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Heck, I'll insure you myself for a price How much are you willing to pay and for exactly what protection?
What's the current value of each? Are you wanting protection for every $ drop from current value (or some other price)?
Sorry, but $5k premium doesn't cut it. That's an implied volatility of about 9.5%.
I reckon you'd be looking at between $20 and $40k pa (20-30% IV), for someone to bother taking on the risk.
btw, limiting the protection to $250k would make little difference to the insurance premium. Having the insurance 'cut in' at a lower price than current value, say $450k, might (roughly) cut the insurance in half though.
See this thread.Interesting that this sort of thing is readily available for shares, but not houses (that I know of). I guess it is the known value (and history), and uniform specs of shares that make it easier and hence more common.
well, let me know what you can do. remember, it only goes up, just ask any real estate agent anywhere in the country...
hmm, that's funny, it doesn't seem to matter how many RE agents I talk to, they all say it only ever goes up. Can't understand it. It must be true. I didn't say SSers always say it, now did I? Only REAs... who make fantastic gains called commissions when they always repeat the same line...You need to get out more, and talk to a few different agents. I just don't understand why some folk who post on here think that we all think houses cannot go down. Just so that you know, we do know this, many of us have lived through it more than once, but have still made fantastic gains in spite of it.
hmm, that's funny, it doesn't seem to matter how many RE agents I talk to, they all say it only ever goes up. Can't understand it. It must be true. I didn't say SSers always say it, now did I? Only REAs... who make fantastic gains called commissions when they always repeat the same line...
Ah but as an investor I am very flexible in what I buy, I don't need to buy number 2 Fred St. I can broaden my search and look for deals that meet my criteria, I don't need to buy today or next week.e.g. you cannot control which properties come onto the market at what price and in what location
would you care to expand on this? Why such a big deal about this one building on a bit of land?I need insurance for a specific property I want to transact.