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Skyrocketing Insurance Costs, The End of Free Money
Description
Sharply higher insurance premiums are affecting property owners nationwide. It's especially bad in: CA, LA, FL, TX and CO.
This is due to erratic weather (climate) and higher rebuilding costs.
Phenomena like an increasing intensity and frequency of hurricanes, tornadoes, wildfires, and floods are sending some insurers out of business.
State Farm and AllState completely stopped issuing new homeowner policies in California.
Some areas are on the brink of becoming completely UNinsurable. In that case, the only sales that could occur with all cash buyers.
Learn three techniques to keep your skyrocketing insurance costs lower.
As you'll learn today, landlords have more options than homeowners for navigating spiking insurance rates.
Then, listen to a CNBC clip along with me about how the end of ZIRP (zero interest rate policy) affects your life and investments.
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Show Notes:
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Complete episode transcript:
Welcome to GRE! I'm your host, Keith Weinhold. First, I'm going to help you make your real estate more profitable in the near term as I discuss how to deal with skyrocketing property insurance costs.
Later, I'll inform your strategy about your long-term, overall personal finance as we talk about what the end of free money means in this new era of higher interest rates. Today, on Get Rich Education.
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Welcome to GRE! From Tirana, Albania to Albany, New York and across 188 nations worldwide, I'm Keith Weinhold and you're listening to Get Rich Education.
This is how real wealth is built in the real world with real estate. We aren't day traders. We are DECADE traders.
And we do that with the right mission. Let's invest directly in America - own real property in American neighborhoods, and provide housing that's clean, safe, affordable and functional.
And when we all do that, we can abolish the term "slumlord".
Conversely, what do some people think about first? Themsel