PRAY FOR CALGARY

 

Terrible times today for our neighbours down the QEII highway as 100,000 people in 26 communities have been evacuated from their homes due to flooding by recent heavy rains.

Much of downtown Calgary and areas near the Bow River is underwater and there are reports that the Saddledome has been flooded too and that the dressing rooms and the jumbotron have been destroyed.

The Canadian Military has been deployed and the EPS has sent 100 officers to help among efforts currently underway.

DONATE HERE

Obviously as an Oilers fan we loving giving Calgarians a hard time. But there is no joking around in times like these and anyone looking to help can support the Canadian Red Cross here. Alternatively you can call 1-800-418-1111. Nation HQ has made a donation and we encourage everyone to do the same.

Stay strong Southern Alberta and everyone else affected by this tragedy.

  • Tommynotsohuge

    I am wishing all my fellow flames fans down south to please stay safe. You are all doing us very proud by being complete champs about this. There is no pissing and whining from what I’ve heard. Stay strong and be careful. Our thoughts are with you.

  • Let’s all pray:

    Dear God,

    Please help the people not to die in the flood that you yourself sent to southern Alberta. Oh Great invisible man in the sky, please help the people that you tried to kill by flood.

    Thanks,

    Oilanderp.

    P.S. I am available to sacrifice various farm animals to help the cause if it be your unknowable will. I standby keeping my eyes open for completely impossible things to happen, and these ‘miracles’ would therefore be my sign of what you want.

    P.P.S. Please give us a #1 d-man.

    P.P.P.S Please strike down with lightning any of those who are about to post that this post is offensive.

  • yawto

    Here in Calgary we are staying strong and being optimistic. I talked to a guy who let me know the Saddledome was half full. I said, my friend, stay positive, it’s half empty!!!

    In reality, it’s great to see the city come together in a disaster. Resilience is paramount and as Albertans we will all rise from this stronger. I think the weirdest thing as a Canadian is that we have everything so safe and secure seeing the large amount of green trucks filled with men in camo is different.

    • DSF

      The Saddledome will be out of commission for a very long time.

      The lower bowl, the dressing rooms, the ice plant, the scoreboard electronics, the luxury boxes and the concourses have all been destroyed.

      No chance they will get that rectified by October.

      As you say, the resilience of the city of Calgary will be awesome to watch.

    • Hah, an excellent joke, glad to see you haven’t lost your sense of humour!

      I almost ended up living in Calgary during high school, and I’ve been there several times. Hope everything gets better soon, I’d be out to volunteer if I was in the country.

      I’ll be making my donation to the Red Cross later today.

      – Sincerely, a who-gives-a-crap-where-I’m-from-or-what-team-I-cheer-for Canadian

  • DSF

    “In a strange twist the flooding makes the team’s quest for a new building an even more intriguing debate.

    After years of watching the Oilers battle for public money to help build a new downtown rink the Flames are on the verge of announcing their well-developed plans for a new home.

    And while the appetite to spend any public money on a new NHL rink was dampened by a recovering economy and a frustrating lockout it may make much more sense to kickstart the project publicly now given the millions of dollars in damage the Dome has surely sustained.”

    http://cnews.canoe.ca/CNEWS/Canada/2013/06/21/20919261.html

  • The Soup Fascist

    @DSF
    I heard rumblings that the Flames are ahead of the game design-wise. I suspect they have a location in mind as well. Still, it would take at least 2 years if not more to build, yes? I think they will still have to spit and binder twine the saddledome…

  • Captain Ron

    Flood insurance is found on some commerical policies, not on homeowners. But if your damage is from the drains or sewers backing up you may have coverage if you bought sewer back up coverage.
    The province has a program to HELP you repair damages. It will not pay the entire cost of repairs or replacement and only pays for essetials in contents. It does not pay for secondary residences. It will help businesses and communities. The Federal government repays the province for most of the money spent. If you suffered damage watch for the program to be announced and you must apply if you community is elegible.

    • SmellOfVictory

      Did the Coral get flooded too, if not, I can see some games being played there while they repair the Dome if it can be. Interesting scenario if it cant be.

  • UkeeRob

    So a questions for those in the know.

    Pretend I had a $500k home built, and put 100k down and mortgage the remaining 400k. Now the house is floating down the bow river. There is no insurance for flood over which this clearly is the case. Do I walk away from the property and default on my mtg? will/can the bank come after me to pay the balance. Has 20 years of working gone down the drain and i start at nothing again?

    • UkeeRob

      We are bracing ourselves for many of these type of scenarios. The answer is yes, the Bank is going to want payments maintained, even if their security is soggy raw land with some crumbling concrete foundation. Obviously the land value is way below the mortgage outstanding. If you walk away, they will foreclose & your credit will get screwed. Saying that, I expect it will be up to Provincial & Federal Governments to step in, which I cant imagine they wouldn’t, and make some kind of agreement with the Banks to prevent that from happening. When you consider towns like High River with as many people being affected, the cost to the government will be nothing less than a Billion dollars, probably a few Billion if Medicine Hat get hit as bad as us. But there will be losses by everyone involved. You will have to wait & see what the governments announce, this is unprecedented, historic stuff. I don’t think anyone knows how this is going to play out & will take years for the ramifications & stories to be told as they unfold.

