08-15-2018, 05:45 AM
"I was thinking more of Kapho and the fact insurance does not cover land value. How much of that was leveraged investment property ? Swaps for farmers Ok , but bailing out REIT's maybe not."
I owned 3 consolidated lots in Kapoho that were worth $90,000 each.I had no mortgage and it wasn't an investment.
I don't think it would be fair for the taxpayers to bail me or anyone else out, but if anyone gets compensated for their land then we all should.
I owned 3 consolidated lots in Kapoho that were worth $90,000 each.I had no mortgage and it wasn't an investment.
I don't think it would be fair for the taxpayers to bail me or anyone else out, but if anyone gets compensated for their land then we all should.