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Comments on: Let Them Drown
https://whynow.dumka.us/2009/12/05/let-them-drown/
On-line Opinion Magazine...OK, it's a blogSun, 06 Dec 2009 19:10:55 +0000
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By: Bryan
https://whynow.dumka.us/2009/12/05/let-them-drown/comment-page-1/#comment-50153
Sun, 06 Dec 2009 19:10:55 +0000http://whynow.dumka.us/?p=12420#comment-50153The fun part, Kryten, is while this suit has been moving through the courts the value of the properties has taken a nose dive. Since the state pays “fair market value”, the number is probably negative about now. In addition, the cost of insurance has spiked, so these places have lost even more value as the insurance payments are closing in on mortgage payments, when you can find someone to insure them. Most are valued above the limit for the public insurance company, so many of these people are stuck with nothing but the Federal flood insurance which is capped at a few hundred thousand. There was a reason all this land was vacant along the Gulf – locals know better than to build there.
It’s only a matter of time, Jill. One strong storm from New Orleans to Apalachicola and it will happen.
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By: cookie jill
https://whynow.dumka.us/2009/12/05/let-them-drown/comment-page-1/#comment-50152
Sun, 06 Dec 2009 17:14:03 +0000http://whynow.dumka.us/?p=12420#comment-50152Let them become reconnected with the sea
.-= last blog ..Wish it were MY Nepenthe! =-.
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By: Kryten42
https://whynow.dumka.us/2009/12/05/let-them-drown/comment-page-1/#comment-50150
Sun, 06 Dec 2009 09:08:31 +0000http://whynow.dumka.us/?p=12420#comment-50150Yep! Let them drown.
Except… they won’t. Rats always survive sinking ships, or houses.
A shame their IQ’s aren’t even 1% the size of their bank accounts.