New Orleans woman says soaring insurance forcing her to sell her Uptown home

[@thekid1597]

Soaring insurance, and when you need help the insurance cancel your policy, total rip off!

[@bryanrabalais]

And when you attempt to use it, they'll only pay a fraction of what you need

[@staceywilliams1863]

Never filed a claim and shit goes up every renewal! Wtf are my refunds for never filing a claim and paying all this damn money!

[@stevenotero2627]

Insurance is a scam. A grift. A racket.

[@Vinny.X]

They live under sea level and being buried under water again is inevitable. Truth is insurance is probably way too low in New Orleans to cover the risks.

[@jeannetteduette6704]

Why not cancel the insurance and save the amount you would have paid on the monthly insurance premium to an emergency account, invest that amount while significant building an emergency fund without having to pay deduction in event you have to use it! It's a gamble but you are building a cash reserve!

[@bigrod997]

Taxes and insurance. Two biggest scams ever.

[@princessmarlena1359]

💯

[@jonlj77]

Accurate statement

[@joeuser633]

Such ignorance

[@RAREFORMDESIGNS]

Don't forget the useless and totally unnecessary Realtors.

[@divingduck9]

yep, & coincidentally both homeowners insurance & county property tax revenues were implemented right after jekyll island's federal reserve scam & internal revenue service started up. also when rockefeller cooked up allopathic medicines & started a worldwide drug war to stamp out neighborhood herbal medicine growing. tyranny on the rise...

[@Xx-po1fu]

If she owns the house, she doesn't have to have insurance. I know a couple in Florida who went without homeowners insurance for 20 yrs and saved $100,000; it was a risk they were willing to take.

[@staceywilliams1863]

That wouldn’t be wise especially in a city like New Orleans that’s prone to flood.

[@staceywilliams1863]

@@jamesa.smith.7794Not wise at all unless you have the funds to repair on your own in the event of flooding or any other disaster.

[@kibblenbits]

@@staceywilliams1863 Homeowner's insurance doesn't cover flood. You have to have flood insurance, and that is WAY more expensive than regular homeowner insurance.

[@bobroberts2371]

Note that home owners insurance protects you from being personally liable if someone slips and falls on your property. Without insurance, they will sue you in to oblivion.

[@johnleebass]

​@@staceywilliams1863 you obviously don't own a home and you don't know what homeowners' insurance covers

[@CypherSpectre]

It's not just New Orleans.

[@LuckyBelafonte]

But it's been a Nola problem for decades. It won't stop. City is shitty anyway. Get out

[@spacesoup6797]

yeah lets build a whole city in swamp land pump all the water out -.- or even better lets build a city in the dessert where there is no water. All of these problems are a testament of mans arrogance

[@gphilipc2031]

But Mitch Landrieu then Cantrell ... OMG, what could be worse.

[@MsBlueHand]

@@gphilipc2031 Like the mayor controls the insurance industry????

[@acer4237]

@@LuckyBelafontedon’t head to Texas, it’s full

[@redriderbbgun8018]

If she owns the home outright she can always drop the insurance, and pocket what the premiums would have been for a financial parachute. Why sell such a beautiful home? You're allowing the banks and insurance gangsters to win.

[@freedomforgiveness6041]

I agree

[@allthingsnu4673]

I was going to say the same thing but you've already said it. People in Florida are doing it.

[@neilkurzman4907]

She can also afford to sell it at a lower price. If she’s not getting offers, then she’s asking too much.

[@neilkurzman4907]

@@allthingsnu4673 And when a big storm moves to Florida, all these people aren’t going to have enough money to rebuild their homes. So what are they gonna do the man the federal government help them out or they just going to walk away?

[@CraftEccentricity]

@@neilkurzman4907 If you put away the equivalent of insurance each month, you will have plenty for repairs. Homes don't get damaged every single year, and with high unemployment, finding repair deals is easier.

[@Dohair879]

Criminal, this should never be happening in this country especially to our seniors.

[@ladywithclasscarpenter1143]

The Insurance commissioner should be investigated! Could be dirty business dealings going on.

[@tyd8077]

That's capitalism baby. You can't force a private company to insure something for free or cheap.

[@667SatansNeighbor]

Wait... she was able to buy a home??? Tots and pears... I will send her all my tots and pears.

