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This is why the federal subsidies for flood insurance need to end
by estearum 6mo ago
This is why the federal subsidies for flood insurance need to end
- acdha 6mo agoWe should have a one-time buyout for flood zones: pay someone enough to buy a median home somewhere similar and turn the land into a nature preserve (let mangroves return to protect Florida coast, etc.). Put a cap on it so we’re not buying new mansions for a few rich people with beach houses but otherwise keep it simple so people aren’t impoverished into becoming a drain on society. I have no expectation that we’ll be willing to invest in our neighbors, though.
- estearum 6mo agoI like it!
- phainopepla2 6mo agoI wonder if there are any good ballpark estimates out there for what this would cost
- fanatic2pope 6mo agoA couple of ballrooms. Maybe half an Iran war or a Venezuelan coup or two?
- ungreased0675 6mo agoI thought the government should have done this for all the beach houses that were destroyed by hurricane Sandy. Buy people out and prevent a house from being built there ever again.
- quickthrowman 6mo agoAgreed, building on a flood plain is incredibly stupid. The city of East Grand Forks demolished all of the buildings in the flood plain portion of town after the 1997 Red River floods and turned it into a park. https://en.wikipedia.org/wiki/Greater_Grand_Forks_Greenway https://en.wikipedia.org/wiki/Greater_Grand_Forks_Greenway