Brooks & Crowley - June 2021

Drowned by Beer: The 1814 London Beer Flood

Drowning from beer became a real and dangerous cause of death in 1814, when the iron rings on massive vats of beer snapped loose. This bizarre, tragic event claimed the lives of eight people. Here's the story about the time a tsunami of hot, fermenting beer came pouring down on densely populated streets of London. An ‘Act of God,’ London courts proclaimed. In St. Giles, London, the Horse Shoe Brewery stood at the corner of Great Russell Street and Tottenham Court Road — which is nearly in the exact middle of London. They had 22-foot-high wooden fermentation tanks installed on the premises, held together by massive iron rings. These vats held over 3,500 barrels of brown porter ale, which is a beer similar to stout. During one busy afternoon on Oct. 17, 1814, an iron ring around the tank snapped. An hour later, the whole tank broke open, releasing hot, fermenting ale with such incredible force that the back wall of the brewery collapsed. It also crashed open several more vats, releasing nearly 320,000 gallons of beer into the area.

prostitutes, criminals, and the destitute. Eight people — Irish mourners in a basement, a mother and her child, and a teenage barmaid — were killed. Despite the dangers, some people scooped up as much liquid as they could in whatever containers they could find. Consequently, a ninth death was reported days later due to alcohol poisoning. Were there consequences for the brewery? The streets of St. Giles smelled like beer for many months afterward. The flood cost the brewery over £23,000 pounds (£1.25 million pounds today), but they were able to reclaim the excise duty paid on the beer and were granted £7,250 (£400,000 today) as compensation for the barrels of lost beer, which saved them from bankruptcy.

But what about the deaths? Although the brewery was taken to court, the London courts ruled the flood was an “Act

It created a 15-foot wave of beer and debris. The flood swept through the St. Giles Rookery, a

of God,” and the eight victims had lost their lives "casually, accidentally, and by misfortune.” Nobody was held responsible. We’re not so certain the Horse Shoe Brewery would’ve been as lucky in American courts! Thanks for joining us in remembering this very strange historical event, and we’ll see you next month.

densely populated London slum filled with cheap housing inhabited by

How Solar Panels Could Slow (or Stop) Your Boston Real Estate Sale

of the system (the energy that the solar panels generate) for the term of the contract, which is generally around 20 years. Under these arrangements, the solar leasing company owns and maintains your solar panel system so it, not the homeowner, is entitled to all the rebates, tax breaks, and financial incentives that are available for the solar panel system. Consumers may indirectly benefit from those savings through lower electricity rates. Despite the advertised benefits, many buyers will want the seller to buy out the remaining lease for them. This could cost $20,000 or more, depending on the contract. When the solar panels are leased and not purchased by the homeowner, many buyers will view this as a negative feature rather than a positive one. Like any leasehold, the solar panels are the property of the lessor and not the lessee, so the

buyer must now assume the lease payments for the remainder of the term. Buyers are often worried the equipment will have maintenance costs or will become obsolete over time or simply believe the leases are really bad deals. If an assumption is agreed upon, the buyers need to qualify for their own lease, meaning having a high enough credit score to do so. Many buyers with credit scores in the 600s won’t qualify to assume the lease, regardless of their desire to. If you are listing your house, it is important to contact the leasing company ahead of time to learn about the transfer and/or buyout options. This way, you can be ready with a copy of the agreement and the options rather than being caught off guard later! If you have any more questions about your solar panels and selling your home (or buying one), don’t be afraid to give us a call.

Will getting a solar panel lease mess up your property selling process? The truth is that it depends. Solar leases and solar power purchase agreements (PPAs) are similar to renting a solar panel system for the home. The owner enters into an agreement with the solar leasing company that entitles the owner to the benefits

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