To: CobaltBlue
I sure as hell would not rebuild a home or a business in the flood zone until...
Herein lies the problem. There should never be any circumstance that would lead folks to build in flood plains. And if there are circumstances it should not involve my tax dollars.
42 posted on
01/29/2006 3:00:28 PM PST by
festus
(The constitution may be flawed but its a whole lot better than what we have now.)
To: festus
There should never be any circumstance that would lead folks to build in flood plains. And if there are circumstances it should not involve my tax dollars. Ask your congress critter to change the law, then. In the meantime, we're stuck with the laws as they are.
48 posted on
01/29/2006 3:09:32 PM PST by
CobaltBlue
(Extremism in the defense of liberty is no vice. Moderation in the pursuit of justice is no virtue.)
To: festus
I agree 100%.
People who buy/build homes in flood-prone areas are aware of the risks. The higher the geographical risk, the lower the costs to build or buy. So, why do they buy homes in such areas? The answer is because they save a bundle of money. They could put those initial huge savings in a sinking fund and add annually to the fund a modest amount for when the rare and unusual event takes place. They could withdraw from this fund to buy flood insurance, etc. But most buyers don't establish such a fund, safe in the knowledge that other taxpayers, who purchased in less risky areas, will eventually be forced to pay for the damages.
Nice sheme.
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