Does anyone here know anyone that has had the copper stripped from their house?

Discussion in 'Bullion Investing' started by webstandardcss, Dec 8, 2010.

  1. webstandardcss

    webstandardcss New Member

    Question: Does anyone here know anybody that has had the copper stripped from their house?
     
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  3. Ginger1

    Ginger1 Member

    Some homes worth less than their copper pipes.Thieves smashed the window to break in and then gutted the property for its copper pipes -- a crime that has spread across the United States as the economy slows and foreclosed homes stand empty and vulnerable.But i have no idea.
     
  4. Lilly

    Lilly New Member

    I saw an old style chandelier made from copper its like 50 years old chandelier. Its big and heavy! Thieves will find hard to steal it up in the ceiling
     
  5. webstandardcss

    webstandardcss New Member

    Do you think the homeowner could be the thief to get the insurance money, or the foreclosed owner could be the thief when its no longer his home or am I just being cynical?
     
  6. ahs1987

    ahs1987 New Member

    Thats news to me seriously lol i didnt know about it , houses having worth lower then the copper pipes installed sounds weird lol
     
  7. Guardian1

    Guardian1 New Member

    The day my mother signed the papers for a house she bought last year, the house was broken into and all the pipes and wiring were ripped out of the house. I say it was an inside job (seller) but the house had been empty for a few years too. Who knows.
     
  8. Ginger1

    Ginger1 Member

    I heard the story from news paper. I do wonder what exactly it is!
     
  9. Coin Chick

    Coin Chick Loves Gold

    I could see some people being sneaky and trying to pull one over on the insurance company.
     
  10. Ginger1

    Ginger1 Member

    I don't think so.It has happened in US only.
     
  11. Guardian1

    Guardian1 New Member

    Only that we know of. It could happen elsewhere, just not reported.
     
  12. Peter T Davis

    Peter T Davis Hammer at the Ready Moderator

    I think the insurance fraud thing might be specific to the USA, but I have heard about houses being ransacked for the copper in the wires and pipes going on in Europe too. I'm sure wherever copper is used in housing that this type of theft will be a growing problem.
     
  13. Coin Chick

    Coin Chick Loves Gold

    Well, no matter where it happens it is wrong. I do not care if it is in the US or not.
     
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