      • Yes, the bank can in theory come after you for the balance, but in practice, they probably won’t. It’s rarely worth the legal bills that will be incurred.

        The finance company will foreclose on the land, sell it for lot value (whatever that might be) to offset their loan write-off, and move on.

        Re: flood insurance. My understanding is that in Edmonton, people in Riverdale/CLoverdale/Brickyard can buy flood insurance, but because these areas lie on a flood plain, the cost is prohibitive. I have flood insurance on my house, but because it is not on a flodplain, it is not particularly expensive. The fact that major portions of Calgary lie in low areas may in fact mean that the insurance companies declined to cover it (as a business they have that right; it’s not them “screwing” the little guy).

        So while such a scenario is really sad and I have total sympathy for homeowners that may not have flood insurance, it isn’t like the insurance co’s are backing out of a committment. The coverage was probably never there to begin with.

        • DSF

          Would be interested where you found flood insurance on your home (not sewer back up) and Emergency Management Alberta would also be interested. Unlike the USA where they have the National Flood Insurance Program I am not aware of any Canadian Insurer that writes flood on homes. (It may be possible through a Lloyds special risk program but the cost would be high.

      • UkeeRob

        No, just in shock, and it hits home how easily life can get ripped apart. Hockey seems secondary(if you can believe that)and hopefully 3 months down the road it will become a joyful little distraction for the good people down south.

        • I worked in Calgary’s Inglewood for five years. Every day going to work I couldn’t help thinking how little elevation difference there was from the river just a few hundred meters away. I mean, people had homes with the river literally outside their back door. Big spring runoffs were panic time every second year.

          I hate to say it but this was bound to happen. No wonder nobody could buy flood insurance. Not sure I’d make that bet for a nice location.

          • Captain Ron

            Not sure if anyone else mentioned this to you already but Inglewood did not flood. Might have been a little bit of sewer backup here and there but from what I understand there was no major flooding there at all. They have a dike in place to prevent that from happening.

            I’m originally from Wpg and I have been through a few floods. Never in my widest dreams did I think downtown Calgary would go under water like that.

            Also regarding flood insurance it is my understanding that “overland flood insurance” is not available. Sewer back up is covered a part of your Comprehensive package on your home insurance if you included that option.

  • And yet some will argue it’s the government’s fault. To tell you the truth, I’d rather see my taxes go to filling potholes than building fancy arenas for millionaires.

    I bet most people up in Canmore never even thought once that they might get washed out one day. Are they stupid, unlucky, more money than brains. I guess that is why we coined the term “act of god”

  • The Soup Fascist

    My state of Indiana has been in your shoes, Alberta.. we know how much it hurts and the anxiety that goes with such floods. Our hearts go out to you and our prayers are with you.
    Stay strong.. you’ve always been strong.
    My very best to you and yours during this trying time..

    Sincerely,
    Helen LaMontagne

  • DSF, remember, 3 post max rule. No one cares that you lived in Calgary. I also live in Calgary but I have common sense and I am not a royal jacka$$. Stop turning the devastation into a reason to argue with people. You are such an unbelievable a$$. Did you even get your high school diploma?

  • There are a number of people on here giving out legal analysis/advice who should not be doing so.

    Spreading misinformation is not helpful in the least right now, so it would be great if maybe people avoided that topic when they have no idea what they are talking about.

        • First, you are incorrect referring to my statements as legal advice. Anyone acting solely on information provided by a blog comments section would be daft.

          Second, I work in corporate finance and am well-versed in banking – both commercial and personal. I’m comfortable with my comments.

          What did I get wrong?

          • Just stop. You do not know what you are talking about and you should stop in case anyone here believes you do.

            What did I get wrong?

            The first thing that comes to mind is:

            Yes, the bank can in theory come after you for the balance, but in practice, they probably won’t. It’s rarely worth the legal bills that will be incurred.

            The finance company will foreclose on the land, sell it for lot value (whatever that might be) to offset their loan write-off, and move on.

            If you just spent 30 seconds with the LPA you would know what was wrong with your statements.

            You have no idea how foreclosures work. Stop it.

            There very idea that working in “corporate finance” qualifies you to talk about the foreclosure process is absurd. Futher, in my opinion if you really worked in corporate finance you would know better than to consider the foreclosure process “banking” but I’ll allow that it may have just been a poor turn of phrase.

            Please just stop.

          • Oh dear. Please tell me you aren’t a lawyer.

            If the mortgage is high-ratio ($400/$500) would mean it is – then yes, the individual is liable if there are monies owed after foreclosure of the property.

            Next, if the mortgge is low ratio and registered as a collateral (vs. a conventional) mortgage – then the individual can also be liable for monies owed after foreclosure.

            Stop. Just stop. This is painful.