[@joeuser633]

So you subsidize them then. Or pay for her repairs in case the Gulf Coast ever has another hurricane /s

[@Elizabethwaiting]

The city is below sea level with an extraordinarily corrupt city government that pockets the money for repairs and up keep of the levees. The next Katrina scenario is just one hurricane away. I’m shocked they still insure homes and businesses in New Orleans.

[@Leo-z1v]

All you young people that will be your future. Those corporate American companies are treating people like trash.

[@12thWardGator]

The record low voter turn out for the 1998 presidential election set up the congressional session that allowed cooperations to be considered citizens is what caused this. I wish the older generation gave that issue attention instead of making fun of a 20 something year old intern that was exploited by her boss.

[@BrooklynBaby100]

They actually Chinese companies with an American Shell

[@teebone2157]

@@12thWardGator weak state governor is the problem not anyone in white house

[@danielmayeux2251]

It's a dem city, no wonder

[@RAREFORMDESIGNS]

Cancel the insurance if you own the house.

[@acer4237]

If you have the money for full replacement, but bad advise if God forbid a fire.

[@pinecone1321]

You're in Louisiana and you probably don't have any kind of flood insurance so that's probably a good idea.

[@danielmayeux2251]

Moronic advice

[@bonniehall578]

Better yet, choose the amount you want to insure your house.

[@markherring3513]

Thats what i did.kinda...now for my home i own outright all ins i have is if someone gets injured on my property im covered from being sued...and thats costing me 3700 a year. Disgsuting.

[@DarqJestor]

They'll gladly accept your $$ for insurance as long as you don't actually use it.

[@stub4488]

They want your house, so everyone can be renters!

[@freedomforgiveness6041]

Well said

[@beasaroseco5840]

Or knock it down for development.

[@smith7388]

Bingo

[@earnestcharles9513]

I can believe that. 😢

[@markherring3513]

They want the house so they can put illegal aliens in them for free.

[@PumpkinKingXXIII]

Yep, I’ve got family that lives there, now their monthly homeowners insurance and property tax cost more than their mortgage payment. It’s crazy.

[@PumpkinKingXXIII]

@@James-to7pi not is your house isn’t paid off, they have 18-20 years of mortgage payments

[@mjblue84]

I loathe insurance. It's what I call "throw away" money. You pay, pay, pay and get nothing out of it. CEO's make billions. If this lady owns her home, she should just self insure.

[@moondancer334]

Self-insure?

[@divingduck9]

@@moondancer334 where u take responsibility for everything that happens to ur house, instead of paying some corporation to do it. like medical savings accounts

[@RodSherwood1]

@@divingduck9most people would not be able to buy a house or a car for that matter if there weren’t insurance companies. You realize that, right?!

[@divingduck9]

@@RodSherwood1 oh sure, its a choice, & the young r nudged into it. but u have freedom to wise up & opt out. how long it takes u is a measure of ur conformity, gullibillity, fear etc. 70+% will take UNTESTED EXPERIMENTAL injections if their screen 'authorities' tell them thats how to achieve security:) had ur boosters?...

[@divingduck9]

@@RodSherwood1 oh sure, its a choice, & the young r nudged into it. but one has freedom to wise up & opt out. how long it takes u is a measure of ur conformity, gullibility, fear etc. 70% will take UNTESTED EXPERIMENTAL injections if their screen authorities suggest thats how to achieve security:) had ur boosters?

[@LarimaBeyondBorders]

She needs to rent out a room or something. Insurance should not be a reason to sell such a beautiful home. Plus, I seriously don’t think she will find a nice to rent that’s much cheaper. She bought this home in 1995 and even buying a smaller place might cost way more. I absolutely love this home. I grew up in this neighborhood. I would totally be her housemate and help her out.

[@microbios8586]

I agree. $2500 a month when she's not paying a mortgage seems high but doable with a few tenants. At least she can stay in the neighborhood so her quality of life wouldn't be too badly affected.

[@divingduck9]

go tell her

[@french.25princess]

​@@microbios8586It costs less than a retirement home too.

[@Superfatcat2525]

Agree. Rent a room or multiple rooms.

[@puddincup9879]

Because your crack pot idea is logical?

[@dstaff7373]

She need to Rent Rooms out to other older women...

[@imetaboyiusedtoknow8308]

Taking in tenants is a headache, a safety issue and leads to higher insurance.

[@Goodkidjr43]

@@imetaboyiusedtoknow8308 False. The key is to be discriminating in whom you rent to. People have been doing it for centuries.

