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by datascienced
805 days ago
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Not sure why the downvie guys! Say you buy a $800k prop but $400k is land value. Layer it is $1.6m of which $1m is land value. They can huff and puff and blow your uninsured house down, and you now have a $1m development lot. Now clearly it is better to be insured, but insurance doesn’t always come through so this is a hedge. tldr; location cubed |
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