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California

3Hotdogs

(13,793 posts)

5. --- add to that, the flood insurance boondoggle for wealthy home owners.

Reply to BlueWaveNeverEnd (Original post)

Sun Jul 14, 2024, 08:06 AM

Jul 2024

N.J. and Long Island coastal homes.

Buy the house.

It gets flooded.

Gub'mint (the rest of us) pays to rebuild it, instead of paying but only for removal to safer land.

Rinse and repeat.

The only saving grace is that now, flood insurance premiums are increasing.

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BlueWaveNeverEnd Traurigkeit

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Highlight:

Land movement in Rancho Palos Verdes continues to accelerate and as a result, roads and homes continue to crack and sink [View all] BlueWaveNeverEnd Jul 2024 OP

These are all wealthy people with multimillion dollar homes. SunSeeker Jul 2024 #1

Good points. NNadir Jul 2024 #2

And you can be damn sure... 2naSalit Jul 2024 #3

NOT czarjak Jul 2024 #4

the person using a rope to get to their house ... pretty amazing home wasn't just quickly red tagged BlueWaveNeverEnd Jul 2024 #7

it is pretty amazing that their gas line breaks every three days AND GETS FIXED over and over BlueWaveNeverEnd Jul 2024 #6

--- add to that, the flood insurance boondoggle for wealthy home owners. 3Hotdogs Jul 2024 #5