[@gphilipc2031]

Good Idea!

[@dstaff7373]

@@Mimi-ht6xr fine Print Contracts...

[@imetaboyiusedtoknow8308]

@@Goodkidjr43 Times have changed and not for the better.

[@thatboyaintright]

County Appraisal Office: Let's price residents out of their home through property tax. BlackRock: Lets shake on it!

[@neilkurzman4907]

So do you think all that tax money goes? I know you think it’s all stolen.

[@cindifischer6919]

That's exactly what is happening. We moved in our home in 2017 and taxes were $1,800 a year and now they are 3,500. House insurance went up 2200. bucks since we moved in. Sometimes wonder what the county does with all that extra money from every single house that the appraiser assessed at. Did no good to fight it, they said it is what it is and they pretty much said that to everybody that went into complain.

[@saythankyou111]

@@neilkurzman4907…..ummm we know where it’s going by the trillions……out of this country, the illlegals will be called to duty soon….🇺🇸☠️✊🏾

[@cowboydelnorte3078]

I’m ignorant about a lot of real estate however, if you buy a home, own the home, no more mortgage. But then property taxes and homeowners insurance is the real mortgage payment for life smh. So in America, you’ll always pay the government? We can’t ever just finally own our land and homes outright? We fukn fools. We will blame the blacks for this and whites for that oh and collectively say fuk the immigrants and the police etc smh all the while we’re separated on dumb shxt the gov is fukn everyone over. Ftw 💥

[@harlanjackson6112]

This woman is paying $10k/year in property tax and $20k/year for insurance. I think insurance costs are the real rip-off here.

[@lovewenwin]

They using fancy terms like "algorithms" to justify price fixing. this is affecting so many different markets. no one's doing anything about it.

[@czechmate6916]

This is happening all over our country. Pretty soon there will be more of us senior citizens living on the streets.😡😡🤬🤬

[@steven4315]

I pay $717 a year here in Indiana for home owner's insurance but we don't get a lot of hurricanes. Maybe before living on the streets, move to a more affordable area.

[@Bonafide188]

No its not. My homeowner's insurance is only $800/year and flood insurance is only $600/year. Maybe move somewhere less prone to natural disasters. It's not hard to figure out

[@kelleemerson9510]

No big increase this year for homeowners or vehicles. Everything is paid for. Is that the difference?

[@gphilipc2031]

We used to get our big cardboard boxes (clubhouses) at Comeaux on Vets. Looks like some will be getting back into that scene.

[@mjblue84]

That's the "plan". WEF. "You will own nothing and be happy."

[@barkmaker]

Good luck to her. I know people who have been trying to sell their New Orleans real estate for over two years now.

[@safeandeffectivelol]

Someone will buy at the right price. Sellers want early 2022 prices when rates were around 3%

[@Chinaglo24]

No buyer em. How does this government allow this is beyond me.

[@neilkurzman4907]

@@Chinaglo24 So you think the government should force people to buy houses? Or do you think they should force insurance companies to lose money? Florida and California tried that they simply left the state. The government can’t fix every problem.

[@barkmaker]

@@safeandeffectivelol, it's a 5 unit rental in the heart of the French Quarter asking $1.2 million across from the Royal Orleans. I remember a time when it would have cost you close to that for one of the units.

[@barkmaker]

@@Chinaglo24, fortunately our government doesn't force many people to sell their property just yet. ...but to answer your question more directly, because the government can't claim eminent domain without proving some sort of necessity. ...normally.

[@ShannonsBibleStudy]

That's very sad. It's a beautiful house.

[@redriderbbgun8018]

Shannon, you are beautiful 😍

[@Antony..24]

Some rich insurance guy will buy it.. Sad

[@aaron___6014]

And New Orleans is a dump, shame on the cities and greedy insurance companies.

[@dianev6180]

Thirty years ago attorneys would not accept property claims, now Public Adjusters and their lawyers have devoured the Property & Casualty industry in just under 5-years. Lawmakers in every state helped by allowing one-way attorney fees and assignment of benefits abuse. Their corruption has left every homeowner in peril. The fact that lawmakers have skin in the game is a problem! It started as a Florida problem and everyone blamed it on storms, storms weren't our problem initially, fraud and abuse by some of the biggest names in the State brought us down.

[@amomentoftime1963]

Wouldn't it be better to get a roommate to cover the expenses, rather than lose something you had with your husband? Maybe a family member, or someone you know and trust?

