Thread: Houston
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Old 09-01-2017, 09:26 AM   #32
Undertoad
Radical Centrist
 
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
Lest we forget, super-Capitalist big banks are losing equity on most of this property.

When I paid a mortgage, the bank made damn well sure its equity property was 100% insured and not in a flood zone. Why did they not do that here?

Is it because they know Federal disaster money will pay for its rebuilding?
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