• pwnicholson
    link
    08 months ago

    The only people doing this are loaded with enough cash or assets to not have to take out a mortgage. They’ll be fine.

    You can’t get a new mortgage without insurance

    • Bo7a
      link
      fedilink
      48 months ago

      Don’t forget us folks who built their little house themselves and can’t find/afford insurance.

      For me it was ‘this house is too small to qualify under normal terms, you will have to pay ridiculous premiums’

      420sqft isn’t exactly a shed. But these companies are stuck in a different era.

      • pwnicholson
        link
        38 months ago

        Interesting. I didn’t know there would be minimums like that.

    • @[email protected]OPM
      link
      fedilink
      38 months ago

      Also: people who are approaching retirement and actually paid off their house over the course of a lifetime.