Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - City wrecked my fence, need quotes for the claim

Cecil Terwilliger · 06-05-2021, 11:59 AM

I don’t really get the examples being thrown around.

Garbage truck crashes into my car, they fix my car.
Garbage truck totals my car, I get depreciated value for my car.

But if garbage truck crashes into my house, I get depreciated value for the damage but it doesn’t get fixed? How does that make any sense? Especially on houses which appreciate in value. Unlike cars which are a depreciating asset. Like I get the structure itself has a lifespan but the overall value is higher, so how do I get stuck with a hole in my house and not enough money to fix it? And now I’m stuck with a house that has a hole, not enough money to fix it and my asset is worth less than it was before because it has a giant hole in it.

06-05-2021, 11:59 AM	#57
Cecil Terwilliger That Crazy Guy at the Bus Stop Join Date: Jun 2010 Location: Springfield Penitentiary Exp:	I don’t really get the examples being thrown around. Garbage truck crashes into my car, they fix my car. Garbage truck totals my car, I get depreciated value for my car. But if garbage truck crashes into my house, I get depreciated value for the damage but it doesn’t get fixed? How does that make any sense? Especially on houses which appreciate in value. Unlike cars which are a depreciating asset. Like I get the structure itself has a lifespan but the overall value is higher, so how do I get stuck with a hole in my house and not enough money to fix it? And now I’m stuck with a house that has a hole, not enough money to fix it and my asset is worth less than it was before because it has a giant hole in it.