Post Flood Buyouts

Discussion in 'News, Current Events, and Politics' started by Pragmatist, Nov 26, 2019.

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  1. Pragmatist

    Pragmatist Master Survivalist
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    https://www.insurancejournal.com/news/midwest/2019/11/26/549663.htm


    Good afternoon all,

    Per ...

    Sally; Is it that sad that lives and funds will be saved ?

    Article mentions former FEMA Administrator James Lee Witt. He was an Arkansas judge appointed by President Bill Clinton for the job. The judge had to appear before Congress at some hearing and said: "As we all know, disasters are very political events".

    Good news: The scavengers didn't get the mailbox.
     
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  2. TMT Tactical

    TMT Tactical The Great Lizard !
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    Well they got Climate Change into the article, so I guess they will get their grants. It is smart to buy out these disaster repeat properties. For those that don't want to sell, then no federal, state or county funds to rebuild after the next disaster. I do think the buy out is proper, since the government allowed these home owners to build in these disaster prone locations.
     
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  3. lonewolf

    lonewolf Moderator Staff Member
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    why would anyone buy in a known flood prone area?
    a lot of people who have been flooded (in the UK) can no longer get insurance.
     
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  4. Pragmatist

    Pragmatist Master Survivalist
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    Good morning Lonewolf.

    In reply;

    They buy and build on flood-prone areas because of governmental subsidies.

    It's not just the flooding places.

    Texas has the state government's coastal wind indemnity program. California subsidizes building on earthquake fault lines, ...

    Here in Hurricane Alley, public-subsidized real-estate, construction and insurance has much of the cost transferred to the public sector. President Trump is changing this. The real estate industry does not like him. The socialist citizenry do not like him.

    The lack of cyberspace precludes me continuing.

    Here in the US, the party's over.
     
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  5. lonewolf

    lonewolf Moderator Staff Member
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    flood prone area are the last place I would want to buy, we refused several places before we moved here because of their close proximity to water that could flood but I suppose if one is in business its all about making money.
     
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