Ep. 146 - Is Homeowners Insurance the Silent Killer of the Housing Market?

In this episode, Quinton exposes the factors holding back housing inventory in the U.S. market. He explores the lock-in effect, where homeowners are reluctant to move due to their comfortable mortgage payments and low interest rates, and the impact of soaring homeowners insurance premiums, particularly in Florida. Quinton shares his personal experience with insurance rate hikes and offers insights on how these issues are affecting the move-up buyer market and overall housing inventory.

[00:00 - 00:18] - Introduction

[00:19 - 01:41] - The Lock-in Effect

[01:42 - 03:58] - The Insurance Issue

[03:59 - 05:34] - Florida's Insurance Troubles

[05:35 - 07:53] - Personal Experience

[07:54 - 10:50] - Hidden Pain Points

[10:51 - 12:43] - Fixed Costs Becoming Variable

[12:44 - 15:40] - Potential Solutions

Key Quote:

"The move-up homeowner has disappeared from the market right now" - Quinton Harris

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