[ColdNoMore]

Originally Posted by Boomer

Thank you, Marilyn Riccio. I have been following that situation, off and on, for a while. Those people have to feel trapped and heavily stressed. I have the ability (or maybe it’s a curse) to put myself in another’s place and give thought to how they must feel. (Sometimes I wish I were callous and self-absorbed. But I do not think my personality will change after having it for oh so many decades.)

Many people in TV have mortgage-free homes. A lot of them have paid cash up front, having sold their houses up north for a tidy profit. While there is a definite comfort zone in having no mortgage, it means that the homeowner is the bank, the whole bank, and nothing but
the bank — the risk-carrier.

Each time I hear about a sinkhole, I wonder how Citizen’s bank would respond if such devastating loss landed with them because they were holding the mortgage, owning the house. (Just a thought. I have been told that I often think outside the box.)

Gracie, if I may respectfully take issue with your first sentence above about adequate insurance, I must point out that there is an enormous difference in the aftermath of the natural occurrences you use in your examples.

First of all, those of us who have been around here for a long time know that insuring for sinkholes has a checkered past. Additionally, and especially, the glaring difference is that owners of sinkhole properties, no matter how insured, seem to never be whole again. Insurance for earthquakes and lightning strikes — also tornadoes and hurricanes and such — can put the homeowner back in place in a house all back together and all is well. But when the loss is the very ground beneath the home, it is a devastating and on going loss — nothing is ever the same.

Hey, manaboutown. I have read about this over the years. Geology was my favorite science class, second place was botany. (Yes. I know. Sheldon Cooper would not consider them to be real science. )

Also, I must compliment you are you choice of sources for this one.

And, another thing, I find the go-to grasping of the word ’jealousy’ by the die-hard, all-or-nothing developer defenders to be tedious and ridiculous.

I have often, in posts here, compared owning in TV to be like owning stock in a corporation. The Lifestyle to be enjoyed is like a dividend paid by the stock. Dividend investors, by their very nature, pay close attention to what is happening to the investment itself and, of course, to the dividend. Is the dividend increasing or being cut or holding steady? The decision to buy or sell said stock lies with the owner — not with someone spewing the old, “Don’t let the door hit you in the backside” cliche.

We felt as if the investment in TV was a pretty safe one. That’s all. I have no need to dance in a conga line around the developer who does not know me any more than the CEO of any other company knows me. It’s a business — merely a business — on both ends. (my personal view)

Oh well, while I am taking up an entire page, quoting and commenting, I might as well throw in something else:

To Jazeula and Midnight Cowgirl,

I really like your posts. Your writing is insightful, smart, with a sparkle, and just the right amount of sass.

Sincerely,
Boomer

Ditto...ALL.