Asklemmy

43811 readers

922 users here now

A loosely moderated place to ask open-ended questions

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

135

submitted 11 months ago by Confidant6198@lemmy.ml to c/asklemmy@lemmy.ml

113 comments fedilink hide all child comments

Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

you are viewing a single comment's thread
view the rest of the comments

[–] HipsterTenZero@dormi.zone 30 points 11 months ago (1 children)

You can get eminent domain'd or your house could be destroyed by natural disaster, house fire, etc.

[–] basic_spud@kbin.social 7 points 11 months ago (1 children)

In theory, in the case of eminent domain you get the value of your home paid. In practice... its often not enough to actually buy a similar house.

[–] snooggums@kbin.social 7 points 11 months ago

You get a government set rate for the house, not what it could sell for on the open market.