||[Jan. 11th, 2019|12:00 am]
Today I squandered some more money at Kmart andnow have four more shirts, a set of kitchen knives , some little clippy things I can use to close bags of things like chips, and four plastic storge containers. Oh, and a box of envelopes. Did anyone know they still made evelopes? They are not used for email, so are nearing obsolecense, but aren't quite there yet. |
But I still have no hangers for my shirts, nor a teakettle. I did also stop at Trader Joe's to pick up a carton of orange juice, which I forgot to get when I went shopping last week. Turns out Trader Joe's always has orange juice for $2.99, which is the sale price at most stores. If it's any good I won't have to worry about running out any more, since it's just down the block and across a big, ugly parking lot. $2.99 is also thier regular price for butter, which I haven't tried yet, but I will.
I guess that counts as a productive day. Tomorrow I have to go to the bank and make some arrangements about automatic transfers and settingup a CD for the rebuilding part of the insurance money. Not that I could afford to rebuild, or would want to rebuild there, but if the real estate market tanks again I just might be able to eventually buy a smaller house somewhere and stop being a renter.
Due to the various activities I didn't get much time looking at cat photos today, but I'm going to go do that now. It's late and I'm tired, but the cats, if any survive, deserve my attention.
I don't think I've got a proper spellcheck program on this computer. MY entries have been loaded with typos and misspelling lately. A tiny laptop screen and failing eyesight don't help, of course, but spellcheck would catch at least some of those mistakes. I wish I could remember which one I had on my burned computer. I really liked it.
So what happens with your property? You get rebuilding money from the insurance, and can choose whether or not to rebuild? And if you don't rebuild, you still own the land and can sell it down the line?
According to my brother's granddaughter who dealt with the insurance for us (she used to wrk in the business) we are not reuired to rebuild. The payout consisted of four parts: the loss of the building, the loss of the contents, about $15,000 for cleanup of the property (all of which wil have to be used, but no more since the State is picking up any cost for cleanup above what insurance provides) and money for loss of use, which is what I'm apying my rent with. We do still own the vacant lot.
If I wanted to rebuild my problem would be that since the property was jointly owned by me and my older brother an sister, and they pretty much just took thier two thirds and ran, I wouldn't be able to afford it. By the terms of our parents' will I was allowed to live in the house as long as I wanted, since I had lived there for many years and looked after them in their old age (with quite a bit of daily help from my sister and occasional financial assitance from my brother, who paid for a paint job, a new roof, and the replacement of part of the fence.) Now that the house is gone the intent of the will has become moot. In any case I still own a 1/3 interest in the lot itself, which will provide a bit more money when it is sold.
But once the "loss of use" money from the insurance is gone my income won't cover both rent and minimal living expenses, so at that point I'll be up Butte Creek (as it were) without a paddle unless property prices come down enough that I can afford to buy a place that, hopefully, will not be a total sty. It doesn't look promising.
Could you put some sort of small modular home on the property? You could probably do that for a reasonable cost-certainly much less than buying a house.
I only own a 1/3 interest in the lot, and I'm pretty sure my brother and sister will want to be selling it eventually. Also I'm not sure what sort of construction the town will be allowing there. The building codes were pretty lax in the past, and they got burned by that (heh, see what I did there? Gallows humor!)
I've looked into modular houses and while they are somewhat cheaper than new site built houses, the greatest savings come with larger buildings. When you get down to something as small as I'd be looking for the advantage is greatly diminished. It's likely that I'd be better off buying an existing house that isn't in the best shape cosmetically, but not falling apart, if I can find one. New construction is new construction, even if partly factory built, and that's more expensive than a lot of existing construction.