Posted on 09/24/2021 11:19:53 AM PDT by Theoria
Martha's Vineyard or Honolulu?
Next up: Jacking up insurance rates for anybody living within 200 feet of a tree. Can’t be too careful with forest fire hazards.
What a great way to justify higher premiums. Global warming is the gift that keeps on giving.
There are plenty of people living along inland rivers in this country who take advantage of the same federal subsidies. This is a topic each year on FR after the feds bail out hurricane stricken beachfront home owners again. It make sense if DC doesn’t blow savings somewhere else. Why cloak reducing federal programs in that climate change BS?
The federal government should not be insuring anyone against risk for anything. End the federal flood insurance program nationwide today. If you choose to live in a flood zone, you bear the full loss if your house floods.
Likewise, as the COVID vaccines receive FDA approval as “safe”, the pharmaceutical companies producing the vaccines should lose their exemption from liability. Pfizer is claiming its vaccine is safe for children as young as 5. It should be willing to back its claim by accepting complete liability.
The problem is the existence of federal flood insurance, which like government everything in the US is politicized top to bottom. Previously, it’s been underpriced so as not to anger voter beneficiaries. Now it will be politicized differently in the name of climate change.
End federal flood insurance and let everyone pay the rates private insurance companies set, which will be, as they should, based on expected risk. Is climate change a risk to coastal homes justifying higher premiums? Let insurance companies and their customers work it out.
This is all about making sure only the Rich can afford waterfront property. So any poor “riff-raff” will be forced to sell theirs.
Nothing to see here, move on.
Doesn't Biden have a beach house in Delaware?
The Feds made the entire town of Valmeyer IL move. All the residents.
We all have to pay for repairs to the homes destroyed by floods and hurricanes..........
“safer ground”
As soon as all the schmucks move inland, the ruling class will buy up all the shore property and the insurance will then be fully subsidized at the schmuck’s expense.
this is essentially a subsidy for insurance commpanies.
The problems are bigger w NY beach front property but they NYT is too busy attacking FL to care.
BINGO! We have a winner.
DeBlasio has already decreed that basement apartments could no longer be rented in NYC.
“...only the wealthy can own waterfront property...”
-
Yes, the “wealthy” are “self-insured”.
Don’t build a mansion in the sand on the waterfront ( on a multi-millennia old floodplain or next to a river that floods every year, in a Ghetto that burns every other year, etc . . .) and expect me to pay when the wind bows it away.
Solution:
Put up a shack
when the wind blows it away, put up another one.
That’s how they do it in lots of places around the world.
Self insure would be cheaper if Gobbermint was out of the way with all the ridiculous building permits and codes.
Many wealthy folks have oceanfront homes—and none are selling for pennies on the dollar—looks like they are not falling for the “climate change emergency” scam.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.