“it sounds cold hearted. Sigh.”
Not at all. I would love to live right ON the water. (I am about 5 miles from it though) but I am not willing to pay the higher insurance prices. I think if you choose to live close to the water or coast then get insurance and pay for it, don’t expect everyone else to. I have hurricane insurance on my house and yea it costs extra but it’s only fair. Someone living in say Wyoming should not have to pay for hurricane insurance or more taxes to cover the dummies who don’t get it and need it.
Excellent point. If only people that understand that concept could run things everywhere, we might be able to get back to rugged independence and self reliance in this country!
I think it is time for a national discussion about this, too.
Personally, I wouldn’t mind something like “We’ll help you ONE time in a century to build in that spot. It will be kept track of, and every insurance company in the world will be aware of it and every realtor will be aware of it and every surveyor will be aware, etc. After that ONE time, ALL the cost of rebuilding is up to you, buddy. And if you hide that from someone you sell to, you are committing a 10yr felony - grand larceny equivalent.”
NOLA should not have been rebuilt by the US govt. Neither should so many of the homes destroyed by hurricanes and floods.
If you want to rebuild there, you get insurance or kiss your money goodbye if it has another problem and when you sell, that would certainly be reflected in the price you get. This goes for anywhere in the whole country, and would apply to any disaster at all - bar none - including fire, terrorism, snow storms, flooding, forest fires, planes crashing into them, polar bear attacks, mosquitoes carrying it away, ANY reason.