61–70 of 230 posts
My roots are in Louisiana, and this makes me incredibly sad. It is such a unique place that has no like, and drives all tourism in the state. Where will tourists celebrate Mardi Gras after it's gone? Baton Rouge? Sadder, still, to know that nothing will be done. No one will be relocated. Just one day a weather event like a hurricane will happen to destroy the area and it will be labeled derelict with no funds to rebu…
[flagged]
Earlier quoted context omitted.
Uhh... "those in the know" are the actuaries and if you were to take away the subsidies provided for homeowners and developers to deny basic mathematical facts, the entire area would be totally unbuildable already.
They can still get insurance for flooding?
Earlier quoted context omitted.
This is why the federal subsidies for flood insurance need to end
We should have a one-time buyout for flood zones: pay someone enough to buy a median home somewhere similar and turn the land into a nature preserve (let mangroves return to protect Florida coast, etc.). Put a cap on it so we’re not buying new mansions for a few rich people with beach houses but otherwise keep it simple so people aren’t impoverished into becoming a drain on society. I have no expectation that we’ll b…
I would be surprised if the USA is even able to plan far enough ahead to put in a sea barrier/gates in time to protect New York City, similar to London. New Orleans? At least the old town is elevated.
For local stuff like this, the US isn't a country, it's 50 countries in a trenchcoat, and Louisiana is very different from New York.
My roots are in Louisiana, and this makes me incredibly sad. It is such a unique place that has no like, and drives all tourism in the state. Where will tourists celebrate Mardi Gras after it's gone? Baton Rouge? Sadder, still, to know that nothing will be done. No one will be relocated. Just one day a weather event like a hurricane will happen to destroy the area and it will be labeled derelict with no funds to rebu…
I don’t understand this formulation of “no one will be relocated.” People have agency to move themselves. Maybe not everyone, but if the majority of folks started moving out due to the risk of flooding then that would create a strong impetus for the government to assist poor people in relocating.
Haha. I'm gonna guess you're not American.
Earlier quoted context omitted.
so, you're talking not about renters but about homeowners, and you're saying housing prices are up everywhere else except they are down in New Orleans? I'm not from NOLA so I'm not going to bone up on prices, but I do doubt what you are saying holds water.
why would someone buy buy a house if they think it's literally going to be underwater soon?
Earlier quoted context omitted.
There's precedent: https://www.newscientist.com/article/2140747-laws-of-mathema... > “The laws of mathematics are very commendable, but the only law that applies in Australia is the law of Australia,” said Turnbull [the Prime Minster of Australia]
Was he wrong? That sounds like it was about some sort of mandatory-mitm scheme or ban on e2e encryption. Like, yes, you can pretty easily make it impossible for the government to decrypt your bits, but the government can just as easily arrest you for it.
Earlier quoted context omitted.
> For one, if you own property there, you’re basically either caught holding a bag with life changing amounts of money lost, or trying to pass it off to another sucker which just feels unethical. every day you wait this gets worse and I am not sure what is unethical about selling a home. many people have to move (e.g. for work) but if it would put you mind at ease (ethically speaking) you can put a disclaimer on the…
Yeah. There's a market. If there are enough buyers for the market to function normally, then there are enough people trying to get in that one more house won't make much difference. I mean, yes, in your seller's disclosures you should tell the truth, including about the flood risk. If people want to take that, eyes wide open, I'm not sure what's unethical about selling to them.
That could grow even higher if they think of an interesting and unusual solution for sea level rise.
How about a floating city of some kind? Alternatively, go in the other direction and rebuild the city underwater.