[@ST-rj8iu]

@@lalagardenia6500 and the squatting. ugh!

[@jeremiahtalkssports1832]

So this is how they do our seniors? This is sad.

[@mortsims]

a lot of people are in this situation.

[@Antony..24]

Same insurance scam..

[@beasaroseco5840]

"You will own nothing and be happy." Nobody is happy.

[@Spaceystace]

My Farners insurance doubled. I’ve never filed a claim. It doubled!!!!

[@divingduck9]

farmers has a rep for being the priciest, & having the highest paid salesforce too

[@austinpowers1999]

YOU WILL OWN NOTHING AND BE HAPPY. THE WEF

[@kimbermichelle3922]

Couldn't use my insurance for the storm IDA, agent told me he had no intention on paying for anything! Louisiana helps with nothing!!

[@johnbartholf777]

If your home is paid for, you don't need to buy insurance. It's nice to have, but it's not necessary.

[@bobroberts2371]

No home owners insurance exposes the owner to personal liability. Someone gets injured on your property and you will end up losing the house in a law suit.

[@johnbartholf777]

@@bobroberts2371 I bet liability insurance is a lot less expensive than full replacement coverage.

[@bobroberts2371]

@@johnbartholf777 said " I bet liability insurance is a lot less expensive than full replacement coverage. " I'm not so sure this can be had as a stand alone option. I do know that a person can buy personal umbrella insurance but this is typically for people that have major assets and is in addition to home owners insurance.

[@divingduck9]

@@bobroberts2371 or u just payout WHEN theres a problem, not before. very few claims cost as much as ur whole house

[@SB-tc2jr]

@@bobroberts2371 In this situation, I think I'd take my chances... (not many choices)

[@harlanjackson6112]

At 1:25 "Between property tax and property insurance, Brylski has been paying $2500 per month to stay in this home". According to Zillow, property tax on her home (3418 Coliseum st, New Orleans) is $10k/year, or $833/month, leaving $1667/month, or $20,000/year to insure a 3400 sf home. She owns it free and clear, so what stops her from self insuring? Which also begs the question, WHO is the state's Insurance commissioner and how did they get there?

[@dekaywill4572]

Well - you have Windstorm, Flood and Homeowners on a million dollar house, so yea $1667 is cheap.

[@harlanjackson6112]

@@dekaywill4572 If it were $1667 per year, I would agree. But holy crap, how can folks in New Orleans (where the average salary is $65k/year) afford to pay nearly half that salary (MORE than half of their take home pay) JUST for property tax and insurance, ignoring other costs like their mortgage, maintenance and upkeep, transportation, food, clothing, childcare, etc.

[@rissaheads6091]

When you don’t fight for the rights of others .. you lose yours in the process

[@jacquelineduplantier5563]

As a Louisiana native/resident, my home is 200 miles inland from New Orleans. However, I am “still” paying a special assessment to the state run Citizens’ Insurance for Hurricane Katrina (2005) and there has never been a claim filed on my home in 50 years. But my homeowners’ insurance has doubled in the past 6 years. Let that sink in. Our entire system (education, housing, political, healthcare, food distribution, transportation, etc) is in a free fall. “The chickens have certainly come home to roost.”

[@redriderbbgun8018]

Drop your insurance altogether then. Pocket the money yourself...lots of people do it.

[@ryanwalters6184]

It's like that everywhere in the south.

[@user-uo4rf4ez8c]

Ahhh.. socialism at it's best...

[@jacquelineduplantier5563]

@@redriderbbgun8018, I am still “on the fence” regarding self-insurance. But I have established a dollar threshold where self-insurance will be a viable option.

[@jacquelineduplantier5563]

@@user-uo4rf4ez8c, profits = capitalism. Losses = socialism.

[@charmainmorrison8615]

I was wondering how long it would take these insurance companies to leave Florida and now targeting New Orleans, it’s also a flood zone.

[@maxinef6654]

Too bad she didn’t list the house two years ago. House probably would have sold overnight.

[@earlhammond9810]

Why doesn't the woman, just go without insurance? She can do this, because she owns the property outright. The risk of going without insurance is less than the price that you have to pay to get insurance. Just put the money that you would spend on insurance in the bank. The banks and insurance companies have made paying insurance premiums a must have over the past century. Centuries before that most people didn't buy insurance. Looks like her house has been there for a long time and it hasn't been a total loss yet. Chances are that nothing will happen to her home again this year. Keep in mind that buying insurance means that you are betting you will have a loss this year, where as the insurer is betting that you will not have a loss this year.

