August 03, 2022
The Kindness of Banks
David Nabhan
Who says banks, insurance and mortgage companies are heartless and hard to work with? Here's an absolutely AMAZING fact. With tens of millions of beachfront properties in the US alone, from Malibu to Martha's Vineyard, not one--not ONE!--has ever been declined the services of any of those institutions, stamped "rejected" owing to those properties obviously being doomed to go underwater by "sea level rise." What champs of those companies to take it on the chin like that!
Who says banks, insurance and mortgage companies are heartless and hard to work with? Here's an absolutely AMAZING fact. With tens of millions of beachfront properties in the US alone, from Malibu to Martha's Vineyard, not one--not ONE!--has ever been declined the services of any of those institutions, stamped "rejected" owing to those properties obviously being doomed to go underwater by "sea level rise." What champs of those companies to take it on the chin like that!
Posted by: Timothy Birdnow at
08:39 AM
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1
Yep. Absolutely amazing.
Posted by: Dana Mathewson at August 03, 2022 02:32 PM (z7Oco)
2
And if there was a problem with rising sea levels they would deny loans. You can bank on it!
Posted by: Timothy Birdnow at August 04, 2022 08:29 AM (3BNSK)
3
Absolutely. We've written about this before. Banks aren't in the business of losing money.
Posted by: Dana Mathewson at August 04, 2022 03:35 PM (z7Oco)
4
Prezacktly Dana! If there really WERE rising sea levels they wouldn't lend the money.
It's why houses in flood plains are generally cheaper than those that are not. It is much harder to get a home loan for a house located in a flood zone. And you pay more. But beachfront property?
It's why houses in flood plains are generally cheaper than those that are not. It is much harder to get a home loan for a house located in a flood zone. And you pay more. But beachfront property?
Posted by: Timothy Birdnow at August 05, 2022 07:51 AM (E5hO+)
5
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Posted by: Kanpur Matka at September 20, 2022 04:55 AM (MbKbv)
6
Here's an absolutely AMAZING fact. With tens of millions of beachfront properties in the US alone, from Malibu to Martha's Vineyard,
Posted by: Fake Watches at June 19, 2023 09:46 PM (0b23z)
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