81–90 of 317 posts
I’m stunned by the idea of making the pawn shop whole. As I understand UK law, if you buy stolen goods, the original owner can just claim it back and you take the loss - simply to discourage buying with knowledge it was stolen. I guess the pawn shop would go out of business but it does seem if you let them act as a fence you are solving for the wrong problem
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Having to pay the fence to get your stuff back is so California. In the more civilized states pawnbrokers are expected to know the risks of buying potentially stolen property, and if they do they get to eat it. Maybe that's why property crimes short of grand theft aren't really enforced in California?
Earlier quoted context omitted.
I've always wondered how expensive a good insurance policy is. One that is actually good for you the policy holder and enforced by contract. Like no haggling over market value because the items are insured for specific amounts.
The international code of insurances says goods cannot be insured for more than their worth. The intent was to avoid perverse incentives, the result is our current society.
I would love a clause in the contract where for non-rare goods you have the option to have the insurance company make you whole by buying you a same model, same trim or higher, same miles or lower, same year or newer car. Like you claimed the market price was less then half of what I can buy it for, use whatever contacts you clearly have and buy it for that.
Insurance is for you and you should pick it from your own choice of company and you should tailor the policy for your own needs.
Same with financing.
In my case, I get a lot of my insurance from a guy in my town and he has an office that I can walk into if I need help.
I used to work security and making rounds in a place like this would give me chills. Running into thieves at 3 in the morning is one of the most terrifying things you will ever experience.
How did you deal with such terrifying situations?
Granted, the equation changes dramatically when various drugs are involved.
Earlier quoted context omitted.
> No, their job is to accurately calculate the expected value of the losses, then collect a premium slightly higher than the expected value, turning an unpredictable, potentially high loss into a predictable small one. Reverse gambling, basically. No, premiums don't need to cover payouts. You have to pay the premiums before you get any payouts, so the company invests them and makes money that way.
That's still basically the same thing if you take into account the opportunity cost of the premiums rather than the raw dollar value.
I used to work security and making rounds in a place like this would give me chills. Running into thieves at 3 in the morning is one of the most terrifying things you will ever experience.
There are a million reasons why you should never do this, but I would be tempted to use storage unit #3 as the place to keep my land mine collection. Edit: “You have a land mine collection?” No, but after storage unit #2, I’d daydream about starting one.
- you're hit by a bus, and your family is clearing out the storage locker.
- management is alerted to a bad smell coming out of several units, and they have to enter yours to verify that you're not accidentally storing dead raccoons.
- the police are serving a warrant on a unit, and accidentally open yours due to a typo.
- a homeless teenager just needs a place to sleep for the night.
If the fees wouldn’t cover replacement of the contents within 6 months, they are too valuable to store in a storage unit.