Quote:
Originally Posted by BCTed
And what if nobody will sell you insurance because of repeated flooding over a number of years? What if you have been dutifully paying your taxes and expecting appropriate sewer service, but are now left holding the bag because of the city's demonstrated prolonged negligence?
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I'm perfectly fine with that. Any number of things could happen that could hinder the value a real estate investment has. If you can't stand the risk, don't buy.