Surging home insurance costs could force families to leave these 10 states (OK is one)
- Thread starter chuter
- Start Date
Might be wrong but I believe the laws in OK allow for insurance companies to aggregate their losses from other states into our computations. Other states do not allow this. So we pay for kaliformunism polices and others. They keep tighter control of the insurance companies.
I do not understand how homes which burn down do not seem to receive insurance settlements. And the insurance companies have multiple outs to paying for repairs. That was a builders defect, we will not pay to fix.
I do not understand how homes which burn down do not seem to receive insurance settlements. And the insurance companies have multiple outs to paying for repairs. That was a builders defect, we will not pay to fix.
From your own link.
Industry advocates argue that they do not control enough market share to dictate prices in any market. Large institutions owned roughly 5% of the 14 million single-family rentals nationally in early 2022.
"Paying attention"
@montesa I think we are safe in Oklahoma.
https://www.fastcompany.com/91016143/best-jobs-2024-good-salaries-flexible-wfh-indeed-list
According to Parcl Labs: Once the Tricon deal is complete, Blackstone’s single-family rental portfolio will be most concentrated in the following 5 housing markets:
While a portfolio of 61,964 homes isn't small, in the grand scheme of the U.S. housing market, which has over 82 million single-family homes, it might not be as large as it initially sounds.
On a national level, institutional homebuyers—firms owning at least 1,000 homes—own around 1% of the total U.S. single-family stock, according to Parcl Labs.
https://www.fastcompany.com/91016143/best-jobs-2024-good-salaries-flexible-wfh-indeed-list
According to Parcl Labs: Once the Tricon deal is complete, Blackstone’s single-family rental portfolio will be most concentrated in the following 5 housing markets:
- Atlanta: 11,144 homes (7,104 Tricon; 4,040 Home Partners of America)
- Dallas: 5,172 homes (2,922 Tricon; 2,250 Home Partners of America)
- Charlotte: 4,710 homes (3,986 Tricon; 724 Home Partners of America)
- Tampa: 3,949 homes (2,365 Tricon; 1,584 Home Partners of America)
- Phoenix: 3,801 homes (2,863 Tricon; 938 Home Partners of America)
While a portfolio of 61,964 homes isn't small, in the grand scheme of the U.S. housing market, which has over 82 million single-family homes, it might not be as large as it initially sounds.
On a national level, institutional homebuyers—firms owning at least 1,000 homes—own around 1% of the total U.S. single-family stock, according to Parcl Labs.
Be careful you don't make a new friend. Before you know it you'll get followed around the site with someone quoting your stuff and continually saying Dunning-Kruger.
What are the numbers when you add in condos, townhomes, and apartments? Directionally I would anticipate the numbers to be far more extreme. But those markets do generally trend to corporate ownership, non?
From your link:
"Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management. And a group of Washington, D.C., lawmakers say Wall Street needs to back away from the market."
The emphasis is rental homes. How many of single family homes are rentals? Answer: It's a drop in the bucket. It's easy to miss that detail with the context of that article. That's by design.
The topic os the thread was surging insurance cost.Insurance?? I was talking about inflation under Biden & trump, & was referring to the govt cpi/inflation report on the economy. I wasn’t referring to insurance in any way. What the heck are you talking about??I was talking to another member about inflation & Your unsolicited comment has nothing to do with our topic.
Guru, lol what a dufus. I know reading comprehension isn’t your strong point, but try to keep up. Good grief
