Posted on 01/09/2025 11:06:51 AM PST by E. Pluribus Unum
“While this would mean only the very rich could afford beach housing or much more modest structures, the rest of us wouldn’t have to support it.. Building a $million plus mansion on the beach is kind of stupid if you think about it.”
100% correct ... folks have been pointing this out forever, namely that Federal taxpayers [us] subsidize beach house ownership via The Federal Emergency Management Agency (FEMA) which offers flood insurance through the National Flood Insurance Program (NFIP). This insurance can help protect beach houses from flood damage.
IOW, just another example of corrupt government overreach distorting the marketplace ..
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