New Jersey Flood Victims Face Difficult Buyout Decision

July 29, 2013

  • July 29, 2013 at 1:30 pm
    Jay says:
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    If you choose to stay you have to follow the rules for lifting your house up, Is there money being offered for that? But, if you choose to lift your house and stay, mortgage or not, you should be required to carry the flood coverage so that when you flood again, you will have the coverage needed to help cover your loss. If you choose to stay, the “people” should not have to help you pay for your house again and again.

  • July 29, 2013 at 1:57 pm
    mike says:
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    But isn’t flood insurance Funded by the “people”. And isn’t in trouble because we continue to pay a large number of the program participants again and again. Remind me what the definition of insanity is again….something about doing the same thing the same way and expecting different results…

  • July 29, 2013 at 2:47 pm
    Huh! says:
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    If those who choose to stay can put their home on stilts then there shouldn’t be flood losses following most storms. Those loses that do occur should be minimal. However, if there have already been several floods in that area, there will be more in the future. At this point, it seems that buying everyone out and establishing wetlands is the most prudent and efficacious choice. Of course, that’s easy for me to say; I live in the desert.



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