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Not only do you pay property tax and a host of other fees, you have to pay homeowners insurance (which usually covers nothing) on top of that. Worst part, is the bank originating the loan (read making money out of nothing) is the one usually offering the insurance, creating a massive conflict of interest

Not only do you pay property tax and a host of other fees, you have to pay homeowners insurance (which usually covers nothing) on top of that. Worst part, is the bank originating the loan (read making money out of nothing) is the one usually offering the insurance, creating a massive conflict of interest

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Obviously, for the few who opt not to have house insurance, and see their house burn down or get destroyed in a storm, it was a bad decision not to go with the insurance. For the vast majority who never have a major problem with their houses, not paying for house insurance is a good decision.

I own a house, and I am not paying house insurance. Why? My insurance company raised its yearly rate by about 40% in 2000, and then raised it another 25% or so in 2001. I said "Fuck you!" and dropped the insurance. If I have a house fire that completely burns the house down in the next ten years, it will have been a bad decision. On the other hand, over a period of ten years I will be saving around 25,000 dollars. If my house doesn't burn down (which is likely) it will have been a smart decision.

Modern society is Jew-suranced to death. Take a walk on the wild side, live a little. Take a chance. That's what I'm doing.