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There isn’t a good one. The city of East Grand Forks, MN moved entirely after the 1997 floods when they realized that fighting nature is impossible, particularl

There isn’t a good one. The city of East Grand Forks, MN moved entirely after the 1997 floods when they realized that fighting nature is impossible, particularly on the Red River, which flows northward and virtually always floods due to ice dams downstream in Canada. The old town of East Grand Forks that was built on the floodplain is now a park, which is the best use for most river floodplains.

FireBeyond 1y ago
Meanwhile, when government tried to hit Camp Mystic (in Texas, where 27 people died in July) with a flood zone finding, they fought back in court to get the finding removed... ... and now, with one camper still officially missing, no body recovered, the Camp is eager to assure the public that they will be opened again for next summer ...
brudgers 1y ago
You can’t move Gulfport. Pinellas County is among the most built out counties in the country.
- quickthrowman 1y ago
  Eventually the risk will be priced into homeowners insurance and nobody will be able to afford to live there anyways. It will happen faster than most homeowners in that area think.
  - brudgers 1y ago
    Home owner’s insurance does not cover flood. As I said elsewhere, twenty years ago the rule of thumb was private flood insurance ran 10% of insured value per year. That’s why the Federal Flood Insurance Program was created in the Nixon administration. Of course home owner insurance in Florida has been astronomical and hard to get for a long time because it covers wind damage and that’s most of the damage from hurricanes. The solution was a State pool (insurer of last resort) which by law had to be more expensive than any private option. The results were economically rational…remember banks require home owner insurance as a condition of mortgages. Or to put it another way, pricing risk is just table stakes. Pricing in profit is where the money is.

FireBeyond 1y ago

Meanwhile, when government tried to hit Camp Mystic (in Texas, where 27 people died in July) with a flood zone finding, they fought back in court to get the finding removed... ... and now, with one camper still officially missing, no body recovered, the Camp is eager to assure the public that they will be opened again for next summer ...

brudgers 1y ago

You can’t move Gulfport. Pinellas County is among the most built out counties in the country.

quickthrowman 1y ago
Eventually the risk will be priced into homeowners insurance and nobody will be able to afford to live there anyways. It will happen faster than most homeowners in that area think.
- brudgers 1y ago
  Home owner’s insurance does not cover flood. As I said elsewhere, twenty years ago the rule of thumb was private flood insurance ran 10% of insured value per year. That’s why the Federal Flood Insurance Program was created in the Nixon administration. Of course home owner insurance in Florida has been astronomical and hard to get for a long time because it covers wind damage and that’s most of the damage from hurricanes. The solution was a State pool (insurer of last resort) which by law had to be more expensive than any private option. The results were economically rational…remember banks require home owner insurance as a condition of mortgages. Or to put it another way, pricing risk is just table stakes. Pricing in profit is where the money is.