Poor Obama and his new beachfront home. LOL
Funny how Florida just happens to be the target here. At
least they are pointing it out in Florida.
Just another attack on the middle class by Joseph Stolen.
The word has gone out. Cross me and I’ll ruin you.
Funny.
In the inland areas, living in a flood zone might mean you get one insurance payout. To move.
Climate change? More like they know a tsunami is imminent. That’s a real rising sea level.
Florida NON-FLOOD ZONE property insurance is already astronomically high......................
I hope Al Gore will be able to afford it for his Montecito waterfront home.
Anyone who buys that bull chet is suffering from industrial strength stupidity.
How about Manhattan?
If global warming will raise the ocean levels, why are all the networks investing millions in their street-level studios for their TV shows?
What will be the financial cost of the ground level of every building in Manhattan being underwater? How much will their flood insurance go up?
-PJ
An old timer told my friend who had just moved to the west coast of Florida. “ ….you build a shack on the beach”.
Wise words
In other words, only the wealthy can own waterfront property.
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.
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.
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.
The problems are bigger w NY beach front property but they NYT is too busy attacking FL to care.
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.