[@Kim-427]

It’s also a tactic to get people out because they want their properties. Shame! Shame!

[@thepaladin8015]

Drop the insurance, stop being a tool. For insurance propaganda.

[@ultramagapatriot5874]

If it's paid for just drop the insurance and keep your home

[@Antony..24]

Yet you can't watch TV without it because full of insurance commercials!! Insurance is a scam!! Where does all my Auto, Home, Renters money go?

[@robertvose7310]

2500 per month in taxes ? Ouch and I have a home in CA! Her house is worth the same as mine...

[@you-in-yourfeelings7166]

Not taxes, her age makes her exempt, it's the insurance.

[@MsRotorwings]

@@you-in-yourfeelings7166yes, taxes and insurance. Her age makes it fixed, not exempt.

[@majorlagg9321]

@@you-in-yourfeelings7166 Okay. Who listened to the video? She's not exempted from taxes. They are frozen. Her taxes and insurance is what costs her $2500 a month.

[@dyates6380]

@@you-in-yourfeelings7166 Not exempt, but capped. I'm still sure it's expensive though. Lovely home so that's something the tax assessor loves about it. Best of luck to her.

[@safeandeffectivelol]

@@you-in-yourfeelings7166 Property taxes plus insurance is $2500/mo. Seems like her mortgage is paid off.

[@yellowbird5411]

She has 4 bedrooms and 2 baths. She could find a couple of retired folks to share the home or rent out a bedroom or two.

[@markbajek2541]

at that point she should sell and just move into a higher end apartment complex.

[@yellowbird5411]

@@markbajek2541 I think it depends on how attached she is to the property, and how able she would be to cover the bills if she were to rent some spaces. She may be more ready to sell now that she is alone there and it is a big responsibility in her senior years. So many just want a more manageable space, but it's hard letting go of your past and your extensive collection of belongings. It is hard work downsizing, and very difficult emotionally.

[@JaneTheDoe-id2vx]

she could, thats how my mother paid her mortgage but she had bad renters who would steal from us

[@itsnotme07]

Not just happening in Louisiana....Texas too! Considering selling my home due to the high insurance costs.

[@prettykitty5416]

But then what? Rent at these astronomical prices????? You better off keeping your home unless you plan on living in a tent or mini van.

[@itsnotme07]

@@prettykitty5416 LOL You're right, best to have a plan in place before doing what I'm considering. Or maybe I'll just get a job that pays more and stay here? Haha. Thanks!!

[@TheRachag]

It would be better for her to not hold insurance and pay that $2000 in a Separate bank account. Basically insure her self.

[@lulupiink6698]

Imagine if she had put that mo $2500 into a brokerage account & invested it into the S&P 500 or nvda stock years ago?! 💸💵 instead it went into the pocket of insurance co.

[@markbajek2541]

Yes and no , let's say she cancels her insurance and banks $2K for 6 months and a big event happens, a tree falls and takes out the upper floor and living room or a fire , that $12K isn't going to cover much..

[@ehjohn027]

I agree. She currently owns that land and if she had enough money saved up, she could rebuild. Compared to paying insurance for her home only to wait for their approval or denial if she had property damages. For now, maybe get roommates and save up her money. I feel sorry for her.

[@CarlCrazy19]

If you own it go without insurance

[@grumpyoldlady_rants]

This should be criminal! Owning and paying off your home are your hedge against inflation and can make for a comfortable old age. She shouldn’t have to sell because of greedy insurance companies.

[@wileecoyote5749]

Ok so sell house and pay rent that constantly goes up? Genius

[@nicolcacola]

Landlords couldn't rent a house at that same price. Personally, I'm saving 1,000 a month renting vs buying. "Genius" indeed.

[@nicolcacola]

@@James-to7pi No one with sense is buying in this market. If you assume my comment renting for life, perhaps you should learn to ask questions.

[@neilkurzman4907]

And how long would it take her to spend $800,000 in rent?

[@neilkurzman4907]

@@James-to7pi She’s not able to get a buyer at 1.1 million. So maybe she no longer has $1 million house. Historically housing prices have gone up and down.

[@imsk6729]

Have a friend that lives in a 4bed house and circumstances resulted in severe finacial struggle...she rented out 2 rooms to young professionals.... huge financial ease. .

