Poorest US workers hit hardest by slowing wage growth

Re:Poorest US workers hit hardest by slowing wage growth by bko on Monday August 04, 2025 @09:28AM (#44785509)

Not if you own your trailer without a mortgage. If you have a mortgage you're pretty much required to have insurance. Not getting insurance doesn't make this cheaper really as you'll just lose your property completely every few years. Besides insurance rates are often highly subsidized by federal government and actually a really good bargain

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Re:Poorest US workers hit hardest by slowing wage growth by n4r9 on Monday August 04, 2025 @10:08AM (#44785992)

> Not getting insurance doesn't make this cheaper really as you'll just lose your property completely every few years

It sounds a bit like the "Boots theory" of Discworld [0].

> insurance rates are often highly subsidized by federal government and actually a really good bargain

This feels a bit inconsistent with your previous comment about living in Tornado Alley being "not exactly a bargain".

What do you think about studies like this [1] which find a correlation between economic disparity and tornado risk?

[0] https://en.wikipedia.org/wiki/Boots_theory

[1] https://www.sciencedirect.com/science/article/abs/pii/S01660...

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Re:Poorest US workers hit hardest by slowing wage growth by SauciestGNU on Monday August 04, 2025 @05:40PM (#44791667)

I've also heard anecdotes of people draining all their savings/retirement accounts to buy property in uninsurable areas of Florida because they can't get a mortgage. I don't see that working out well long term.

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