General Discussion

magicarpet

(18,487 posts)

51. Not brave,... just well insured,... home and flood.

Wed Dec 16, 2020, 11:29 PM

Dec 2020

Storm gets it,... rebuild,... the insurance covers all damage costs. The next storm gets it,... rebuild,... the insurance covers it,.. a free rebuild, update, and remodel no charge. Ad infinitum - next storm, full rebuild coverage costs by insurance company.

So in essence those home owners not subject to flood and storm damage subsidize the houses that are. If you have an ocean view and the ocean tears your house apart you just rebuild and rebuild each time it happens and someone else picks up most of the rebuilding costs.

There should be storm damage and flood damage zones where rebuilding is not permitted because it is prone to habitual damages by rising ocean tides, storms, hurricanes, or floods.

By ignoring man made global weather change the incidences will surely rise for costal damages to seaside housing.

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In case you were curious, here's the lot Jarvankas want to buy [View all] dixiegrrrrl Dec 2020 OP

Believe you're missing a 1 in that number. gibraltar72 Dec 2020 #1

$31,800, 000! jmbar2 Dec 2020 #2

thanx...correcting.....n/t dixiegrrrrl Dec 2020 #40

I'm actually not very curious The Genealogist Dec 2020 #3

The price of that lot is $31.8 million wishstar Dec 2020 #4

And you know whatever they build on it will be as tacky as 💩 TheBlackAdder Dec 2020 #57

31.8 Million, not 3.8 Hamlette Dec 2020 #5

Must have an elaborate sewage removal system. jeffreyi Dec 2020 #6

Listing says $31.8M not $3.8M ... mr_lebowski Dec 2020 #7

That for 31 million? What's that huge building next door? Raven Dec 2020 #8

It's their neighbor's house. Totally Tunsie Dec 2020 #12

Looks like a Motel 6 crazylikafox Dec 2020 #20

Living on a beach but having your own pool...... dixiegrrrrl Dec 2020 #41

Very dull looking electric_blue68 Dec 2020 #55

It's takes a brave person to buy that flat land malaise Dec 2020 #9

And of course the inundation due to rising sea levels cojoel Dec 2020 #19

They will learn malaise Dec 2020 #32

Heh. I sure hope they REALLY do in the worst way electric_blue68 Dec 2020 #56

There will be an insurance moonscape Dec 2020 #48

talk about living in a bubble...... dixiegrrrrl Dec 2020 #42

Not brave,... just well insured,... home and flood. magicarpet Dec 2020 #51

Flood insurance is extremely expensive dixiegrrrrl Dec 2020 #60

For a tiny fraction of that lot + the house they'll build on it ... I'd take something like this ... mr_lebowski Dec 2020 #10

Very beautiful place! royable Dec 2020 #27

Looks like a dike all the way around it and it is below sea level. 5X Dec 2020 #11

Prime feature -- easy getaway to the Caribbean in the dark AmericanCanuck Dec 2020 #13

Blood money buying the land and new house. Folklore says it will be haunted. Irish_Dem Dec 2020 #14

Well if not haunted now, it will be by the time Jarvanka are done with it. LakeArenal Dec 2020 #24

Maybe 300,000 dead Americans will visit them. nt Irish_Dem Dec 2020 #31

Fair is fair. LakeArenal Dec 2020 #38

ad enid602 Dec 2020 #15

Florida is infamous for selling underwater lots........n/t dixiegrrrrl Dec 2020 #43

Says it's pending. I hope she got outbid. nolabear Dec 2020 #16

I don't think it's that exceptional at all ... CatMor Dec 2020 #17

How long before it's under water? Elwood P Dowd Dec 2020 #18

thats a pretty good location. julio iglesias had a very nice place right at the end of the road. bullimiami Dec 2020 #21

With climate change I can't imagine anyone buying ocean/inter coastal front property. MLAA Dec 2020 #22

The state and feds keep bailing out the fat cat luxury beach homes. Irish_Dem Dec 2020 #39

True, true. MLAA Dec 2020 #50

So much evil has to create a dark future for eternity. n/t Irish_Dem Dec 2020 #52

I bet when the waters rise they will be like Stiltsville csziggy Dec 2020 #23

I've been bitching about same down here in Mobile.... dixiegrrrrl Dec 2020 #46

Neighbors must be worried about their property values slumping when they buy. LakeArenal Dec 2020 #25

Maybe they'll built something like the Winchester mansion Ziggysmom Dec 2020 #26

that is the first I have seen of the entire house dixiegrrrrl Dec 2020 #59

Here's the island LeftInTX Dec 2020 #28

Any guesses how long until the island is underwater due to climate change? 10-20 years? Fiendish Thingy Dec 2020 #34

There's plenty of secure lodging for them at a nice tropical island location... SeattleVet Dec 2020 #29

Here is another suitable location for people like them. Elwood P Dowd Dec 2020 #44

"One of a kind private Island living, all expenses paid" dixiegrrrrl Dec 2020 #58

small property and will be under water soon (sooner pending hurricane) nt msongs Dec 2020 #30

Hope they don't get too attached- asset forfeiture may be in their future. Nt Fiendish Thingy Dec 2020 #33

More Florida Men/Women on the way! marmar Dec 2020 #35

Looks like a boring place to stay. After a few months what do you do ? katmondoo Dec 2020 #36

Is that close to Bay Harbor? Leith Dec 2020 #37

Almost Tangier Island keithbvadu2 Dec 2020 #45

Enjoy the hurricanes, kids. (nt) Paladin Dec 2020 #47

It says the flood factor is 10/10. JudyM Dec 2020 #49

Right next door to a Russian billionaire NameAlreadyTaken Dec 2020 #53

It's gone up more than $10 million in the last 6 years?! wackadoo wabbit Dec 2020 #54