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How the govt wastes our money -example

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Restrain

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Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
My son recently spent a long (semi-forgotten :D ) weekend in New Orleans. While there, he took the "Devistation" tour. Part of the tour was near the levee in the 9th Ward. He saw some frame homes jacked some 17' in the air. Now, we're not talking "Stilt-homes" like you see along the coast. They took plain cinder blocks, stacked them, single row, appx 8 columns total, 17' high. Now we've all seen the manufactured homes swaying in the breeze about 8-10' up for one reason or another. You can just imagine what this looks like.

The odd thing was (as if the sucker stuck in the air wasn't odd enough), there was no access to the home (stairs, etc), no plumbing, no electricty. The people were still living in the FEMA trailer in the drive.

Seems that there were $30K Federal grants to elevate the homes 2' above the flood plain....which was 15'. So, the homeowner paid a contractor much less (rumored at $5K) to jack the home up...and pocketed the rest. But when they jacked the home up, they found out that since the sucker was elevated on the cinder blocks, they couldn't get homeowner's insurance for the home. So, they can't get a mortgage to fix it, they can't get city services to it, and they can't sell it since they can't get a loan.

Talk about throwing money down a rat-hole. So when you file your taxes next time, just remember what they are really going for. Not for roads, not for the military...it's for waste like this.
 
Joined
May 2, 2006
Professional Status
Certified Residential Appraiser
State
Ohio
Seems that there were $30K Federal grants to elevate the homes 2' above the flood plain....which was 15'. So, the homeowner paid a contractor much less (rumored at $5K) to jack the home up...and pocketed the rest. But when they jacked the home up, they found out that since the sucker was elevated on the cinder blocks, they couldn't get homeowner's insurance for the home. So, they can't get a mortgage to fix it, they can't get city services to it, and they can't sell it since they can't get a loan.


But they WILL find a retard appraiser to do a 1004 on those houses for $125.00
 

Austin

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Virginia
My niece and her husband had to have a place to live while their new home was being constructed as they demolished the old house to erect the new one. They purchased an old dumpy camping trailer and lived in it for almost a year. It was a dump ready for the scrap yard. Guess what they did with it? Sold it to FEMMA for a bundle, FEMMA hauled it to New Orleans and parked it in a field with about 30,000 more campers they had purchased that no one was allowed to move in for some reason.
 
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