♬ 
Day 22 cont 
“Nearly half of all #renters sit in the bottom 40% of income levels, compared with just one-fifth of first home buyers.
“If you’re in the bottom two #quintiles of income, you’re probably not really going to have enough #income to be servicing a #mortgage, whichever way you go,” Phillips says.
“There’s not a lot that we’ve seen in the election #campaign to really help those people, and they’re the people who really are #struggling.”
That leaves nearly half the renting population, or four million #Australians, beyond the reach of homebuyer help even before the new #policies arrive.”
If you don’t own or cannot afford a home, Australian politicians are not interested in you.
#AusPol / #LNP / #Liberal / #Labor / #Nationals <https://www.theguardian.com/australia-news/2025/apr/20/who-actually-benefits-from-the-coalition-and-labors-housing-policies>
![The Un-insurability Crisis Is Upon Us – 3 Possible Scenarios for What’s Next
Andrew Hoffman, Rupert Read, originally published by Resilience.org, April 15, 2025
Insurers should, through their disclosure and lobbying power, play a key role in achieving a safer and more resilient world. Through disclosure, they can share their vast knowledge about the financial risks of a climate changed world. Through lobbying, they can advocate for a suite of laws and policies that make the world more insurable in the face of the ever-mounting risks.
The insurance sector is dealing with the realities of a climate-changed world with higher payouts from more extreme weather events & more assets in harm’s way by raising premiums & reducing coverage to manage losses. As this continues, with an increasing number of regions becoming ‘ uninsurable‘, Fed Reserve Chair Jerome Powell has warned that insurance companies pull out “of coastal areas [and] areas where there are a lot of fires” the loss of available ins means that “there are going to be regions of the country where you can’t get a mortgage” in “10 or 15 years.” This would be devastating to individual homeowners & the economy at large as property values drop & governments take in less tax revenue for schools, police & other basic services. Günther Thallinger, Chair of the Investment Board of multi-national insurance company Allianz SE warns that this represents “a systemic risk that threatens the very foundation of the financial sector.”](https://cdn.masto.host/urbanistssocial/media_attachments/files/114/342/217/093/709/019/original/c178f9ab45ab9ab7.png "The Un-insurability Crisis Is Upon Us – 3 Possible Scenarios for What’s Next
Andrew Hoffman, Rupert Read, originally published by Resilience.org, April 15, 2025
Insurers should, through their disclosure and lobbying power, play a key role in achieving a safer and more resilient world. Through disclosure, they can share their vast knowledge about the financial risks of a climate changed world. Through lobbying, they can advocate for a suite of laws and policies that make the world more insurable in the face of the ever-mounting risks.
The insurance sector is dealing with the realities of a climate-changed world with higher payouts from more extreme weather events & more assets in harm’s way by raising premiums & reducing coverage to manage losses. As this continues, with an increasing number of regions becoming ‘ uninsurable‘, Fed Reserve Chair Jerome Powell has warned that insurance companies pull out “of coastal areas [and] areas where there are a lot of fires” the loss of available ins means that “there are going to be regions of the country where you can’t get a mortgage” in “10 or 15 years.” This would be devastating to individual homeowners & the economy at large as property values drop & governments take in less tax revenue for schools, police & other basic services. Günther Thallinger, Chair of the Investment Board of multi-national insurance company Allianz SE warns that this represents “a systemic risk that threatens the very foundation of the financial sector.”")
