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johnwilliamson062 · June 12, 2016, 10:26 PM

Theo,
I'd bet more than a few here own firearms exceeding their house value. I'd bet most of those don't have a $230,000 house.
I live in the midwest. $280,000 can get you about 4000SF in a pretty decent neighborhood. 2000SF in the best. Not a fixer upper either.

A fixer-upper in a bad neighborhood can be had for $5000.
A double wide nearly free if you pay the lot rent.

I do agree with you though. The basic insurance should cover most peoples EDC and a goto long-gun. Everything else shouldn't cause much hardship if it is lost and insuring is a net-loss on average(30% or so).

June 12, 2016, 10:26 PM	#16
johnwilliamson062 Junior member Join Date: May 16, 2008 Posts: 9,995	Theo, I'd bet more than a few here own firearms exceeding their house value. I'd bet most of those don't have a $230,000 house. I live in the midwest. $280,000 can get you about 4000SF in a pretty decent neighborhood. 2000SF in the best. Not a fixer upper either. A fixer-upper in a bad neighborhood can be had for $5000. A double wide nearly free if you pay the lot rent. I do agree with you though. The basic insurance should cover most peoples EDC and a goto long-gun. Everything else shouldn't cause much hardship if it is lost and insuring is a net-loss on average(30% or so).