[@Dakota-b1x]

OMG! It's a cute home. Perhaps she could turn it into a Bed & Breakfast! There's lots of history as can be scene in the photos taken by her late husband. Or rent out a couple of rooms! I'm praying for her!

[@Lulusvideos1]

What a beautiful, charming home.

[@lightdancer2251]

Our area had wild fires and the insurance companies canceled insurance on a bunch of people.. what the hell good did it do to pay in all those years and let insurance companies make trillions of dollars in profit only to let them bail out when people need them…It’s criminal.

[@bobbullethalf]

Just cost too much to own a home around these costal and tornado prone area. Plus you have to contend with floods. Florida, Louisiana and all these areas have gotten ridiculous.

[@norwegianblue2017]

If she really wanted to keep that house, she could easily rent out a room or two. It's 3400sf for one person. Must be lots of vacant bedrooms.

[@radolfkalis4041]

Yeah. I was thinking, that is a HUGE place for one person. A few renters would make her life financially easier, but take it from me, roommates can really SUCK.

[@SpotTheBorgCat]

But it's really hard to correctly judge people. And once they're in, it's harder than hell to get them out, if they don't 'fit'.

[@radolfkalis4041]

@@SpotTheBorgCat man you got that right. I have a friend of 20 years lost his apartment due to doubling of the rent, let him rent a spare room on my place. Slovenly pig. Never cleans anything. I gave him notice to leave. Even people you have known for decades, you really never know until you live with them. Ugh.

[@bigvalley4987]

Great ideal. She need to consider all prospects.

[@terrifiorelli9819]

I would sell at a reduced cost before moving anyone into my house. I have seen the nightmare of squatters and the homeowner has less rights. This government and legal system is corrupt and you will lose in court cost, so sell.

[@daralynx2]

With no mortgage, insurance is optional. Have options.

[@johnmaxwell4072]

Hi Cheron. Maybe consider self insuring if you own home outright? That’s what I did….first I just lowered the amount I was insured for, example: Instead of a $1.1M policy, raise the deductible, then get a “cap” say $350k. So no matter the amount of damage, max insurance payout is only $350k . Costs much less. Then take the savings difference and put into a self insured account. Do this for 10 years and then , after building up some reserves, drop coverage altogether, and increase payments to your own insurance account. Think, you’re paying $2500 a month? Where will you live in the city , in a proper home and location, that doesn’t cost that much, or more? Sure, a small condo maybe but even then , perpetual HOA payments along with special assessments can be pricey as well. Good luck.

[@ElizabethHarley-ld3iv]

great suggestion.

[@InquisitiveLu]

Per month?! Wow…this must change.

[@jennifer3551]

I wonder if she's considered renting out a room(s) or airbnb? Regardless, it would be very hard to leave such a beautiful house filled with memories. I hope she is able to find a new home where she'll be happy.

[@johnnyfive1412]

Why does 1 lady need a 3500 sq ft home? She should have sold long ago and moved into a newly built 2bd condo and enjoyed the remainder of her life.

[@daltonhanleyjr4142]

Then, she would have to deal with a shady HOA. Also, HOA fees and insurance have been escalating just as fast as this lady's insurance nationwide. Unless you live on some land in a rural area, there is no escaping this. This is happening in major metropolitan areas nationwide. The glut of natural disasters have forced these insurance companies to finally have to give up some of the money they have taken from property owners for years and they don't like the fact that the coffers are significantly lower than usual.

[@lulupiink6698]

Sharing walls w loud neighbors sounds lovely

[@daltonhanleyjr4142]

​@lulupiink6698 Yeah right!!!😅

[@johnnyfive1412]

@@lulupiink6698 --- Sound does not travel in newly built condos. Multiple layers of sheetrock on shared walls and concrete slabs between floors.

[@dianephillips6055]

Homeowners insurance keeps increasing every year even without any claims no matter what state you live in.

[@divingduck9]

car insurance too, and u hafta have car insurnce, whereas home insurance optional

[@eile4219]

home price also keep increasing. You can get it cheaper if you value your home at much lower price. For example, you agreed that your home only wroth 200k instead of 1m, then if anything happen, insurance will only pay 200k max.

[@connor_flanigan]

3400 square feet home for a single person? she can't afford the property because it's like something a factory owner would live in. Americans are insane when it comes to housing.

