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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Tradelite who wrote (41068)9/9/2005 9:55:08 AM
From: JayRead Replies (1) | Respond to of 306849
 
I don't know how your anecdote relates to the cost of relief.

I just used some simple arithmetic: $10,000/day for 100,000 relief workers will pay for the best hotels, a first-class ticket to anywhere in the world, a $10k pump every day or so, a helicopter occasionally plus a big screen TV every other day. This is for every one of 100,000 workers, every day..

Do we see anywhere near this scale of effort?



To: Tradelite who wrote (41068)9/9/2005 7:40:57 PM
From: David JonesRead Replies (1) | Respond to of 306849
 
>>>>poorest and most flooded Ninth Ward neighborhood in New Orleans and meeting up with resistance from "distrustful" residents who still won't leave.<<<<

I'd hap a guess most of these poorest that rent have no insurance coverage. And just possibly some that own have no coverage either.
With the contents of the water being what it is, it's possible everything they leave may be unrecoverable, if the powers that be determine so. They may not be allowed to recover anything. Who knows at this time?