Hint for the future: Don't build below sea level.
Sure -- don't rebuild below sea level.
Default on your mortgage, the home is gone; default on your credit cards, the stuff is gone; default on your car loan, the car is gone; file Chapter 7, and let the economy take the hit.
Here's a hint -- we're talking about 1% of the population of the United States that are going to have to file Chapter 7.
The City of New Orleans and the State of Louisiana will be next in line to file bankruptcy.
Enjoy your superiority, but it will come back to haunt you.
Hint for the future. Dont live in a flood zone or get FULL flood insurance coverage.
Or 2 feet above sea level!
Boynton Beach, FL. hint
...or in mudslide zones, or on cliffs that are there due to seismic activity, or on the edge of volcanoes, or on beaches where Hurricanes routinely come through...
Novel, eh! ; )