Quote:
Originally Posted by tophcfa
But they chose to live in a high risk area where homeowners insurance would be impossible to get without either government assistance or the cost of their risky choice being subsidized by the premiums being paid by homeowners living in relatively lower risk areas. Related to that is exactly how many times are taxpayers going to pay to rebuild New Orleans, which sits below sea level smack dab in the middle of a Hurricane belt?
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Agree, and insurance companies are getting. nervous about home owners insurance in S. Florida with the ocean rising. Trillions of prime gold coast property may not be able to be insured soon, unless the government subsidizes it.