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Old 09-19-2008, 08:05 AM
 
48,973 posts, read 39,447,996 times
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Doesn't homeowners insurance come with some sort of living expense provision so you can rent an apt. or hotel room etc while your place gets fixed up?

For apartment dwellers, can't they um....rent another apartment?

Certainly some charitable aid etc. would come into play to help with shortfalls etc. but I'm rather wondering what the govt. doing would do there that wouldn't be handled more efficiently locally etc.
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Old 09-19-2008, 08:08 AM
 
48,973 posts, read 39,447,996 times
Reputation: 30630
Quote:
Originally Posted by bentlebee View Post
At least these empty houses that are not even listed are used to help people who really need it and I assume the people in Texas need houses for many month to come, since it is all gone and a huge mess....why not helping these people...The house next to me is empty since Sept. last year and in Nov. the people gave back the keys to the mortgage company and at that point stopped paying the mortgage....before they tried to sell the house with numerous realtors and for way higher than the builder is building the same model...so all these professionals couldn't figure out that you have to list it for similar or less than the new construction...no they asked $ 70 K more....no wonder no one is interested!
Your neighbors weren't dumb. They decided that their house wasn't worth what it was and that they were upside down on it. So, they tried to sell it for the inflated value KNOWING they would just default if it didn't sell.

It's not unlikely that your neighbors could have made their mortgage payments but chose otherwise.
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Old 09-19-2008, 08:21 AM
 
Location: Montrose, CA
3,031 posts, read 7,871,079 times
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Quote:
Originally Posted by brokerdave View Post
it just has to be instituted with military precision. monthly check-ins and walk throughs etc.

just like if we wanted national health care, the military would have to do it. otherwise it would just be chaos.
Alice...time to come back to the real world!
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Old 09-19-2008, 08:36 AM
 
Location: Fort Myers, FL
1,286 posts, read 2,596,336 times
Reputation: 249
Quote:
Originally Posted by Mathguy View Post
Doesn't homeowners insurance come with some sort of living expense provision so you can rent an apt. or hotel room etc while your place gets fixed up?

For apartment dwellers, can't they um....rent another apartment?

Certainly some charitable aid etc. would come into play to help with shortfalls etc. but I'm rather wondering what the govt. doing would do there that wouldn't be handled more efficiently locally etc.
not when it is from a hurricane, there is hurricane insurance and flood insurance they are separate insurance policy's on top of hazard. hurricane deductibles are $5000+ for most people(its based on type of coverage and % of value) that have a policy cant afford to make a claim.
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Old 09-19-2008, 09:42 AM
 
Location: Charlotte, NC
2,193 posts, read 4,451,397 times
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it's not a terrible idea. but i think people might not take care of the house and just freeload forever. the house may get destroyed anyway.

i think a better idea might be to have people sign some sort of conditional lease. that they can stay for free up to 3 months then after that have to pay rent. or they can move out till they fixed their original damaged home or found another place to live.
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Old 09-19-2008, 12:02 PM
 
Location: Fort Myers, FL
1,286 posts, read 2,596,336 times
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in 30 years of renting yearly rentals and vacation rentals, i have had 5 bad renters out of probably close to 300-400 couples.

most people take care and are responsible.
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Old 09-19-2008, 12:11 PM
 
Location: Montrose, CA
3,031 posts, read 7,871,079 times
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Quote:
Originally Posted by brokerdave View Post
in 30 years of renting yearly rentals and vacation rentals, i have had 5 bad renters out of probably close to 300-400 couples.

most people take care and are responsible.
When someone is paying for something, the general trend is to treat it relatively well. When someone is getting something for FREE, it's different.
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Old 09-19-2008, 01:54 PM
 
Location: A little suburb of Houston
3,702 posts, read 15,939,026 times
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Knowing that 3 of my friends lost their homes due to Ike...well 2 recieved storm surge of 6+ feet, and one had her home wiped off it's piers. I still would not advocate doing this. FEMA and their insurance companies (and friends) will take care of them until their houses are livable or rebuilt.
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Old 09-19-2008, 03:11 PM
 
Location: Fort Myers, FL
1,286 posts, read 2,596,336 times
Reputation: 249
Quote:
Originally Posted by Mathguy View Post
Doesn't homeowners insurance come with some sort of living expense provision so you can rent an apt. or hotel room etc while your place gets fixed up?

For apartment dwellers, can't they um....rent another apartment?

Certainly some charitable aid etc. would come into play to help with shortfalls etc. but I'm rather wondering what the govt. doing would do there that wouldn't be handled more efficiently locally etc.
Quote:
Originally Posted by Poltracker View Post
Knowing that 3 of my friends lost their homes due to Ike...well 2 recieved storm surge of 6+ feet, and one had her home wiped off it's piers. I still would not advocate doing this. FEMA and their insurance companies (and friends) will take care of them until their houses are livable or rebuilt.
i was saying it would be through fema
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Old 09-20-2008, 09:58 PM
 
Location: Raleigh, NC
475 posts, read 1,148,975 times
Reputation: 341
A nice idea but I don't think it would ever work for reasons others have listed.
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