[CobaltBlue]

I don't have a problem with caveat emptor.

The point here is that government -- be it local, state, or federal -- will ultimately be on the hook here for all the people who default on their loans.

There's simply no way around that. So now, what do we do?

I suggest to you that for those whose property is covered by federally guaranteed flood insurance, rebuilding on the flood plain is insane. But, they have the moral and legal right to everything that the law provides.

Which is why I say, "pay them now, or pay them later."

[Mind-numbed Robot]

If they have flood insurance, no problem, even if it is a federal subsidy. I thought Baker's plan was for all property owners whether they were insured or not. That was the rub for me, or if it would take insurance companies off the hook and put the taxpayer on it. Just as the flood waters, all this is still murky.