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Shouldn't they have seen this coming when insurance premiums, rent, etc started shooting up? It's not just healthcare either. Used to be that you could winter
by monster_truck 1y ago
Shouldn't they have seen this coming when insurance premiums, rent, etc started shooting up? It's not just healthcare either.
Used to be that you could winter paid off 'fun' cars at nice (live security, climate controlled, fire suppression, low risk zip code) storage units for the steep discount on the auto insurance.
Where I'm at, the cost of units like this are up by >20%. The introductory rates at new places are minor and only good for 1-3 months. The insurance discount (which was previously as much as -35%) is gone because of the risk from increased tenant churn at the storage places, and the insurance is up almost another 20% anyways.
- colechristensen 1y agoEvery major market crash (except covid) was more or less the result of circumstances which should have been easy to see coming. The pattern of bailing out all but the absolute worst in these crashes means that the people taking the risk don't really care about the risk because a backup is expected as long as you're not the most irresponsible. You don't have to be faster than a bear to outrun the consequences, just faster than the scapegoat.