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Reply to "Flood zones, rebuilding, restrictions"
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[quote=Anonymous]I see the federal flood insurance program as just a veneer of "insurance." It makes people sleep better at night, but it has nowhere near the actuarial capacity to make everyone whole, in the case of a flood the size of Houston. In the meantime, developers can build in risky areas, people will buy the properties thinking they are "covered," and the builder runs with the money. I'm continually amazed at the power of the real estate lobby. They practically wrote our tax code, too. You have to be an idiot to lose money in real estate.[/quote]
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