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As a resident Houston for 25 years, I can count on one hand the number of times flooding has caused anything but minor inconveniences to the city as a whole. Th
by kthejoker2 9y ago
As a resident Houston for 25 years, I can count on one hand the number of times flooding has caused anything but minor inconveniences to the city as a whole. There will always be a slightly inflated risk pool here but it's not nearly as bad as you make it sound.
And I will gladly go on record as willing to subsidize 800 year floods in any part of the world, the inevitable Big One in California, the next Mt St Helens, and so on. Expecting the market to manage black swans is unrealistic.
- cmurf 9y agoHarris County Flood Control District claims three 500 year floods the past three years. That this is by far the worst of the three, doesn't make 500 year floods in Houston "black swan" events. Their own web site makes it sound worse than I am. https://www.hcfcd.org/flooding-floodplains/harris-countys-flooding-history/ https://www.hcfcd.org/flooding-floodplains/harris-countys-fl...
- deleted 9y ago[deleted]
- kthejoker2 9y agoThose aren't "claims", those are based on the historical record of the floodplain here. And those floods are a reflection of huge weather events not poor planning on the city's part. And that site is only talking about the typical spot flooding that Houston is prone to which causes (again) a slightly inflated risk pool. You're way overstating your case here.
- kthejoker2 9y agoAnd yes, 3 500 year floods in 3 years qualifies as a black swan. There are simply no models that predicted this.