“Which would cost American taxpayers more: Paying now to protect undeveloped areas that are likely to flood in the coming decades, or allowing development to proceed based on current projections and paying for subsequent flood damages when they inevitably occur?”
How about neither one. Is that an option? Let people take on their own risks. Most of the water front property buyers are affluent and educated anyway.
(And that “inevitably” assertion? Yawn. Let me know exactly how high the seas will rise and when and I might consider the inevitable nature of it all.)
Yes, I believe Judy Biggert & Maxine Waters made similar statements when they stated that homeowners that lived in SFHA’s were rich/affluent. They were naïve and misinformed when they created their flood reform act in 2012. While it’s true that wealthy people do live on the coastline and should pay for their share of the flooding risk, it doesn’t appear that the past floods in the US have been isolated to affluent neighborhoods.
I agree with you, Craig, but not many want to take responsibility for their own actions. Wish they could have lived in the 50’s or 60’s when people didn’t think someone else needed to pay for the bad choices they made in life.
Those days are gone.
Opening paragraph:
“Which would cost American taxpayers more: Paying now to protect undeveloped areas that are likely to flood in the coming decades, or allowing development to proceed based on current projections and paying for subsequent flood damages when they inevitably occur?”
How about neither one. Is that an option? Let people take on their own risks. Most of the water front property buyers are affluent and educated anyway.
(And that “inevitably” assertion? Yawn. Let me know exactly how high the seas will rise and when and I might consider the inevitable nature of it all.)
Yes, I believe Judy Biggert & Maxine Waters made similar statements when they stated that homeowners that lived in SFHA’s were rich/affluent. They were naïve and misinformed when they created their flood reform act in 2012. While it’s true that wealthy people do live on the coastline and should pay for their share of the flooding risk, it doesn’t appear that the past floods in the US have been isolated to affluent neighborhoods.
I agree with you, Craig, but not many want to take responsibility for their own actions. Wish they could have lived in the 50’s or 60’s when people didn’t think someone else needed to pay for the bad choices they made in life.
Those days are gone.
Hey I just got an idea, how about FEMA just charge the appropriate rate for the risk, ya know, kinda like insurance. SMH
Leave it to government to screw up something as easy as math….oh wait, they do that with common core as well.
This land buy back is simply a wealth transfer tool. Follow the money people.