4 ms·
I agree with you in theory, but if I drive a car straight into the ocean, do I deserve a government bailout? If I land a helicopter in a marsh, and it is ruined
by JBReefer 9y ago
I agree with you in theory, but if I drive a car straight into the ocean, do I deserve a government bailout? If I land a helicopter in a marsh, and it is ruined, should I be bailed out?
This is the same thing, but just much slower. Tons of that coastal housing is new, the idea of rising sea levels is certainly not new, and we've seen this coming for a long time. This is basically choosing to drive your house into the sea, and then demanding a handout.
I do think we should subsidize moving buildings farther inland, or putting them on stilts like they did in the Rockaways post Sandy, but just straight buyout? Forget about it.