Grandpa's house up for sale

[Muffler Man]

Originally Posted by Ill Duce

WTF are you yapping on about old man I was replying to Lars anecdotal examples.

Feel free to butt in anytime but next time try to comprehend so you don’t look like a demented old geezer with the attention span of a jellyfish

Brutal

[Muffler Man]

Originally Posted by Onebadcad

The easy way to end this is that Preston Henn, before his passing, owned a great car collection.
The crown jewel of this collection, and also the crown jewel of the automotive world, was his 1964 Ferrari 275 GTB/C Speciales, one of three built, the racing heritage is well-documented, the car is today as it left the racing world.
The car can fetch $125+M at auction, I think it would be over $150M, could touch $200M with the right bidders in the room.
I doubt the car has been driven, or started, in the last 20 years, as I tried to get close to it to do such, but was escorted away.
With that said, I bet it has a HUGELY policy on it, to protect the asset, even though it has minimal exposure to loss, with the exception of theft--anyone know how I can borrow a heavy-lift whirlybird, I can cut you in.

BTW, for those keeping score, he was a FL dood, lived in FL, as did the car!!

Nick Mason takes Brian Johnson for a ride in his Ferrari 250 GTO - YouTube

Interesting story the car help finance one of their tours

[Big bob]

I see many here don't agree with the old ways. They want instant gratification and are willing to pay for it more power to you. For what the house actually cost you pay double or more for someone else to do the work for you half assed. And for this privilege you get to pay intrest for the money you barrow then PMI insurance to protect your lender from you. Along with the insurance on a house you don't even own what a deal.

My way I now have two places for the price of one.

[Big bob]

Originally Posted by Steve_R

Spot on. We have no mortgage but we do have HO insurance with a large deductible. It would be stupid not to.

Yes it would be living on a sandbar.

[Steve_R]

Originally Posted by Big bob

I see many here don't agree with the old ways. They want instant gratification and are willing to pay for it more power to you. For what the house actually cost you pay double or more for someone else to do the work for you half assed. And for this privilege you get to pay intrest for the money you barrow then PMI insurance to protect your lender from you. Along with the insurance on a house you don't even owe what a deal.

My way I now have two places for the price of one.

PMI is only required for loan-to-value ratios over 80%, so that’s easy to avoid. With historically low mortgage interest rates for many years until recently it was smarter to pay 2-3% interest on a mortgage and invest the money to pay off the mortgage at a higher rate of return. As has already been mentioned, not having insurance of any kind, including liability, on a large investment whether paid off or not is just plain stupid.

If someone gets hurt on your property, sues for negligence and wins, you lose the property unless you’re very wealthy.

[Big bob]

Originally Posted by Steve_R

PMI is only required for loan-to-value ratios over 80%, so that’s easy to avoid. With historically low mortgage interest rates for many years until recently it was smarter to pay 2-3% interest on a mortgage and invest the money to pay off the mortgage at a higher rate of return. As has already been mentioned, not having insurance of any kind, including liability, on a large investment whether paid off or not is just plain stupid.

If someone gets hurt on your property, sues for negligence and wins, you lose the property unless you’re very wealthy.

Sure if you can control the market. And your homestead is protected so you are just wrong again.

When I built my first place intrest rates were much higher.

[Yadkin]

No one's yet accused Big Bob of being smart, and he justifies that often.

[Steve_R]

Originally Posted by Yadkin

No one's yet accused Big Bob of being smart, and he justifies that often.

He’s leaving no doubt.

[Big bob]

Originally Posted by Steve_R

He’s leaving no doubt.

A little help for your ignorance.


What does a Florida homestead protect you from? Florida homestead law protects your house from forced levy and sale by a civil judgment creditor. In other words, if you owe money on a judgment, the creditor cannot take away your home. There are exceptions to what a homestead protects you from in Florida.

[Chuck A]

GLWS

[Big bob]

[Steve_R]

Originally Posted by Big bob

A little help for your ignorance.


What does a Florida homestead protect you from? Florida homestead law protects your house from forced levy and sale by a civil judgment creditor. In other words, if you owe money on a judgment, the creditor cannot take away your home. There are exceptions to what a homestead protects you from in Florida.

So? Does it pay to rebuild if the house burns down, is flooded, hit by a hurricane or tornado, etc?

No, of course not. But you already knew that.

[Big bob]

Originally Posted by Steve_R

So? Does it pay to rebuild if the house burns down, is flooded, hit by a hurricane or tornado, etc?

No, of course not. But you already knew that.

There you go talking out your ass again. I built my first place in 1982 intrest rates were a bit different. I also built underground into a hill. I prepared so my family was safe and protected. You stuck yours on a wave formed sandbar. To each their own.

[Yadkin]

Big Bob lives in a cave.

[Steve_R]

Originally Posted by Yadkin

Big Bob lives in a cave.

I picture Bob as a hobbit.

[Big bob]

[JRD77VET]

GLWS

~~~~~~~~~~~~~~~

When my grandmother died, my youngest Aunt told her two older sisters ( my Mom is the oldest ) that she should get the house since the other two sisters had "more time with Mom"

This is the house
https://www.zillow.com/homedetails/6...19308697_zpid/

Didn't happen

Anyone want to guess her name? Karen is her name and yes, she is "entitled" as the namesake implies.

[Big bob]

Should have had her do all the cleaning for the sale since she did less than the others.

[Millenium Vette]

Originally Posted by Big bob

A little help for your ignorance.


What does a Florida homestead protect you from? Florida homestead law protects your house from forced levy and sale by a civil judgment creditor. In other words, if you owe money on a judgment, the creditor cannot take away your home. There are exceptions to what a homestead protects you from in Florida.

Nice Googling there Matlock. Do you know what a Florida homestead doesn't protect you against? ALL of your other shit and your financial future.

Only a fool would forego homeowners insurance. The protections the liability portion offers is one big reason. It provides a dollar amount of coverage AND a defense. Much better to have insurance pay the lawyers you need.

[Yadkin]

Originally Posted by Steve_R

I picture Bob as a hobbit.

A 6'-5" ape who dreams of bending over a petite woman and take her forcefully from behind.