4. Live in a van

4. Get insurance. 😂

Makes me think of the earthquake scene in Shogun. This was the strategy in feudal Japan (#3). They knew every house they built would likely eventually be destroyed, so you build with intent to replace

4. As a bitcoiner never ever wast capital on owning one. Just rent.

Many folks in FL opted for 3. due to high insurance costs; 2.

- neighbors are in their 3rd time repairing home from hurricanes, paying out-of-pocket cash to the tune of seveel six figures. Painful to watch and hear details from them

We're blessed to have 1. (acquired at significant discount)

- very difficult to find; took many many years to find right place & await for downturn to buy

Is it even possible to build a robust house? The inspectors would frown as “regulations” are not “met”

Good luck with bureaucrats.

stress test of physical secret storage

report anecdotes here

Are you saying that insurance won't be paying out for the recent fire damages in CA?

Story of The Three Little Pigs

you've already seen some of the major carriers exit CA to your point in 2 and premium inflation will be above average. i think about this a lot from a different angle having so much tied up in the property that i know is going to consistently lose value against bitcoin. it feels very sub-optimal but the wife likes it here 🤷‍♂️

Option 4) build a mediocre house in Florida, Louisiana or Texas and don't buy insurance at all. When the inevitable hurricane wipes the house off the map, your state will beg the federal government for cash and US citizens will, like always, bail out the affected citizens and state/local governments.

Generally insurance is one of the biggest scams. They happily take your money for *years* with the promise of help in the future. when something terrible happens, they find any excuse they can to no pay out. If they have to pay, they drop you or raise your rates going forward.

Any industry servicing sectors traditionally supported by insurance (medical, auto body repair, roofing) "price in" this subsidy so consumers don't price shop (its the insurance company's money) so prices are stupid and rise faster than inflation. This drives insurance premiums up faster than everything else.

Insurance company profits shouldn't be much higher than "pure interest " since the business model is about extracting the time value of money. But they are typically some of the most profitable companies around.

This excess profit is a burden on the productive economy. This is exacerbated by government mandates forcing consumers to have coverage which turns competition on its head making insurance companies try not to be the worst, instead of trying to be the best.

Houses are overpriced because they have become an “investment”, a way to maintain wealth in spite of inflation . Ironically inflation is caused by banks creating money out of thin air when people take out a mortgage to buy a house. 🤡

I stopped working 18 months ago.

I had to cut my expenses drastically.

One of those big expenses was my home insurance. It got chopped. I took on the risk of my house being destroyed.

It's an interesting exercise & actually felt quite freeing. It helped that I have a shitty house on a nice piece of land.

And don’t forget to paint your roof in blue.