Mortgages At Risk If Flood Insurance Program Expires

By | September 26, 2011

  • September 26, 2011 at 2:39 pm
    dee says:
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    Flood happens.
    It is absolutely predictable in many, many areas that these given areas will be flooded at some point. The time frame may vary – 10 years or 100 years or-
    If people MUST live in these known flood zones, why should the rest of us pay for their problems when the flood washes through?

    Seriously! People, let’s get back to basics and regain some common sense here. We aren’t going to alter the natural course of our planet because we’ve decided to take up residence in a flood zone.

    While I firmly believe there are far too many people on this planet, there is still plenty of opportunity to live a quality existance -on higher ground.

    • September 26, 2011 at 3:59 pm
      The Other Point of View says:
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      Do you have any idea how many people in this country live within the 100 year flood plain? If you guessed less than half of all Americans you would be wrong.

      I agree we need a common sense approach, but it doesn’t take a lot of it to realize that we all can’t live on hilltops.

      • September 26, 2011 at 5:40 pm
        dee says:
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        There are plenty of places to live that aren’t on hilltops. I’ve never lived in a flood zone…but never lived on a hilltop either.

        Our species is attracted to flood-prone areas for the obvious reasons I suppose – near water and fertile land. Those convenient benefits come with a high price when the water gets too close. We are advanced enough to figure this out for crying out loud! Just because it’s always been done that way -well, you know… let’s get smart. And for the people who just don’t have the smarts – they’re going to have to abide by those with greater intellect. In the alternative -they can live in their favorite flood zone and shut the heck up when the water gets high.

  • September 26, 2011 at 2:58 pm
    MO MONEY says:
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    Taxpayers should NOT subsidize yuppies who choose to live in flood zones! If flood insurance rates were actuarily sound, we would not need NFIP cuz insurance companies might write it

  • September 27, 2011 at 11:45 am
    Mike says:
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    Private insurers will write flood policies now. FEMA makes it almost impossible for them to compete with its crazy rules that are biased toward WYO providers. But, check it out you can buy privately backed primary flood insurance now and at a competitive price.

    • September 27, 2011 at 1:32 pm
      ktb says:
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      From whom?



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