[novice1027]

Be very wary of those HOA insurance plans. My mom lives in a townhouse and has the manditory HOA insurance, not cheap either, and still has her household insurance through Allstate. She had a pipe break inside the house and got totally SCREWED! Neither one of the companies wanted to pay. The HOA had a huge deductible, which she didn’t quite reach, then Allstate said they weren’t responsible, because of the other insurance coverage, so she was out of pocket some $4000, not including the increased electricty bills for running all of the blowers.
They have you coming and going!

[novice1027]

Thanks for the info Renter,
I figure I am about as safe as I can be, but I have just been lucky due to my lack of wanting any risk in my financial life.
I do really appreciate all that I have learned from this site. Thanks for any other future input.

[novice1027]

Thanks for the info Renter,
I figure I am about as safe as I can be, but I have just been lucky due to my lack of wanting any risk in my financial life.
I do really appreciate all that I have learned from this site. Thanks for any other future input.

[novice1027]

Let me start by saying ANY knowledge I have on economics or real estate have been learned here, and I thank all of you for your education.
I here people on this site saying be careful what you wish for, we could have a big recession.
I am a nurse, so this is all new to me in the last year.
I lived here in the 90’s pretty unscathed, was that considered a recession?
My question to the people in the know is, how does one make themselves recession proof?
My husband & I have a decent income, a very low mortage, and 1 small car payment, along with money in the bank.
What does one need to do to prepare for a recession besides putting your money under your matress?
Any thoughts or suggestions?

[novice1027]

Let me start by saying ANY knowledge I have on economics or real estate have been learned here, and I thank all of you for your education.
I here people on this site saying be careful what you wish for, we could have a big recession.
I am a nurse, so this is all new to me in the last year.
I lived here in the 90’s pretty unscathed, was that considered a recession?
My question to the people in the know is, how does one make themselves recession proof?
My husband & I have a decent income, a very low mortage, and 1 small car payment, along with money in the bank.
What does one need to do to prepare for a recession besides putting your money under your matress?
Any thoughts or suggestions?

[novice1027]

Thanks Renter,
Now it makes sense. Does seem a bit naughty!

[novice1027]

Thanks Renter,
Now it makes sense. Does seem a bit naughty!

[novice1027]

Of course, what was I thinking?
Seriously though, would they get anything, or could they be liable for something fraudulent? Or does no one really care?

[novice1027]

Of course, what was I thinking?
Seriously though, would they get anything, or could they be liable for something fraudulent? Or does no one really care?

[novice1027]

For the sake of sounding stupid, I don’t understand why the seller would agree to something like that. Am I missing something?
Does the seller get anything out of a shady deal, or just the buyer?

[novice1027]

For the sake of sounding stupid, I don’t understand why the seller would agree to something like that. Am I missing something?
Does the seller get anything out of a shady deal, or just the buyer?

[novice1027]

Anything coastal, no more than 5 mi inland.
House
$300-$500k
10,000 sq ft lot or >, 4 bdrms and family room
currently own, won’t sell
not shopping now

[novice1027]

Anything coastal, no more than 5 mi inland.
House
$300-$500k
10,000 sq ft lot or >, 4 bdrms and family room
currently own, won’t sell
not shopping now

[novice1027]

Thank you, Thank you, Thank you!!

[novice1027]

Thank you, Thank you, Thank you!!

[Author]

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