Don Logan

@biancoresearch Housing affordability for the few, the proud, the socialists who don’t own homes means lower housing prices for existing homeowners.

Student loans (yellow) are a problem (getting worthless degrees). But the overwhelming problem is mortgage debt (green). There is way too much of it. The fix is lower home prices. The problem is, every time I bring this up, many of the 86 million homeowners get upset.

Item 5, "Insurance is Critical", is fairly nuanced. Having dwelling and personal property insurance limits that are too low is, as you point out, a serious issue. Equally important is getting insurance from an insurance company willing and able to pay dwelling and personal property limits to policyholders. Chubb and Lloyds have historically had a reputation for selling costly insurance that pays off in a time of need. Others, such as *tate *arm, have a reputation for selling inexpensive insurance that does not pay off in a time of need. One can buy the Rolls Royce of insurance or the Chevy Malibu of insurance. Policyholders buying the Chevy Malibu of insurance will find themself stuck in an SNL skit in which a clownish John McLaughlin asks his panelists "what number am I thinking of?". Whatever the number is it is not the policyholder's insurance limit. youtube.com/watch?v=QOLF_D…

I'm on a mission to help others improve their outcome in both unnatural disasters (failures of government or systems) and natural disasters. Please know, both are a reality in 2025, for all of us. 1) Digital Storage - Anything that you love that can be stored digitally on the cloud, do it. Family videos, photos, audio recordings, children's drawings, high-res images of physical things that you otherwise can't replace with money. Scan and digitize. A good scanner costs $200. 2 terabytes on Apple's cloud costs $9.99 / month. 2) Diversify Your Spaces - Even with excellent insurance, diversify your spaces. (A) Place some valuable or emotionally irreplaceable things in bank safety deposit boxes that are contained in proper vaults. In our situation, Chase bank burned down. The vault itself was a 24'' thick fortress. We assumed everything within turned to ash. It didn't. Our other bank did not burn down. Trust me, your crypto passwords are WAY safer in a bank vault then in your 4'' thick safe. Our safe turned into an oven. A safety deposit box can cost $25 - $150 annually. (B) Consider off-site, monitored storage unit. Safety is a premium concern here. You want pass-card access, where the storage units are in a 24/7 monitored building if possible. 3) "Fireproof" Safes are Ovens - Please remember this. Our safe was 400lbs and several inches thick. The good news is that the jewelry inside kept it's form and saved with multiple weeks of treatment post-fire. All paperwork, plastic, photos, passwords, identification was toast. Photo attached. Your safe is ONLY good for theft. It is most certainly NOT fireproof. 4) Know Your Plan - Do not blindly trust your government to provide working hydrants, a reservoir with water, working firetrucks, brush cut back after dry season, or to have a preemptive plan with trucks or fire-lookouts on the windiest day in decades - even if your city has had a standing protocol for its entire history. Your city probably will have all of these things. But, they also might not. What I'm saying is... your instincts also matter. Have a PLAN. What are the 10 things you must take from your home if you have 30 minutes? If you have 15 minutes? If you have 5 minutes? Yourself. Your children. Your pets. Your stuff. KNOW YOUR PLAN. 5) Insurance is Critical - (A) Dwelling should be as close to replacement value as possible. How much does it cost you to build today? Insure for this. (B) Personal articles the same. How much to replace all of your stuff? Insure for this. (C) Loss of use. How much would it cost to rent a place like your home for at least 3 years in a bad outcome? Insure for this. (D) Collectibles, Art, Jewelry riders. Again insure for replacement value. A, B, C, D = transactional security. With love, Jeremy

@sfchronicle Do you have a link to this: "The newly filed documents include data on State Farm’s losses from the Los Angeles wildfires." Which newly filed documents? Where?

A week after securing approval to raise home insurance rates by an average of 17%, State Farm General revealed plans to ask regulators for an additional 11% increase, as well as considerably higher rates for condo owners and renters. trib.al/hGHgW0I

FORD RESTARTS F-150 LIGHTNING OUTPUT AFTER SIX-WEEK SHUTDOWN FORD PLANT TO TRIPLE F-150 CAPACITY BY THIS FALL $F

The Animals - The House of the Rising Sun #classicrock twitter.com/FollowLady_Fan…

$META

Most informative chart in the 1Q earnings deck: The day after the 2022 Super Bowl, $TSLA orders surged, which validates our long held view that competitors’ advertising their new EVs helps TSLA as EV market leader the most. @elonmusk @MartinViecha

$TSLA 2022 YTD revisions (+21%) vs 2022 YTD price (-4%) gap still a long way from being filled.

*Bullard: Fed Should Get Going on Lowering Size of Balance Sheet