Posted on 01/30/2019 7:44:36 AM PST by SeekAndFind
You should move now while you can still get top dollar for your house. Waiting until the rate break for solar goes away, and it will, you are going to get crushed when you sell.
Which is just a play on Chapter 20 (which uses a Chapter 7 to get total debt down to a level where a Chapter 13 can be filed. Same, but less common, with a Chapter 19 (7 then 12).
Indeed, Chapter 22 isn’t a common term in the industry; more frequently referred to in my circles as a serial filing, an abuse to stave off creditors, which isn’t what happened here.
Let the Cali Pols continue to screw things up while sane people leave. Then let them be their own country. Same with Puerto Rico.
The solar panels represent 1.5% of the current value of the house.
I live 1.5 miles from a brand new regional campus in development for one of the fastest growing tech companies in the world.
My house went up 20% in value last year, BEFORE anyone knew about the new campus. I have a target price, only a fool would sell now over solar panels.
Now there's a surprise. That helps soften the rate-payer's increases by passing off the cost to those who don't use electricity. Which is nobody. It does place The Party (might as well start referring to the Kali government that way because it's the truth) not just in control, but in possession of the system. In Venezuela they managed to crash their hydroelectric system in about a decade that way. Now they're selling stolen parts on the black market to feed their kids.
I see the usual crowd is blaming climate change for the brush and trees growing. They'll be demanding that since other states are responsible for climate change, those other states ought to be taxed as well. Best of luck with that. But the money has to come from somewhere:
...there will likely soon be a huge political firestorm when the court "in the normal course" grants PG&E huge residential rate increases to pay for state's politically mandated renewable energy conversion.
Or they can maintain artificially low prices and run at a deficit indefinitely, which is what socialist governments tend to do. What they run out of then is electricity.
Won't matter in California. I've had some experience with California jurors. They don't think like normal people.
Good for you. You hit the jackpot regarding the increased value of your home. When it’s time to leave CA, you will have great options.
John and Ken KFI 640 radio show they had a lawyer on who represents many from this fire and earlier fires 2015 and on who says that Pacific Gas & Electric has the money but filed bankruptcy to pay off the creditors and not the people who lost everything.
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