the house screams JOY, YOU LITTLE ACHIEVERS. FEEL JOY. STUDY! ACHIEVE!

www.zillow.com/homedetails/...?

dammit

I get that, and the state’s last resort policies are very expensive. But I can’t imagine putting $millions at risk by not using $thousands to protect it

For sf? Even if so, SF is still inside the United States so the überdoomloop is kicking in

“No insurance,” you say?

Huh.
Sounds like somebody messed up

there's not a lot to it - the numbers work themselves out. Forcing insurers to cover unbounded risk at premiums that aren't risk-rated will fail in time.

Otoh the moratorium is brief. Housing nationwide will be impacted if premiums are fully risk-rated (which is never entirely true for insurance)