What's wrong with CA condos & rentals?

[Fernando]

https://www.sfchronicle.com/california/article/insurance-liberty-mutual-condos-19987101.php

California’s fourth-largest home insurer to drop all condo, rental policies​

Liberty Mutual, California’s fourth-largest home insurer, is planning to exit the state’s condo and rental insurance markets in 2026.
On the eve of a slate of reforms meant to incentivize insurance companies to write more policies in California, Liberty Mutual has told state regulators it will stop offering new condo and renter policies in 2025. Existing customers will begin losing coverage in 2026, according to filings with the California Department of Insurance.

 

[Charles West]

https://www.sfchronicle.com/california/article/insurance-liberty-mutual-condos-19987101.php

California’s fourth-largest home insurer to drop all condo, rental policies​

Liberty Mutual, California’s fourth-largest home insurer, will exit the state’s condo and rental insurance markets in 2026.
On the eve of a slate of reforms meant to incentivize insurance companies to write more policies in California, Liberty Mutual has told state regulators it will stop offering new condo and renter policies in 2025. Existing customers will begin losing coverage in 2026, according to filings with the California Department of Insurance.

Dem command and control policies don't appear to be working. I wonder why not being able to obtain insurance as required by a mortgagor is a desirable goal. Perhaps our self-described, brilliant, shiny object of a governor could weigh in on the subject after his hair gel sets, of course.

 

[Dublin ohio]

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What's wrong with CA condos and rentals?

Simple answer is they are in California

 

[Fernando]

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What's wrong with CA condos and rentals?

Simple answer is they are in California

That's redlining.

 

[Surf Cat]

https://www.fastcompany.com/91248089/housing-market-landlords-raising-rents-2025

 

[Fernando]

https://www.fastcompany.com/91248089/housing-market-landlords-raising-rents-2025

For my duplex, I mentioned I will raise the rents.
One tenant had no problem. The other tenant was more hostile and refused to pay more than $10. I understand her husband died during Covid and she's a single mom and having hard time paying the bills. She's on my radar.

 

[Terrel L. Shields]

That's redlining.

I think we call it bluelining now.

 

[Tom D]

One tenant had no problem. The other tenant was more hostile and refused to pay more than $10. I understand her husband died during Covid and she's a single mom and having hard time paying the bills. She's on my radar.

Yea, that's gonna end up being a real problem if you raise the rent. At least she said $10. A long staying, don't destroy my unit. is worth saving even with a lower rent. Just keep raising it a little bit year, it adds up. When i had a lot of real estate i would say, if i don't have 2 headaches a day it's a day off.