Edmond Dantes on Nostr: You talk a lot about rent seeking. Most insurance today qualifies as a rent seeking ...

You talk a lot about rent seeking. Most insurance today qualifies as a rent seeking rug pull. Homeowners insurance will go up 10% per year on average even if you have 20 years without a single claim. It is NOT underwritten in the sense people think it is: an actuarial fraud. There is a reason most of the high rises are owned by banks and insurance companies. I decided to avoid the home ownership insurance scam 10 years ago and the money saved really adds up. Of course, you also have to escape the mortgage banksters to be able to do this . . . lie in bed with dogs (mortgage banks) and you're going to have to get fleas (ripped off by insurance). Not living in a fire/hurricane prone area helps.