In Shore Acres, Florida, a low-lying, bayfront neighborhood, houses were damaged by Hurricane Helene two months ago and Hurricane Milton a few days later. Some of the older houses were in disrepair, while the newer ones were pristine. The cost of climate change-related disasters is increasing the cost of homeowners insurance.
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There is a ten-fold increase in the use of private ratings in the U.S. life insurance sector since 2018. Goldman Sachs and JPMorgan are exploring ways to trade on the cost of computing power. Futures contracts tied to rental prices for graphics processing units are being discussed.
The real estate industry and YIMBY groups advocate for a flawed, self-serving solution called "trickle-down housing". They want to flood the rental market with new luxury housing, which will bring down rent prices for middle- and working-class tenants. The solution is a multi-pronged approach called the "3 Ps" - protect, preserve and produce.
The House Appropriations Committee voted 34 to 27 to advance its Housing and Urban Development spending bill for fiscal year 2027. The bill would provide $71.38 billion for HUD, which is a $5.94 billion, or more than 8 percent, cut from the current budget.
John Geyman died at his home in Friday Harbor, Washington, on May 28, 2026, at age 95. He is survived by his second wife, Emily, his sons Matt, Amy, Cal, Lisa, and Sabin, and his grandchildren, Emily and Laura. A celebration of his life will be held on Saturday, June 27, at 2:00 pm at the Friday Harbor Airport.