[@jeorgedavid3239]

Move out of new Orleans,it flood once before & it will do it again

[@DeoVindice85]

Let’s pray for more rain.

[@sallyjones7596]

Cost of Homeowners insurance doubled for me last year. This year, they require a 2% deductible instead of a one percent deductible.

[@nameblocked]

They all enjoyed seeing the values of their properties increasing incredibly. This is the result. Higher property values does not benefit the homeowner unless you're selling. You've all been played.

[@markbajek2541]

She got her property taxes to lock in and it was manageable for her, the doubling of Ins costs is what's breaking the camel's back in this case..

[@paxundpeace9970]

It does benefit you. Property taxes are trailing and limited in rise depending in location. In addition for seniors or homestead they are capped. I you own your home you don't need insurance.

[@starlinghaskins9459]

Dear, madam or sir.. You are wildly misinformed if you believe an increase in property values doesn't benefit the homeowner. Real estate is a HARD asset that increases one's net worth. A homeowner increases his or her net worth by holding onto that asset for an extended period of time until they want to cash in on that hard asset and sell. Either way, it is a positive for the homeowner, not a loss. I am baffled how many people don't understand the basics of assets, net worth and benefit of homeownership. EX: my uncle built a home for $277,000 dollars. He lived in his home for 20 years. We sold the house for $626,000 when he died. A large percentage of his $1,500,000 estate was from property value increasing over the years. Everyone's situation is different, but fortunately it worked out for my uncle and the family. $1,500,00 dollars will be passed down to multiple generations. Generational wealth.

[@ELEVOPR]

We need to abolished Taxes on our homes and land. It is unfair if a Child's parents die and they have an aunt or uncle that can move in and take care of them in their home owned by those dead parents but cannot afford to stay there simply because of Taxes. Taxes on our homes and land in America should be Abolished. If your 90 years old , paid of your home, and you have a small social security check, you are forced to sell your home because you cannot afford your Taxes, That is so unfair, the only safe place we have in this world is our Castle and it should not be take away from us over greedy government Taxes. No Tax on our homes, That should be our Next Goal. Other Island and Countries do it, They have no tax on your first home, but if you have a second home or your first home is rented and your not living it. it gets taxed. I cannot understand for the live of me, why the richest nation in the world is robbing its people and kicking them out of there home over taxes when many countries don't do that and countries that are worse off than ours and have been for many years. Insurance is another ball game. We need for all insurance companies to have at least half of the funds based on the homes they insure and not spend it. half of the funds for the life of the corporation and if Corporation closes, Government holds those funds till new insurance takes over.We cannot allow these insurance companies to spend insurance money on their lavish greedy lifestyle. We are getting Robbed In America.

[@brandilowe1916]

i am working class but once i pay my mortgage off next year. i am just going to go bare. skipping the homeowners insurance. take my chances.

[@justing6594]

If there's no mortgage. Drop the insurance. And put the money in a savings account.

[@nadineerickson-lo3gx]

Most people are going to lose their homes

[@cindifischer6919]

I wouldn't say most but I would sure say a lot. I know many where one or the other meaning husband and wife that are taking a second job. They have to just to make ends meet and it's still hard.

[@paxundpeace9970]

Some people. Homeownership is at record highs.

[@brendamallard7313]

Beautiful, Comfortable Home❤. Would be nice if she's Blessed to keep it 🙏🏾

[@MusicLover-ui9sm]

Don’t pay insurance if you own your home I don’t

[@TBCS3000]

She should not stay in that home. It is good for her to sell that home. Nothing is wrong with that

[@kenarthur6253]

Insurance used to be good while you pay and don't make any claims. Now you can't afford it no matter what. Disgusting

[@CascadeEarthNW]

If she owns the property outright then homeowners insurance is optional. She can self insure, instead of paying a premium, put the money in an investment fund. When disaster strikes, use the money you’ve saved.

[@smoochdawg4547]

Drop the homeowner insurance..save it. Rent out some rooms!

[@joefroelich4934]

They wanted $2500a month. She should cancel her insurance and put $1000 or what ever she can afford into an emergency account to be used for home repairs. Kind of like self insurance.

[@leftfinned]

don’t move to the beach the insurance is crippling

[@bmatt64]

Maybe Insurance companies can stop advertising. Redirect a little money to claims. Layoff people, cut top earning salaries.

