Energy Investing - Who’s on First - Energy Investing - InvestorVillage


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Msg  501862 of 552049  at  6/5/2023 1:48:50 PM  by

makemoneyinoilandgas


 In response to msg 501854 by  batman10023
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Re: Who’s on First

Don't forget a property insurance. It is not a small thing any more.
 
As it supposed to cover a complete rebuild, with much higher cost of materials and labor (which may not be available in needed quantities), the insurance would have to cover your staying in a hotel for much longer.
 
Our own home insurance has jumped by 30% YOY - without any claims, not being in a danger area, with home alarm, no pools or vicious dogs, etc.
 
And if I remember correctly, there were two major ratios in determining your maximum loan amount. The second was 3 times your gross annual income. So, $170K would not cover a $600K loan.


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