            Commercial banking and retail banking experience (10+ yrs).

            Thanks for allowin me my “turn of phrase”. Lesser mortals (who just proved you wrong) appreciate it. If any of my shorthand is unclear, forgive me. Typing this much on my Galaxy is tough.

  • Exception? The overwhelming majority of mortgages are high-ratio or collateral.

    I’ll admit i’m wrong when i am, but you just did a masterful job of ackowledging i’m right. Thank you.

    I have no issue being wrong. It happens to everyone – including you. Stay humble!

    Have a good night. I’m satisfied. You should be too.

    • Screw it. I’m not in the mood for a vapid semantic argument. It has been a very long few days and I’m not taking the time now.

      If the rule is “X” unless “a”,”b”, or “c” which causes “Y”, then the rule is not “Y” just because you believe it’s more likely.

      There is not a shred of accurate information in “banks can chase you for deficiency but they usually won’t because it costs too much” unless you have accurate information about the facts of the situation.

      That you are still trying to defend this idea is just stupid. You can think what you like, but I would strongly encourage others to obtain peoper advice if they need it.

  • Been a Broker & Lender for 25 years & before that ran the foreclosures after the NEP for 6 years. High ratio mortgages(insured) have covenants & lenders can pursue deficiency judgements for the total amount owed to the lender. Many monoline lenders these days like MCAP/Street Capital, RMG Mortgages to name a few insure all their mortgages, even if they are conventional as they will self insure the mortgages but the borrowers don’t pay any insurance premiums. Banks like TD register all their mortgages as collateral mortgages so they can chose pursue the covenant(borrower) or if you have a line of credit that was secured by your house, then that is also a collateral mortgage as well. All your arguing is mute, as the governments will step in as it wont be in their best interests to sit back and watch Canadians credit get screwed up & Banks losing this kind of money because of a natural disaster. Its not good economics & its not good politics.

    • This is amazing.

      I ask people to please avoid making inaccurate blanket statements about legal matters like foreclosures and everyone takes it as an invitation to explain how very much they know.

      You “ran the foreclosures”? That’s an interesting description of a guy who calls the lawyer to ask if he will please foreclose on somebody.

      • “That’s an interesting description of a guy who calls the lawyer to ask if he will please foreclose on somebody.”

        Wow. If that’s what you think that is all I did, whatever. Be sure not to confuse what you think is knowledge with ignorance.

        • It doesn’t matter what your other duties were. As it pertains to foreclosing on a homeowner that’s about as far as you could go unless you count swearing an affidavit.

          If you were so important to the foreclosure process why don’t you fill us in on all those valuable things you did?

          I don’t understand how 2 guys who think things are so cut and dry are trying to prop themselves up as experts.

    • Captain Ron

      Irrelevant of some others who are questioning your credentials and knowledge your explanation of the possible outcome makes perfect sense. Certainly there is some merit there.

        • Captain Ron

          And the problem with that philosophy is that people will interpret information they way they want to. It doesn’t matter if it is 100% correct or not.

          In this case I look at what Kevin R had to say and think to myself that it is plausible. I am not assuming that he is 100% correct in his assessment.

          The internet in general is full of inaccurate information and neither you or I can control how people interpret what they read whether the information is correct or not. Even if you were to post information that you know to be 100% correct there are many that would still question you and tell you how wrong you are and how right they are regardless of the facts.

          If you are looking for altruism and perfection the internet is not a good place to find it.

          • This isn’t like telling people about a new way to get stains out of their jeans. It certainly isn’t a matter of our interpretation because these issues have been interpreted in some detail by the courts already and it’s their interpretation that counts. What these guys are saying comes very close to legal advice, and I don’t think it’s out of line to ask them to stop given the context in which they are making these comments. It certainly doesn’t equate to any type of search for perfection.

            Broad statements like the ones they are making are useless at best, and dangerous at worst. Why make them? Plausibility is irrelevant.

            Believe me, this is the last time I will ever ask someone to try and be decent online, or likely even try to have a serious conversation about anything, because apparently nobody cares about having the right information, just about being right at all cost.

            It’s funny because when it comes to things that don’t really matter, like sports or music, I love to argue and will do so all day. When it comes to more serious matters, unless it is purely a matter of opinion, I would rather have correct information.

            Whatever. Listen to what the plausible guy said if you like. I’m not going to run around telling people what I do for a living in a desperate grasp at validation. It makes no difference to me.

  • The Soup Fascist

    I have watched nearly episode of Law and Order not to mention viewing “My Cousin Vinnie” several times (God, Marissa Tomei was hot in that movie) ……. so when in comes to “lawyering”, I think I know of what I speak …….

  • Rambelaya

    And for those wondering about federal dollars going to repair the Saddledome – I have no doubt it’ll be fixed before some homes are, but it won’t be with federal money. They have commercial insurance (including flood) and some poor company will be paying through the nose to take care of it, not the feds.

    PS – I heard this morning they’re already pumped 300,000,000 gallons out of the Dome. Yowsers.