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Old 01-02-2013, 11:27 PM   #24
elsolo
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Quote:
Originally Posted by GreenEnvy View Post
My bad... musta been this line which you so clearly put.
I took it you were talking the owners losing their investment, or who were you talking lose their investment?

So you want the government to pay the current owners of the vehicles, or should they be forced to lose their investment?


The current owners of those vehicles are the insurance companies that bought them from their clients.

The current owners have all the right in the world to return as much value from those junk cars as they can, by auctioning them off for scrapyards or restoration.

If there were some law preventing flood damage vehicles from being sold as flood damaged vehicles (as was suggested), then the current owners of the junk cars get screwed when $2000 junk parts car becomes $40 worth of junk steel.
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