Getting screwed? How is the government buying your house once it's been destroyed for fair market value getting screwed? The government has been subsidizing these land oceanfront owners for years. You just want to have your cake and eat it too. You want to ***** about surfers hoping for hurricanes not making landfall, yet live in a coastal area. Sort of like living in the high rockies and complaining about the snow.
if you live on the coast you accept the risks.
Here's a question for you coastal folks. How come so many of you were uninsured? Maybe you don't have mortgages?
The only way anyone in my neck of the woods can get away without having wind & hail, flood, and general homeowners insurance is if you own your house. I think it's pretty naive, even with the freak storm like Sandy, to not protect your investments with some insurance.
as for how am i getting screwed? it's being screwed when the gov't tells me where i can & can't live, the gov't forcing my family out of a place it has inhabited for generations, since well before the coast was the fashionable place to go on vacation. i don't want it both ways, i want to be left alone. if my home is destroyed, let me rebuild it, don't pay me the "fair market value" of the empty lot & tell me to get on w/ my life. this IS my life.
THAT'S how it's being screwed. stop thinking you know what's best for someone & let them live their lives.
thousands and thousands of dollars paid to the same insurance company over 25years and getting anything from them was nearly impossible.
I think the only way flood insurance would save the day is if one's home was completely destroyed and washed away.