Page 2 - Replacement Value News Today

You compare new orleans east with the lower ninth ward. how were people treated differently? >> it came down more to class. there was a program called rode home, $10 billion program in u.s. history but the formula was based on appraised value. the worth of the home at the time of kat kat rather than replacement value. basically a home in the white community was appraised at twice the worth of a home in in black community so everyone, lower income blacks, working class blacks, middle income black...

Replacement value the 30% of the countrys work that is done in the household. and taking care of children. taking care of -- at replacement value. and make that tax deductible if we pay taxes. and if were too poor to pay taxes we can -- >> rebate it? >> yes, we can make it refun refundab refundable. youre talking about future priorities. so far, we have tried to get equal pay for what is counted as work because men could do it. >> right. >> so the work that men dont do is completely invisible. s...

Including all of these affected by the storm, connecticut, massachusetts, rhode island, virginia, insurance companies are allowed to have a special hurricane deductible that applies only to hurricane damage and one to 5% of the insured value of the home. so if you have a $200,000 insurance policy and youve got a 2% hurricane deductible, youll be responsible for $4,000 out of pocket costs before the insurance actually kicks in. so its a replacement value versus a standard amount of 500 or $1,000....

Gotten so much publicity and do you think youll still have to go to court after receiving that phone call? >> no. there wont be a court appearance next week because the first thing that happened is when the story broke here locally in the "enquirer" wells fargo overnighted me a check the very next day to pay off the judgment. so they have paid their judgment and as such i cant foreclose on them anymore, which i have mixed feelings about. im certainly happy to have the money, but the prospect of ...