Over the past couple of months, I’ve been toying with the idea of buying a new house – something to provide me with more space, more land, and, apparently, a lot more debt.
Well, at least I was.
Thanks to Oklahoma’s sky-high home insurance rates – the highest in the country under Insurance Commissioner Glenn Mulready – the amount of home Oklahomans can afford keeps going down and down, just as home prices and interest rates keep going up and up, resulting in thousands of Oklahomans struggling just to pay their current mortgage, let alone upgrade to a new one.