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make that barrier of entry REALLY high to live in those

Posted on: October 9, 2024 at 09:13:48 CT
Joeboo MU
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If you can plunk down a million in cash to build the home, then so be it if you're willing to risk that to live there.

But getting a bank loan to fund that build isn't enough skin in the game for the property owner. They're risking the banks money, not theirs.

Sure, maybe you have to default on a mortgage for a house that was wiped off the map but you declare bankruptcy, they cant take your primary residence, and life is back to normal in 7 years. You didn't lose millions of dollars of your own money, it was the banks.
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What I read this morning is Milton is going to hit around - Carlos Rossi KC - 10/9 08:51:39
     I don't think many outside of Florida realize that the Tampa - KC rules MU - 10/9 11:13:29
     Andrew was devastating (nm) - pickle MU - 10/9 09:53:41
          And construction is so much better than it was back - alwaysright MU - 10/9 11:07:25
     RE: What I read this morning is Milton is going to hit around - TigerFan92 STL - 10/9 09:37:19
     Ian went over our house in Ft. Myers at 155mph sustained - Ohtiger MU - 10/9 09:23:03
     Florida is about to get some mother nature population - Eggs MU - 10/9 08:56:09
          I don't understand why anyone would want to live there - TigerNuts KC - 10/9 09:58:46
               I'm blissful in Daytona Beach. Will never return to the midw - 90Tiger STL - 10/9 17:37:15
               RE: I don't understand why anyone would want to live there - CPA MU - 10/9 11:23:53
               It’s wonderful (nm) - pickle MU - 10/9 10:53:48
               We lived in Tallahassee for a couple of years and I enjoyed - mizzou541 KC - 10/9 10:01:29
          Our insuranced almost tripled between MO and FL and - mizzou541 KC - 10/9 09:54:45
          After having Irma and Ian go right over our Fort Myers - Ohtiger MU - 10/9 09:33:47
               Yeah I'll stick with it being a place to visit(nm) - Eggs MU - 10/9 09:45:04
                    Yep, sorta like a nuthouse... - Gyro STL - 10/9 09:49:50
          Hurricane insurance is absolutely stupid. I can't even - Tiger_Claw KC - 10/9 09:21:07
               It's like when my brother lived in Corona Del Mar, Orange - Diamond Dave MU - 10/9 09:34:30
               We had concrete barrel tiles on our roof - 30 year life. We - Ohtiger MU - 10/9 09:26:15
                    Getting bad everywhere, especially for roofs. Joeboo can - Diamond Dave MU - 10/9 09:27:40
                         Our roof was 10 years old. Barrel tile companies change - Ohtiger MU - 10/9 09:31:08
          I know an entire family unable to get out at this point - Diamond Dave MU - 10/9 09:08:45
               were they listening to this idiot? - tigerdb MU - 10/9 10:49:01
                    "this idiot" recommended evacuations and it has reduced - 90Tiger STL - 10/9 13:02:40
                         I'm not inferring anything - I asked a question. - tigerdb MU - 10/9 13:14:24
               They need to pull a Forest Gump and just start walking... - Carlos Rossi KC - 10/9 09:41:46
               why did they wait so long?(nm) - TigerA MU - 10/9 09:13:24
               why didn't they leave 3 days ago?(nm) - MizzouAstro MU - 10/9 09:13:13
                    Supposedly were unable to get gas.(nm) - Diamond Dave MU - 10/9 09:14:03
                         then they didn't look (nm) - 90Tiger STL - 10/9 13:03:01
                         I was just in Orlando yesterday, a lot of people getting - playhard KC - 10/9 10:17:30
                         Plenty of people were getting gas(nm) - Iron DUKE - 10/9 09:59:32
                         There are multiple public transit programs in place - Rabbit Test MU - 10/9 09:36:40
                              Man, I don't know. Just relaying a story. I'm sure they - Diamond Dave MU - 10/9 09:37:37
                         so drive 50 miles north and get gas there - MizzouAstro MU - 10/9 09:16:41
                              Reports are that gas was not available all up I75 as recent - Ohtiger MU - 10/9 09:27:44
                              I don't know the particulars. Daughter texted the wife and - Diamond Dave MU - 10/9 09:18:08
                                   they need to siphon like The Last of Us(nm) - TigerA MU - 10/9 09:20:33
                                   A well planned household I see(nm) - meatiger MU - 10/9 09:18:55
