Dear @minismallholding
I wonder how serious are people living in your area about issues related to climat change. I only can assume that you're all taking it very seriously.
Thousands of homes have already been lost in those ongoing fires and I'm struggling to find a number on the death toll.
That's just so sad.
Would you mind telling me, what usually does happen if house is burn to the ground and owners are being left with long morgage?
Usually if you don't pay your morgage, then bank will take over and sell your house, right? But what may happen if you will stop paying because your house and everything you had is gone?
ps. I kind of drained my voting power so just a small upvote on the way.
Yours, Piotr
If you have a mortgage in Australia, then the provider demands that you have insurance to cover the building. So if it's burnt down then you claim on the insurance, which will cover the cost of rebuilding. Naturally, you'll still be paying the mortgage, but you will also have your home repaired our rebuilt. Or if you can't rebuild then the insurance money would cover the cost of the house and you'd pay the mortgage provider whatever you owed them from that.
South Australia, the state that I live in, is actually moving forward quite well in many ways towards renewable energy and we have new regulations coming in to stop the use of single use plastics. This seems to be well received by most of the people here, which is promising.
Late thank you for your reply @minismallholding
I would also like to take this opportunity to wish you ... great and safe upcoming celebrations.
Hopefully 2020 will not be as difficult (for us all) as many predict :)
Cheers, Piotr