12-04-2014, 06:36 AM
maybe it will be worth it to save pahoa for 20 million? you don't know the future. you want to make decisions, run for office, or get a more powerful job. otherwise, your opinion is worth exactly one vote.
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Using bankruptcy court against a lava flow
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12-04-2014, 07:19 AM
you don't know the future.
USGS maps suggest that Pahoa has less of a future than, say, Kurtistown. your opinion is worth exactly one vote. Which vote is worthless against whatever Shipman wants.
12-04-2014, 09:23 AM
quote:Not in my opinion, but is it saved, or merely delayed. Ono - So Fast - So Tasty!
Ono - So Fast - So Tasty!
12-04-2014, 11:35 AM
Instead of looking at the decision to build from a private person's perspective, let's look at it from the State's perspective. The State of Hawaii, after exercising due diligence, decided to build Keonepoko Elementary School. For the sake of argument let's assume the land has clear title, the building and septic etc. are to code, and everything insurable is fully insured. Now, let's say the school, although not directly damaged, was isolated by a lava flow and abandoned. If the Department of Education's legal staff decided to file claim to mitigate their losses would anyone object? The point being; the DOE built a school when it had the approval and tacit support of the insurance companies. It was a partnership with shared risk. The insurance companies could have shut down the building process at any time, but after exercising due diligence, chose not to. Yes, it's tempting to hang the little guy out to dry when things go south, but that's not how shared risk works. People go out on a limb all the time because someone's got their back. Sometimes those risks pay off; sometimes they don't. The State, County, private insurance companies and the builder function as a team. They all have something to gain and something to lose. If any one of those entities fail to live up to their responsibilities the system collapses. To use the gambling analogy, the house has to pay off from time to time or else only the financially suicidal would play at their tables.
Now sometimes the house doesn't want to pay up, and so the little guy has to bring the matter into the light of day, so to speak. Grudgingly, the house forks over the cash making a big PR show of it to assure the other little guys that the game isn't rigged. Now this will sound simple-minded, but there are two basic forms of bankruptcy Chapters 7 and 13. Information is readily available, and I suggest you study the law and how it applies to your situation carefully. You should realize that the Referee, though bound by law, represents the interests of the creditor(s). He or she is there to extract as much out of you as the law allows. If you have a lot, they'll take a lot. It doesn't really make any sense to file unless you really are strapped, otherwise the Referee will make you pay whether it's comfortable for you or not. After you've made a thorough study and amassed all your documents find yourself a hard-nosed attorney with a proven track record. If you can't find one to take your case that means no one wants to help you evade your responsibilities. On the other hand, there are several here on this island who will win if you have a winnable case. Un Mojado Sin Licencia
Un Mojado Sin Licencia
12-04-2014, 12:03 PM
quote:If you rolled the dice and lost, well, you lost. Life isn't a Mulligan-opportunity on somebody else's dime. If your insurance covers lava-damage, well, file a claim. You still own the land, it is yours, lava or no lava, so you're still on the hook, IMHO. The Entitlement Mentality seems to have almost-everyone by the short-hairs. Kinda reminds me of Union hacks wanting "Profit Sharing", but should the company lose money, are they willing to write a check to cover the lose?? Hell no. People here (some, not all) want all the benefits (perceived or real) of living on a hyperactive volcano, but none of the risks, thank you very much. Ono - So Fast - So Tasty!
Ono - So Fast - So Tasty!
12-04-2014, 12:36 PM
Okay, look, every business hedges their bet, it's the way business in done. My wife and I built our house using a business model. The bank liked the way we do business and backed us; as did the insurance companies. Just like the big hotels in Kona insure, we insure. Just like the school district insures, the retail stores, and frankly, anyone who operates in this modern business environment insures, we do the same. This entire island is one big volcano; any one of the cones could go off without warning. If the Four Seasons, or the Hilton or any of the other tourist resorts couldn't insure they wouldn't build. If Kona didn't have tourist resorts we wouldn't have much of an economy. Like it or not, insurance companies are the cornerstone of modern economy. You can chose to play the game or not, the decision's yours to make.
Your analogy of life being a crap shoot may fit your lifestyle, but mine is more like a horse race. I read the racing forms, talk to the jockeys, and place my bets: win, place, show. You see, I like going to the track so much that I make sure I have something left in my pocket after a bad day, so I can come back and try my luck again. Un Mojado Sin Licencia
Un Mojado Sin Licencia
12-04-2014, 12:43 PM
quote:Comparing the Kohala district with Puna is a bit of a stretch, don't you think. I don't know where you got the idea that I think life is a crap shoot, but, to borrow a phrase, you just crapped out. My only position is that you are responsible for your decisions, good or bad. Ono - So Fast - So Tasty!
Ono - So Fast - So Tasty!
12-04-2014, 01:09 PM
Business is business. Some are good at it, others, not so much. That's very clever about crapping out and all, now how about applying reason to your argument. Your absolutist view of good and bad betrays your ignorance. Life just isn't that simple, or, then again, for you maybe it is.
Un Mojado Sin Licencia
Un Mojado Sin Licencia
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