This is predicated on the event being classified as a "disaster" which is subject to optics/politics. Not reliable IMO.

I most cases it's the industry that takes the hit as insurance companies are subject to very strict reserve and fiduciary requirements, so if an insurer starts to fail in a state, the state will take...

Welcome to state regulation. Some states mandate pricing only use historical and not projected data. Getting rate approved for the US involves fed+50 states separately, all with varying rules. It's...

You're just describing sales.

I was mostly referring to the dumbasses out west building in wildfire zones or some of the newer developments in seasonal swamps.

There's this thing called climate change making yearly risk escalate. Being there for 50 years doesn't mean it can't get wiped out next year.
Geico cut by nearly 500 mil, marketing budgets are the...

I mean, exec comp is out of control everywhere but most took 20-30% paycuts last year as those are prior ones. As far as layoffs - yep, why I said it was grim, lost some friends in the last one and...

Old fucks and not understanding complex problems, name a more timeless combo. Right, I'm sure it's the marketing spend everyone already pulled back on. Sure.

Turns out inflation of construction labor, car prices and materials impact price of products that use those, weird.
As someone that works in insurance, pretty grim outlook given many states won't...

Because it's easier to shrink than to go through CA rate processes. Any increase over 7% can be forced to a trial to justify it by any party, even if the department of insurance doesn't agree. This...

Yeah, ours walked us through everything they were doing and why, as well as which things we should continue to check vs. are fine as a one time. Only time he warned us off was climbing into the attic...

Capitalism is a motherfucker when people build to what's demanded. His best route is to get actual residents running the town and prioritizing community things. Or tax the shit out of 2nd homes to...

If they are anticipating your needs, listening to you and being very proactive on what you should be thinking about while having a ton of unpublished knowledge on the neighborhood and relative...

Totally agree. The good agents are really, really good, while the rest are meh to terrible. Not to mention all the collusion and shady stuff that goes on in giving sweetheart deals to friends/family...

I mean, growth has always been restricted when it impacts the "wrong" people. Not like anyone's touched places like pac heights or old money havens. NIMBYism is a longstanding thing, just fewer...

Much like cedar rapids?

You cannot have a "functional community" and full open market. Nor does the "spoils" system of Aspen etc. where you get a winning lottery ticket when they build more housing (never to be evicted)...

Yeah, WFH has opened up sustainable jobs to a ton of people that were trapped in the service industry cycle or other such things in small communities. Plenty of those service jobs sucked and payed...

Yeah, Midwest is fine for most. I'm too much of an opinionated new englander to last in the land of "midwest nice", but I've enjoyed my many random trips to Iowa and Nebraska. Shitty is Ohio, which...

Gotta love the "I work with my hands" superiority complex that assumes none of us have other skillsets. WFH is here to stay, but as others have mentioned, making Silicon Valley pay not in SV is...

Yep. My dad recently moved over to seacoast NH (still north of the bridge, but those environs) and it saved his life when he had a heart issue. They were able to get him in and do a stent in a day or...

Hey man, it's your industry organizations keeping the bar low, not us. Like I said, I've met some stellar realtors that know their shit and have excellent sense in how to get a house sold at the...

Lol, in my local area where I serve on the planning board, half our angry constituents are people that had their realtor lie and/or be completely misinformed then get mad at us for enforcing the...

If it ends up in fed supreme court, they'll likely just punt to local laws, as federal land is almost entirely for the feds purpose and they have zero interest in maintaining things for homeowners....

Yep, plus many small towns leaders/councils are filled with cowards that don't want to upset their neighbors.
It's funny because I had a builder posit a position on some bullshit wetland building...

None of the buyers agents my wife and I have ever used have been useful at all. My first one actively fucked me over in terms of being asleep at the wheel on some stuff. I know of some now, but would...

Yep, I feel similar. Price regression in slow steps unless there's meaningful rate changes. I know in NH a lot of mountain properties are cutting prices back to semi sane levels. I want to say we...

Why should good customers that don't waste people's time pay for the shitbirds? Let the shitbirds eat the cost.

I think it also depends on the experience. We've done the lion's share of the work for most of our buys and just needed a realtor to get the keys/schedule the showing as lots of selling realtors...

While I imagine some people will take a bath on this stuff, it's likely not even a fraction as large as the last time. That said, hopefully the crashing returns on stuff like that will make people...

Nah, more like small equity groups. I'd imagine there's a few that popped up expressly for this type of buy, as I imagine there's plenty of additional points to be made that can then be packaged up...

A lot of people are going private markets to get financing (at least the people I know in the game), so at least some were definitely using projections.

It's also construction/rebuild costs are through the roof.

Yeah, there's a ton of qualifed buyers, demand and not much inventory so the most we'll see is specific market corrections IMO. Some over leveraged people will get fucked, most will be fine.

Anyone that's served on a town or city council likely recognizes the disparity, it's just hard to fight the will of NIMBYS when no YIMBYS show up as most people just don't want their neighbors pissed...

That's good to know. All the APCHA discussion here has been on the ownership units. Good to hear they have at least some stock of rentals.

As far as not building enough - The giant fucking hole...

It's true, but in a resort town that needs a certain population of lower incomes, preferably from younger people on their way up, periodically releasing stock to a random selection is not a solution...

To Foggys point many pages ago, the Aspen model picks winners rather than have a sustainable model with regular availability for working folks.
Periodic winning lottery ticket distribution is not...

Eh, it's often simpler than that. "When I moved here it was like X. I like X, I don't want it to by Y. You say people can't afford things, so they need to be Y, but I just want the town to stay the...

I'm fine with STRs existing as it's the easiest logistically with kids+dogs in areas with shitty food options (read: mountain towns) so I can make my own.
That said, I think they should be regulated...

A real estate developer behave like a spoiled child? Shocking. Oh wait, not shocking at all.

Yeah, honestly most remote problems are just lazy management. It takes longer, but the talent pool is bonkers compared to local. I went from 20-30 resumes to 600+

I mean, she's an ex-ibanker, of course she's horny for the office. Can't illegally collude on things via recorded mediums.

Because at least from what I've seen, affordable units generally have more standards than just a market unit (as you have to meet certain regs to get the grants/code etc.) and because fucking NIMBYs...

Any developers out there clamoring to pay extra for expediting? No? Any signing up for a risk-sharing group that covers when shit goes sideways like that housing development that had a house slide...

It's usually less that and more "we're no longer going to hold your hand through the process as you've been through it many times and you talk shit to our people every time. "
Either that or he's...

Yep. I'd also be curious on his prior history with planning as often you find out these folks are the same that break any number of rules or aren't helpful/collaborative at all.
There's some...

This is fairly bullshit, honestly.
Technology is often pretty cheap, though things like cell phone bills have outstripped prior costs (though a $60 bill today is roughly $20 in 1980s dollars). Also...

You gotta be high if you want to pin zoning reg shit on liberals. Go to any rich conservative community and try to color outside the lines and see how far it gets you. NIMBYS aren't unique to any...

I think regulating total amount in town lets the mix self-correct, as if making an ADU a STR while the main property converts to LTR is probably a net good.