Oddbean

Max Keiser has been going off lately on the Climate shit. Really pissing me off tbh. Then I thought about it. He’s talking about the financial impacts of the whole thing. Insurance companies are signaling significant increases in their policies for 2024/2025. This will continue to crush the housing market that is already crushed. Inflation anyone?? What a way to take full advantage of it. How would you deal with a 300% or more increase in a home policy? Better think about it. Renting doesn’t fix this. Moving might depending on the country & allowable policies. 🧐

Change insurance to a personal policy. Identify risks and prepare. Be you own insurance. My risk area is flooding, fire and trees falling. Trees always pruned back end of dry season. House built raised 1.5m instead of more common 0.5-1m that people do here. For fires, we are not very high risk but still bought 1.5hp gasoline pump. I can drain my pool in minutes. As to against any losses if your insurance fails, that’s called a crypto steel!

Yeah I went the other route. Spent nothing, simple life. Work, basic diet, excercise and save everything. Bought first house mortgage free. Took a long time and house was small. Development generally used for second homes. Staged up from there and kept mortgage free. Guess I missed important detail for most as not something in my world. And all these insurance companies have multiple product lines and all backed by reinsurance? So millions die from dodgy injections, millions disabled, lots of people claiming on home insurance after building in stoopid places like flood plains and then all this extra cost gets put on home insurance premiums? Peak FIAT fuckery 🤮

You……..are a smart man. I am too though. Lived well below my means; well. Have kept the mortgage because 2.76% is like printing money. Paying it off would cost me as I use the $$ to buy BTC. Zero car payments ever. Zero credit card debt ever. Etc etc. Oh well, they want to save the banks & will at the cost of everyone.

Yeah often wondered if playing that game is a little smarter but if happy with what I have, all good. But definitely 👍on credit and car debt. That’s financial suicide for many. Paid credit cards off for two friends and they cut the cards up in front of me. They paid back in no time. Could not believe it was just the interest killing them. Lessons best when hard I suppose.

Hero’s don’t always wear capes. Especially if talking about Batman, who is no superhero. Just a dude. With fiat money. And boredom. Who took one karate class & thinks he’s special. He ain’t.