AutisticMumTo3Aug 12, 2024

‘They encouraged us to insulate our home. Now it’s unmortgageable’ (& unsellable) | Property | The Guardian
https://amp.theguardian.com/money/article/2024/aug/12/they-encouraged-us-to-insulate-our-home-now-its-unmortgageable

#SprayFoamInsulation
#Mortgage
#Unsellable
#Unmortgageable
#Insulation
#CavityWallInsulation
#EquityRelease
#RoofTimbers
#RoofTiles
#CowboyBuilders
#CowboyTraders
#NotJustDoneByCowboysAffected
#BlanketBan
#GovernmentSchemes
#PropertyCareAssociation
#GreatBritishInsulationScheme

‘They encouraged us to insulate our home. Now it’s unmortgageable’

Householders are angered by the discovery they cannot remortgage or sell their homes after installing spray-foam insulation to cut energy use

The Guardian
guy,in,a,hatDec 4, 2023

Very interesting 🤔 lol. Supposedly in #LA there are #mansions so #expensive that they are #unsellable. Instead of getting sold, the owners are forced to #rent them out. The crazy part is that the rent is super expensive so who's even going to try and rent that.

https://finance.yahoo.com/news/everybodys-panic-mode-ultra-rich-133000235.html

'Everybody's in panic mode': Ultra-rich Americans have mansions on their hands that they can't get rid of — so they're renting out their luxury LA homes for as high as $150K+ per month

Even the wealthy are feeling the pain of a sluggish housing market.

Yahoo Finance