Permit numbers are falling rapidly, what about fire re-building?

[NotCranky]

I am not sure about the permits, but I believe they trickled in for the last fire.

the insurance company does not comp the house out they “adjust it” using a pet hired contractor who use software. The Homeowner can wait for the insurance companies offer and let their contractor repair the house or they can argue the numbers indepentdently or hirer an adjuster to scope out and estimate the loss. If an agreement can’t be reached they go to a neutral third party called a referee in an arbitration process called “appraisal” and the referee makes the decision. This is all under state law.

The terms of the policy absolutely affect the results. In the last fires the insurance commissioner and the courts took the side of the under insured and blamed the coverage deficiency on insurance on the agent. I know several companies under insure to keep rates competitive and deal with it on a case by case basis in big losses. They usually have pretty high extended coverage by implementing a rider into the contract but the insured could likely end up fighting like crazy to get into the extended coverage area.

[Bugs]

I wouldn’t guess that all that many of the burned homes were horribly overencumbered. We like to toss around the idea that our society has devolved and everyone in it has been behaving irresponsibly, but I’d like the think that the people who’s behavior has been garnering all the attention are among the minority, not the majority.

OTOH, I would guess that a lot of those homes were underinsured. When coupled with the standing inventory of new homes it wouldn’t surprise me is some of the fire victims just moved on.

Maybe the sales activity from the last few months was bolstered by some of these buyers, who would otherwise have remained in place. Maybe without the fires 2007 would have ended even worse than it did.

[Bugs]

I wouldn’t guess that all that many of the burned homes were horribly overencumbered. We like to toss around the idea that our society has devolved and everyone in it has been behaving irresponsibly, but I’d like the think that the people who’s behavior has been garnering all the attention are among the minority, not the majority.

OTOH, I would guess that a lot of those homes were underinsured. When coupled with the standing inventory of new homes it wouldn’t surprise me is some of the fire victims just moved on.

Maybe the sales activity from the last few months was bolstered by some of these buyers, who would otherwise have remained in place. Maybe without the fires 2007 would have ended even worse than it did.

[Bugs]

I wouldn’t guess that all that many of the burned homes were horribly overencumbered. We like to toss around the idea that our society has devolved and everyone in it has been behaving irresponsibly, but I’d like the think that the people who’s behavior has been garnering all the attention are among the minority, not the majority.

OTOH, I would guess that a lot of those homes were underinsured. When coupled with the standing inventory of new homes it wouldn’t surprise me is some of the fire victims just moved on.

Maybe the sales activity from the last few months was bolstered by some of these buyers, who would otherwise have remained in place. Maybe without the fires 2007 would have ended even worse than it did.

[Bugs]

I wouldn’t guess that all that many of the burned homes were horribly overencumbered. We like to toss around the idea that our society has devolved and everyone in it has been behaving irresponsibly, but I’d like the think that the people who’s behavior has been garnering all the attention are among the minority, not the majority.

OTOH, I would guess that a lot of those homes were underinsured. When coupled with the standing inventory of new homes it wouldn’t surprise me is some of the fire victims just moved on.

Maybe the sales activity from the last few months was bolstered by some of these buyers, who would otherwise have remained in place. Maybe without the fires 2007 would have ended even worse than it did.

[Bugs]

I wouldn’t guess that all that many of the burned homes were horribly overencumbered. We like to toss around the idea that our society has devolved and everyone in it has been behaving irresponsibly, but I’d like the think that the people who’s behavior has been garnering all the attention are among the minority, not the majority.

OTOH, I would guess that a lot of those homes were underinsured. When coupled with the standing inventory of new homes it wouldn’t surprise me is some of the fire victims just moved on.

Maybe the sales activity from the last few months was bolstered by some of these buyers, who would otherwise have remained in place. Maybe without the fires 2007 would have ended even worse than it did.

[beachlover]

Well, it could reflect the construction prices. I’ve had two contractors submit bids on a room addition. Not a big job, a little over 100 feet on a single story home. They both indicated they are NOT doing any fire work.

First bid was just under $700 a square foot; second was just under $500 a square foot. Obviously, they won’t be pulling permits for me. If they aren’t pulling permits for others I wonder what they are doing?

[beachlover]

Well, it could reflect the construction prices. I’ve had two contractors submit bids on a room addition. Not a big job, a little over 100 feet on a single story home. They both indicated they are NOT doing any fire work.

First bid was just under $700 a square foot; second was just under $500 a square foot. Obviously, they won’t be pulling permits for me. If they aren’t pulling permits for others I wonder what they are doing?

[beachlover]

Well, it could reflect the construction prices. I’ve had two contractors submit bids on a room addition. Not a big job, a little over 100 feet on a single story home. They both indicated they are NOT doing any fire work.

First bid was just under $700 a square foot; second was just under $500 a square foot. Obviously, they won’t be pulling permits for me. If they aren’t pulling permits for others I wonder what they are doing?

[beachlover]

Well, it could reflect the construction prices. I’ve had two contractors submit bids on a room addition. Not a big job, a little over 100 feet on a single story home. They both indicated they are NOT doing any fire work.

First bid was just under $700 a square foot; second was just under $500 a square foot. Obviously, they won’t be pulling permits for me. If they aren’t pulling permits for others I wonder what they are doing?

[beachlover]

Well, it could reflect the construction prices. I’ve had two contractors submit bids on a room addition. Not a big job, a little over 100 feet on a single story home. They both indicated they are NOT doing any fire work.

First bid was just under $700 a square foot; second was just under $500 a square foot. Obviously, they won’t be pulling permits for me. If they aren’t pulling permits for others I wonder what they are doing?

[an]

Wow, $500-700/sq-ft? I thought the typical cost is $150-200/sq-ft. So with this rate, adding 1,000 sq-ft would cost $500-700k?

[an]

Wow, $500-700/sq-ft? I thought the typical cost is $150-200/sq-ft. So with this rate, adding 1,000 sq-ft would cost $500-700k?

[an]

Wow, $500-700/sq-ft? I thought the typical cost is $150-200/sq-ft. So with this rate, adding 1,000 sq-ft would cost $500-700k?

[an]

Wow, $500-700/sq-ft? I thought the typical cost is $150-200/sq-ft. So with this rate, adding 1,000 sq-ft would cost $500-700k?

[Author]

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