Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

roamer65

(37,852 posts)
30. Yes. No bank or any other lender will write a mortgage without adequate insurance.
Sun Sep 26, 2021, 02:48 AM
Sep 2021

That means little or no buyers.

Prices will collapse.

Recommendations

0 members have recommended this reply (displayed in chronological order):

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
Latest Discussions»Latest Breaking News»The Cost of Insuring Expe...»Reply #30