This problem will at least get ameliorated as federally-subsidized flood insurance gets phased out. This subsidy has been artificially propping up the value of

This problem will at least get ameliorated as federally-subsidized flood insurance gets phased out. This subsidy has been artificially propping up the value of these properties, so in the future it should be easier to tear them down after a flood. Especially since many people will no longer to be able to afford flood insurance to begin with, which isn't great, but is much more equitable than the current status quo where many people are only able to 'afford' waterfront property by basically stealing from those with less money.