Results 111 to 120 of 138
Nov 6, 2012, 05:34 PM #111
Nov 6, 2012, 05:34 PM #112
I'm not yet sure which dog I like best in this fight but I just wanted to throw this idea into the mix. Although, I do agree that more and bigger dunes will better protect beach front areas better than man made structures which just kick the can further down the beach.
We have a land preserve program down here that is designed to preserve farm land from being developed. It works something like this:
1. Landowner pledges not to develop his farm land.
2. City determines what the property would be worth if developed and buys development rights from land owner.
3. City then buys 25yr. Treasury Bond for that amount.
4. Land owner receives the tax-free interest payments for the 25 yrs.
5. After 25 yrs. land development rights revert back to the land owner and he gets the principal amount of the bond.
Something similar could be used for beachfront property. Existing homes would probably have to be grandfathered in but undeveloped land and condemned and destroyed structures couldn't be rebuilt. The interest payments could be used to offset the purchase of other property. But, this won't address the problem of not enough land in the beach communities for everyone to relocate.
For example, suppose a home on a oceanfront property increases its value by $500,000.
City will buy (at a cost of $150,000) a 25yr. $500,000 bond which will payout around $21,000/yr. Plus the land owner gets the original $500,000 principal amount at the end of 25 yrs. Total payout to the land owner = 500,000 + (25 * 21,000) = $1,025,000
At least the government doesn't take your land plus you get compensated a decent amount that could go to another purchase. This also lets the owner pass the property to their heirs. And, if the seas don't rise and we don't kill off the human race first then the issue of where is the best place to establish the no build zone can be reevaluated around mid-century when we should have more data.
Not that I'm an advocate of this type of program but I wanted to throw it out there.
Nov 6, 2012, 06:15 PM #113
According to the Government Accountability Office, subsidized premium rates are generally 40 percent to 45 percent of the full-risk price. The average annual subsidized premium was $1,121 in 2010, discounted from the $2,500 to $2,800 that FEMA said would be required to cover the full risk of loss.
The National Flood Insurance Program is 19 Billion in debt. That seems almost fiscally sound in the current economy.
AKA pumpmaster, Good point. Long live free enterprise!
Nov 6, 2012, 06:38 PM #114
why would anyone take a home that has already weathered this and countless other storms and remodel it so it can better withstand storms? if any part of the house was knocked down it would have to be built at least to current local building codes and all local codes are stricter not less so than international building codes. but that still wouldn't stop your house from filling up with water when the entire town is 6 ft deep. the only thing you could do is raise the house and build the foundation up but eventually a surge will come that goes into your first floor.
back to the topic at hand. If the gov't ever tries to get me off the island i was born and raised on and take my land i will fight. like a camanche if need be. i understand mandatory evacs so emergency personal do not get into harms way but after the storm blows over im going back. im rebuilding and moving on. european peoples have been living here since before we were an independant country. no ones going to try to move us.
Nov 6, 2012, 06:43 PM #115
Last edited by DawnPatrolSUP; Nov 6, 2012 at 06:45 PM.
Nov 6, 2012, 06:50 PM #116
Nov 6, 2012, 06:54 PM #117Senior Member
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Nov 6, 2012, 07:01 PM #118
My original point was to let you guys know what the engineers, architects, contractors etc. aren't doing, and that's getting the proper on-going education that is required to stay on top of these things, to keep people as safe as possible. If you design and build the infrastructure of a town in 1932 (just a random year), there is a good chance that in the year 2012 that things have changed quite a bit, and we have discovered some very important things along the way.
Nov 6, 2012, 07:31 PM #119
i understand were you are coming from. im willing to except the risk. i like it here. you would too.
Last edited by Peajay4060; Nov 6, 2012 at 07:53 PM.
Nov 6, 2012, 07:52 PM #120