Thats because the governement will pay for it if it does. Its a big reason why beach houses went from tiny seasonal cottages to massive houses.
Better than paying rent and probably a tax deduction when it does fall into the ocean. I can’t imagine him being bailed out by the government, but what do I know how idiotic things are. I bet he doesn’t sleep too well during storms, though.
Dude’s 59, so yeah it’s a gamble. It’s possible that it’ll last until he heads for a nursing home. Biggest issue is that it’s $400k plus any money he puts into the house that he’ll never recover because I really doubt he’ll be able to sell it to someone else, either practically or legally.
I wonder how much life the roof and furnace have left in them?
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Thats because the governement will pay for it if it does. Its a big reason why beach houses went from tiny seasonal cottages to massive houses.
Better than paying rent and probably a tax deduction when it does fall into the ocean. I can’t imagine him being bailed out by the government, but what do I know how idiotic things are. I bet he doesn’t sleep too well during storms, though.
Dude’s 59, so yeah it’s a gamble. It’s possible that it’ll last until he heads for a nursing home. Biggest issue is that it’s $400k plus any money he puts into the house that he’ll never recover because I really doubt he’ll be able to sell it to someone else, either practically or legally.
I wonder how much life the roof and furnace have left in them?
P.T. Barnum: “There’s one born every minute.”
Good luck getting insurance