exactly, the banks don't want to own land, they want the cash each month...
true too, we ALL pay millions of dollars for insurance over our lifetime, from perhaps our first set of wheels.
what are they doing with the monies they rake in..??
buy each member of the board a private jet..??
cars, boats, condos, vacations, bonuses,.....???
how about if they just re-invest THAT money instead of doling it out monthly or quarterly..??
how about re-investing monies into higher paying investments?
maybe then, like in my case, DO NOT have full replacement value of the home repairs? but rather what the cost would have been maybe 5 years prior...?
my insurance guy(s) had told me, my premiums would be astronomical if i had "full replacement coverage".....as a senior citizen, i cannot afford those premiums. maybe a high falutin movie star can, but not us "ordinary people", so i take what i can and then move into a condo, or trailer park.
i mean seriously, the insurance industry pulling out of disaster prone areas, will not stop, or they will demand higher coverages at higher premiums, with still Limits on coverages.
what then,, a government bailout for them too...????
