AND SUSTAINABILITY DESIGN
University of Pennsylvania Wharton Real Estate Professor Benjamin Keys has been studying this for more than a decade.
Keys said when buyers are calculating
their monthly payment, they must look at what insurance will cost a decade from
the time of purchase.
In the past several years, rates have
skyrocketed much more than the rate of inflation.
Part of that is because in the past
year, there have been 27 disasters that did more than $1 billion in damage, so
the insurance industry is reacting to those losses.
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