[@divingduck9]

ppl r paying 200k for 600sf apt/condos on that street... i'd stay in the nice house & tell the insurance companies to buzz off

[@DRventura333]

73% of homeowners are over 55. A good percentage of those over 65 have paid off their homes. However, of recent years, many of these are losing their only homes due to overvaluation of their homes, along with other increases thus very high Property tax jump. These are people who are middle class and close to middle class. Majority are only on Social Security and Pension, and do not qualify for Property Tax Relief. 1) Property Taxes, HOA Fees, Condo Fees, Overpriced homes, are making hard working taxpayers lose their only property (Home, Condo). How can it be legal to suddenly raise Condo fees and HOA fees by 40+%. 2) How can these crooked tax assessors be allowed to overvalue someone's only home by hundreds of thousands of dollars, when they are not investors and those homes are their only child hood homes. Many areas are becoming like Detroit and Mississippi - desolate and empty as the working voting taxpayer is continuously fleeced. The vile municipality tax assessors are getting multi-year promotions using Tax Payer dollars because these tax assessors ARE Overvaluing people's properties to bring in money to the municipalities. They don't care that people end up homeless (many veterans and elderly affected) or their home comes into foreclosure because they had to borrow against equity and credit cards to try and pay their property taxes or HOA or Condo fees. Where are all the State representatives to put a stop to this madness?

[@susansmith493]

How does she vote?

[@greggreg2263]

I like the fact in New Orleans that when your a senior citizen, they freeze your property taxes for they don’t just keep going up❤

[@english7451]

Same in Chicago tax freeze for seniors

[@SixOhFive]

This lady doesn’t look or act old; I bet her kids or somebody in her life wants the money from the home so they have conned her into believing this.

[@angelasoWA]

I wonder if this lady considered having 1 good roommate to help with the expenses.

[@fueledbymusic3]

And then we get people who BRAG about being paid off on their house... NOT SO MUCH ANYMORE, hah braggers?? You can NEVER own your home

[@danielparrish5438]

if the house is paid off then just don't renew the insurance and hope nothing happens to the house ........

[@Dragonfly657]

Beautiful Home soaring insurance will put you homeless how disgusting is that! If her house is paid off she doesn’t need insurance! Shop around !

[@kelly9441]

I'm facing the same problem. My home isn't big or beautiful but it keeps going up. And, I'm not sure why the state is charging me a fee when I have private insurance.

[@mike-uw6wt]

The house is priced too high if she only got 1 looker.

[@wendysteinberg2595]

My home is one tenth that size. Maybe that helps when you are retired. Go small.

[@you-in-yourfeelings7166]

Same here, I been thinking of doing the same.

[@lindaknox6623]

I'm so, so happy I never bought a home after an ugly divorce in 1997, choosing instead a modest, but nice, one bedroom apartment. After all I went through, I knew I wasn't psychologically able to deal with the stress of homeownership and everything that goes along with it. I've never regretted my decision.

[@EternalRocks]

You will own nothing and be happy!

[@lavadasmith3439]

I wonder if she has kids🤔. Maybe pass it to the children and they can split the insurance bill.

[@mark11967AD]

I saw somewhere that 20% of home owners in Florida have dropped their home owners insurance. You’re gonna see a lot more homeowners doing what they can to buy their home outright so that they can dump their home owners insurance and simply be left with rapidly rising property taxes. I’m seriously considering taking a good chunk of my retirement money out of my Roth and doing just that.

[@pwu8194]

Insurance companies are screwing everyone. Even in hurricane-proof, tornado-proof McAllen, Texas, my insurance premium went up 28%. It's greed.

[@davidcarp5935]

F it, keep your home and drop the insurance, go commando. Well only if it's paid off I guess. Always some rule like bank has to have house insured Yada Yada to keep everyone down and controlled

[@vivalaleta]

The house is gorgeous.

[@jeanwonnacott2718]

I am in California. The first bill I have to drop will be homeowners insurance....you folks have my sympathy....

[@MCC876]

Pay off your mortgage and homeowners insurance is no longer required. It’s the lender that requires insurance to protect their investment.

[@ohsuzanna3223]

Same here on the coast of Texas.

[@drones7838]

23% is certainly not the highest in the country as an insurance agent in California. My clients would give up a kidney for only 23% try 280% is more realistic in the foothills of California.

[@betrevryday1]

How about our Government helps out with this problem to many other people . This should be a priority they’ve paid taxes for decades 😢