TIL: "Title Insurance" is a thing in the #USA.
Because no one keeps centralized records, a title on a house can appear "out of nowhere", and can be very costly. Hence an insurance which covers such claims, and might costs around 1% of the sales prices, or more.
For the land of "small government", that's a lot of overhead outsourced to the little man, or woman. Love me some "Grundbucheintrag" in Germany.
https://freakonomics.com/podcast/title-insurance/
Andreas Scherbaum /
npub1xq…erdm4
2024-09-11 16:06:05
Author Public Key
npub1xqx2ayluw29qe983e6t7kcwshh2cj89xprnamtvu4s7lm5se6afq4erdm4Published at
2024-09-11 16:06:05Event JSON
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