                                        I vaguely know who they are, but the Dad seems quite - Diamond Dave MU - 10/9 09:20:16
                                             no, that's nonsense. you don't have to drive to Tulsa (nm) - 90Tiger STL - 10/9 13:03:50
                                             Getting the ef out means - Rabbit Test MU - 10/9 09:38:10
                                                  Tell me you’re ignorant - pickle MU - 10/9 09:54:21
                                                  Though your bunker may not have power - kmawv8 KC - 10/9 09:41:50
                                                       Yea, my bunker - Rabbit Test MU - 10/9 09:52:03
                                                  You have no idea where they are - meatiger MU - 10/9 09:38:53
                                                       If they are in a evacuation area, they need to - Rabbit Test MU - 10/9 09:48:36
                                                            they don’t “need” to do **** (nm) - pickle MU - 10/9 09:51:32
                                                            DD did not say if they were in an evac area or not - meatiger MU - 10/9 09:50:42
                                                            You've got it all figured out from the middle of the - kmawv8 KC - 10/9 09:49:53
                                                                 I have a home - Rabbit Test MU - 10/9 09:54:24
                                                                      And Florida natural disasters too (nm) - kmawv8 KC - 10/9 09:55:51
                                                                           Most Florida natural disasters - Rabbit Test MU - 10/9 10:52:26
                                                                                ^ correct (nm) - 90Tiger STL - 10/9 13:04:28
                                             there is book smart and there is common sense(nm) - TigerA MU - 10/9 09:21:09
                                                  For sure. One of my best friends in STL got like a 35 on - Diamond Dave MU - 10/9 09:23:45
                                                       If he somehow gets you to show him how to do it 14 times - Lt. J. Dangle MU - 10/9 09:54:44
                                                       lol(nm) - TigerA MU - 10/9 09:25:22
                                   Sounds like my wife...will drive until there's barely - Mormad MU - 10/9 09:18:53
                                        Lol. You might be accurate here(nm) - Diamond Dave MU - 10/9 09:20:51
          Hopefully insurance companies stop insuring the idiots - MizzouAstro MU - 10/9 08:58:43
               or the state of Florida can handle its hurricanes instead - tigerdb MU - 10/9 10:40:15
               Or, recall the billions sent to Ukraine(nm) - Diamond Dave MU - 10/9 09:10:50
                    So use tax money - meatiger MU - 10/9 09:13:08
                         RE: So use tax money - CPA MU - 10/9 09:19:10
                         Tax money wasn't sent to Ukraine(nm) - Diamond Dave MU - 10/9 09:16:38
                              isn't all of the governments money ultimately tax money? - Joeboo MU - 10/9 09:17:58
                                   Nah, there's also debt that'll never be repaid(nm) - Mormad MU - 10/9 09:19:28
                                        how do I get in on that deal?(nm) - Joeboo MU - 10/9 09:20:30
                                             Become born to a uber-wealthy European Jewish banking - Diamond Dave MU - 10/9 09:22:12
                                   The money supply is the Federal Reserve's money. Private - Diamond Dave MU - 10/9 09:19:18
                              Really?(nm) - meatiger MU - 10/9 09:17:57
                    insurance companies sent bililons to Ukraine?(nm) - MizzouAstro MU - 10/9 09:12:26
                         Yes, the bastards(nm) - Diamond Dave MU - 10/9 09:17:08
                         lemme put a stop pay on that check real quick - Joeboo MU - 10/9 09:16:58
               Banks need to stop lending to people who want to buy/build - Joeboo MU - 10/9 09:06:29
                    Sounds too reasonable - Eggs MU - 10/9 09:17:38
                    Excellent points(nm) - Diamond Dave MU - 10/9 09:09:22
                         make that barrier of entry REALLY high to live in those - Joeboo MU - 10/9 09:13:48
                              You'd think they'd learn, but banks don't typically fail in - Diamond Dave MU - 10/9 09:25:43




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