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Hortensis

(58,785 posts)

21. Way, waay past time. Federal disaster insurance has been a way for

Reply to mahatmakanejeeves (Original post)

Fri Sep 24, 2021, 04:53 PM

Sep 2021

the taxpaying public being soaked by others so they can live in luxury risky areas -- decades past when we knew they were predictable diasters waiting to happen. We're not talking about helping people be able to remain on the old family farm here (which is what it should be), we're talking beachfront and fire-nviting California ridgetop sites with magnificent views, with post-disaster replacement subsidized by all the people in the little houses down on the flatlands.

My husband and I regretfully passed on buying a home up a beautiful canyon ridge in California 30 years ago and a home on a Florida river much more recently because we could only afford the investment if everyone else helped pay to insure it. Big no.

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The Cost of Insuring Expensive Waterfront Homes Is About to Skyrocket [View all] mahatmakanejeeves Sep 2021 OP

I didnt know people who could afford beach front housing got govt subsidies Fullduplexxx Sep 2021 #1

The people who live on or near the coasts DENVERPOPS Sep 2021 #7

I didn't , either XanaDUer2 Sep 2021 #12

To bad they cannot mandate that all homes and buildings that have any residents living in them for cstanleytech Sep 2021 #2

A thousand feet inland would mean no houses on a lot of coastal islands csziggy Sep 2021 #13

1,000 feet is nowhere near enough. erronis Sep 2021 #19

We wanted to buy a house in town Marthe48 Sep 2021 #3

That's a truly sad story. One I've heard from other river-dwellers. When you say "improved", erronis Sep 2021 #20

It has city water, electricity, gas if we want it Marthe48 Sep 2021 #22

This is much needed progress. lark Sep 2021 #4

These aren't all millionaires underpants Sep 2021 #6

Renting a beach house is almost unaffordable Marthe48 Sep 2021 #23

Exactly! That's how it is at our beaches in SC. raccoon Sep 2021 #25

We stayed at Surfside, Pirateland, NMB, Cherry Grove, Marthe48 Sep 2021 #26

Should we just ban people from living in California also? Calista241 Sep 2021 #27

Different scenario, that's an entire state not just the coastal & riverfront areas. lark Sep 2021 #28

Removing that subsidy will remove replacement costs & make them take personal responsibility. ancianita Sep 2021 #5

one solution that will probably be adopted onethatcares Sep 2021 #8

more likely, some homeowners will "go bare"..... getagrip_already Sep 2021 #9

Yes. No bank or any other lender will write a mortgage without adequate insurance. roamer65 Sep 2021 #30

In Texas, our flood ins rose 10% RussBLib Sep 2021 #10

They haven't had a real hurricane since 1923. cinematicdiversions Sep 2021 #24

Federal subsidies are socialism nt XanaDUer2 Sep 2021 #11

The amount of federal money beach communities get is stunning. The Jungle 1 Sep 2021 #14

Falling Into the Ocean: Orrin Pilkey's Call to Retreat From the Beach mahatmakanejeeves Sep 2021 #15

As someone who lives in the middle of the Sonoran desert. Coventina Sep 2021 #16

It's about F-ing time! Martin68 Sep 2021 #17

This will not effect Sgent Sep 2021 #18

Way, waay past time. Federal disaster insurance has been a way for Hortensis Sep 2021 #21

It's hardly worth discussing. truthisfreedom Sep 2021 #29