What has me absolutely stunned and slack jawed is the willing and eager calls by those who are ostensibly "conservatives" to adopt socialist measures if the normal give and take of the markets puts them on the "give" rather than "take" side of a particular transaction.
I have posted one market based idea for correction of the current crisis. Another corrective that is market based would be to ALLOW insurance companies to do a radical tiering of risks, giving incentives to those building further inland (although Florida, being a peninsula would not benefit THAT much, every little bit helps).
The bottom line is, though, that Florida is a DANGEROUS place to live, if you want to protect your property. I do not want to subsidize your risk on Wall Street, at the craps table in Vegas, or your choice of putting your home in a Hurricane prone area. If you have put money in there and you will have to lose to get out, you should do like I have done, which is eat your losses, go on, and shut up whining like some Democrat precinct chairman who is always looking to blame someone else.
I really thought you were more intellegent and informed than to give me a cookie cutter answer that doesn't address my comments.
Suppose that tomorrow nearly everyone in your community finds out that, through no fault of their own, they cannot afford property insurance and that the insurance is so expensive that you cannot keep your uninsured propery but you cannot sell it either.
What do you and those thousands of others do?