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To: Fai Mao

Guam hasn’t tipped over yet? I’m a thinking these beach homes are being sold to evade rising TAXES not seas.


18 posted on 06/14/2024 11:08:08 AM PDT by BipolarBob (I was drowning in self pity until I bathed in the refreshing Lake of Respect.)
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To: BipolarBob

Not just taxes, but the cost of INSURANCE.

Which you, me and everyone who pays Federal taxes is subsidizing in the form of National Flood Insurance.

Many of these homes are built on shifting sand dunes on a barrier island. The get trashed or flooded and rebuilt in the exact same spot because of FEMA National Flood Insurance.

Some houses get paid over and over up to three times in one year.

A buddy has a house in Wells, ME. Across the street from the Atlantic. His place got flooded and he got paid. Some of the places near him got paid three times in the last year.


33 posted on 06/14/2024 12:05:58 PM PDT by woodbutcher1963
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