Quote:
Originally Posted by ckissick
Where'd you hear that?
Those houses were worth about $600K to $700K, tops. But it will cost maybe$500K to build a new house on each lot. Even if 100 houses have to be rebuilt, that's 50 million dollars. New paving, etc. is just a few thousand more. I'm still 950 million bucks short of a billion.
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CBS, they also quoted a source saying insurance won't cover it. Out a pocket shortfall means rate increases....