-500++ billion over a few years.





  • If you’re immigrating you have to finish a process before you become a resident. My wife wasn’t a resident for a full year until after we got married and she did the process. This means if she spent her money to buy a home during that time she would have been subject to the 100% tax.

    This is what I mean. You can buy a house and live in it before you are a permanent resident. You can buy a house on a fucking visa and move in to the house and only later get whatever immigration document gives you lawful resident status.


  • My wife is on year 4 of the immigration process in the US. She’s still dealing with people misunderstanding how work authorization works with recruiters when applying to roles. She applied ages ago to get the condition removed from her permanent residency. This is even working for years at major companies and making 6 figures. We also bought a home after she started the process.

    I know and understand that the US immigration process is not the same as what is in Spain or any other country, but bureaucratic bullshit exists everywhere and you don’t know the gotchas until you go through it yourself.

    Saying someone needs to complete a process that can easily take 5+ years in some cases is just not realistic or fair. You shouldn’t be forced to rent, it leaves you ripe to being exploited as an immigrant often by people who are xenophobic and bigoted.

    There are ways to change the dynamic of landleeches but screwing immigrants isn’t the solution. Everyone needs a place to live, nobody needs a place to rent out or to leave vacant as an investment. There should also be exceptions for things like commercial properties e.g. things zoned for business use. Shouldn’t be fucking an immigrant over for opening up a gas station or restaurant to make ends meet because the locals are too xenophobic to hire foreigners (a huge issue all over the world.) ___