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This will coincide with Vern's post below. This is the best Idea I've heard yet and it'll work.............................

hope that your $200.000 home that you bought three years ago is still worth $200.000 and if not because the city accessed it at $100.000 last year you better hope you had enough insurance on it to cover the difference between what you paid for it and what it is worth on the market today because the value of your home went down because the land and homes around you went down. Insurance company's know this and do use this when disaster strikes, it happens.

Then you decided that you want to borrow on that $200,000 home that you bought three years ago and is paid off to buy a boat, put in a swimming pool or a apple tree and the bank sends out a fella to look over the place, he says it's only worth $100,000 and you say but I bought it three years ago for $200,000 and the bank says that was three years ago, the house next to yours sold for $100,000 and the house on the other side sold for $95,000, sorry home owner the bank says, the market only calls for $100,000 on your home where you live.

Most folks don't understand this but the list goes on and on, you can insure your three year old home that you bought for $200,000 but is now worth $100,000 but you will pay though the nose to do so because since the property value around you dropped so did the value of your home even with it's solid gold door knobs, any body who doesn't believe this and is a home owner just call your agent, he or she will tell you the truth when asked, just make sure you read the fine print and have enough insurance on it just in case you need to use it :thumbup:
 
remember Elson, you said it doesn't matter about the value of your home because you're not planning on selling it, do the math and just make sure you have enough insurance to cover the cost incase disaster strikes during these times of home devaluing!
 
unless some trivial amount plus YOUR DEDUCTABLE of course :D

Has you car insurance gone up this year????
Oh it will dont worry :lol:

You will see many companys close up and go with money you paid!
You will see way smaller print in contracts then a flea's waste,if you think your covered...think again...no one is exempt

Elson needed that insurance check to rebuild and that was last year before the bottom fell out.... and with all them Donkeys ya woulda thought it was no big deal BUT he needed an insurance check based on the VALUE of the PROPERTY ;) before the bottom fell out

Now this year with no bottom I home everyone in any storm zone the best because as you see more and more it takes time to rebuild and time to get a check and time to heal

So if you live in a 4 dollar house your way better off believe me :lol: :thumbup: :rofl:
 
No one had gave me anything,Every thing I got Betty and I work for.My dad never had anything but a hard job,We were a poor family.When Betty and I got married 51yr. ago we started working for what we got.The Gov.never gave me anything.If every thing go down this old fellow is ready.I can put a roof over my head at any time.Wind can blow and rain can fall,I own 6 property's in difference place's witch I can move in at any time.If that all go I'm man enough to rebuild a place to live.I can reuse the lumber from the down house if I got to.I'm am a survivor,I will not wait for help form the Gov..Lot's of people will go before me.

Ya'll have fun now
 
just 54, 16 years younger then you and I and everybody else on this forum knows what it is to be poor and work for everything we have in life also.

You are not special here in this case, we have all gone through the Pitts to keep ourselves a live and some here are still doing it everyday, the list is long Elson, very long. Your not the only one that can build a roof over their family's head, I can too as many here can, you talk about being poor, I'll show you poor Elson, seven kids and living in Brooklyn in the 50's and early 60's without working parents and stealing just to eat, now that's poor I guess, you tell me :shrug:

I dug myself outta that shameless pit as others have here to have money in the bank and move if I choose to or have to like I just did 3 years ago to be bubbas right hand man after the housing market went into the toilet, went to work for him for free for a week just to see if I could and would be able to do the job and did, he welcome me with open arms after that week and I am thank full and always will be, thanks Craig :thumbup:

I'm not fighting with you here Elson, I just want you to remember, you are not the only one that had to fight to live, there is a whole forum here of life's story's of survival, all the best Elson :thumbup:
 
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