Posted on 06/01/2005 8:55:57 AM PDT by Howlin
LAGUNA BEACH, Calif. - A landslide sent at least five expensive homes crashing down a hill Wednesday and may have damaged many others.
Fire department personnel had no estimate of the damage, and there was no immediate word on whether there were any injuries.
Television helicopter footage showed smashed homes on heavily built-up Flamingo Road. The earth was still moving beneath the homes. Some fell nearly intact, while others were ripped apart and left trails of debris.
The steep coastal area has had slide problems before and several homes were "red-tagged" as uninhabitable in February, during the second rainiest season on record in Southern California.
Laguna Beach is about 50 miles southeast of Los Angeles.
True enough. One hing about insurance companies, for the most part they will sell inssurance for anything, provided they can realize a profit in some fashion, whether it be the event never happens, or if it does, that a portion of the small print doesn't have every i dotted, t crossed, giving them a legal "out".
house = houses
I won't build in Florida either.
When I bought my place in north Laguna, my lender, from its geologist's recommendation, required I run caissons down almost twenty feet into the bedrock to reinforce the foundation. Huge and costly job but probably worth it in the long run.
Everyone is saying they over built this area. Look for even less homes, and building restrictions in Cal in the future.
Correction: The house on the far right looks like it's under construction, but not the other one.
Click a live video link:
http://www.nbc4.tv/news/4554840/detail.html?rss=la&psp=news
Yeah, but what happens to the value of your home when the ground under it disappears?
Thanks.
Matthew 7:26.
The victims of the mudslide were shocked and outraged when presented with the heavy fines for not properly registering their mobile homes.
As the insured will be looking for any minute reason to collect more money
Hopefully the insurance policies are clear as to what is covered and what is not covered
You owe me a soda, mine just shot out of my nose.
Property tax bills list the land and buildings with separate values.
Can't be seen interfering with the news, especially after that news babe stomped that squirrel or something to death. When asked why he didn't offer that bit of advice, the newsie said, "I can't be a human being, I'm a journalist!"
I don't think insurance policies cover the ground--just the building. Have there been any reports of injuries?
I don't think most homeowners chose to insure the ground.
What an eyesore those houses must have been. Ugly little boxes.
Imagine paying all that money, and having to look at something as ugly as that right next door.
I think I'd jump off a cliff.
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