Tim Sheehy

I mean, this could be a crisis in homeownership which is, as you know, for the last four generations, has been the main vehicle for American wealth creation. The vast majority of Americans' wealth is in their home. That's where we put our nest egg. That's where we generate long-term wealth. We make a salary. We have a 401k. But really, most of us, our eggs are in our home.

I mean, this could be a crisis in homeownership which is, as you know, for the last four generations, has been the main vehicle for American wealth creation. The vast majority of Americans' wealth is in their home. That's where we put our nest egg. That's where we generate long-term wealth. We make a salary. We have a 401k. But really, most of us, our eggs are in our home.

And we're betting on that's going to appreciate over our lifetime. And that will be the foundation of my net worth.

And we're betting on that's going to appreciate over our lifetime. And that will be the foundation of my net worth.

And we're betting on that's going to appreciate over our lifetime. And that will be the foundation of my net worth.

And they're interlinked because they all feed back to the same reinsurance pool. These aren't segregated pools. For the most part, they're all coming back to the same reinsurance underwriters. So they're all exposed to the same risk. And we are approaching a crisis point where – almost 08-style real estate crisis because a third of America lives in wildfire-prone areas.

And they're interlinked because they all feed back to the same reinsurance pool. These aren't segregated pools. For the most part, they're all coming back to the same reinsurance underwriters. So they're all exposed to the same risk. And we are approaching a crisis point where – almost 08-style real estate crisis because a third of America lives in wildfire-prone areas.

And they're interlinked because they all feed back to the same reinsurance pool. These aren't segregated pools. For the most part, they're all coming back to the same reinsurance underwriters. So they're all exposed to the same risk. And we are approaching a crisis point where – almost 08-style real estate crisis because a third of America lives in wildfire-prone areas.

And a lot of Americans live in hurricane-prone southeast. But think about wildfires, far bigger impact than the southeast hurricanes. And not to belittle it all, but a lot more people live west of the Mississippi than live in that kind of Gulf corner.

And a lot of Americans live in hurricane-prone southeast. But think about wildfires, far bigger impact than the southeast hurricanes. And not to belittle it all, but a lot more people live west of the Mississippi than live in that kind of Gulf corner.

And a lot of Americans live in hurricane-prone southeast. But think about wildfires, far bigger impact than the southeast hurricanes. And not to belittle it all, but a lot more people live west of the Mississippi than live in that kind of Gulf corner.

That's just a short trend line.

That's just a short trend line.

That's just a short trend line.

And if you already own a house, maybe you can keep your mortgage, but you almost can never get a new mortgage if you can't get insurance. They require it. Yeah. So if you're trying to buy a home and you can't get in hurricane or fire coverage, you may not be able to buy a home.

And if you already own a house, maybe you can keep your mortgage, but you almost can never get a new mortgage if you can't get insurance. They require it. Yeah. So if you're trying to buy a home and you can't get in hurricane or fire coverage, you may not be able to buy a home.

And if you already own a house, maybe you can keep your mortgage, but you almost can never get a new mortgage if you can't get insurance. They require it. Yeah. So if you're trying to buy a home and you can't get in hurricane or fire coverage, you may not be able to buy a home.

They caught that one guy with the blowtorch who was biking off, going behind the house with a blowtorch. I have no doubt some of these, again, there's multiple fires, were definitely... Human starter, no question. I guess the point is, I don't know if they're coordinated.

They caught that one guy with the blowtorch who was biking off, going behind the house with a blowtorch. I have no doubt some of these, again, there's multiple fires, were definitely... Human starter, no question. I guess the point is, I don't know if they're coordinated.

They caught that one guy with the blowtorch who was biking off, going behind the house with a blowtorch. I have no doubt some of these, again, there's multiple fires, were definitely... Human starter, no question. I guess the point is, I don't know if they're coordinated.