For two years, everyone's been watching interest rates. But there's a quieter number shaping home deals right now and many people aren't talking about it.
In this episode, Mikey breaks down how home insurance went from a simple line item to a major factor in what can impact what you can actually afford. You'll learn why California got so expensive (it's not just the fires), how a 1988 law helped set this in motion, and the moves to consider that may help protect you before you remove a contingency.
What we cover:
Why insurance can be as high as ~9% of a typical housing payment — a record high
The 1988 law that may have reshaped the market
Why your roof's age matters
What happened when 7 of 12 big insurers pulled back
The 3 moves to consider before you fall in love with a house
If you're buying in California or anywhere premiums are climbing, this one's worth your time.
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