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As long as the government pays all your rebuilding costs and subsidizes your insurance, why not?
by LatteLazy 4y ago
As long as the government pays all your rebuilding costs and subsidizes your insurance, why not?
- jillesvangurp 4y agoThat will stop being a thing after a few rounds of record breaking floods. At some point insurers will withdraw their hands from the whole thing. Government and public support will run out at some point.
- LatteLazy 4y agoI remember people saying that a decade ago... Red states are self interested and won't say no to handouts as long as they receive them. Blue states believe we're "all in this together". So neither "side" has an incentive to raise the issue. Plus no one wants to be the guy who refused to help that poor down on their luck american who got their house blown away on the TV...
- lotsofpulp 4y agoInsurers withdrew a long time ago. This article is from 10 years ago. https://publicintegrity.org/environment/government-subsidized-flood-insurance-premiums-are-about-half-of-full-risk-price/ https://publicintegrity.org/environment/government-subsidize... > Virtually no private market for flood insurance exists for most residential and commercial properties. While the rest of the country may not want to subsidize coastal FL and TX, I doubt the issue could gain enough political steam to overcome advocates from beneficiaries of NFIP.