Miami too. The city is build on porous limestone. No amount of levees, seawalls, or dams will save it.
https://www.nbcmiami.com/investigations/miami-beach-resilien...
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Miami too. The city is build on porous limestone. No amount of levees, seawalls, or dams will save it.
https://www.nbcmiami.com/investigations/miami-beach-resilien...
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Yet those in the know keep building there. Weird isn’t it?
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.
Earlier quoted context omitted.
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.
Also why just flood risk? Is it unethical for me to sell my Condo which is in “up and coming area” which never upped and never came and has a very high crime rate (with/without disclaimer)? My friend lives in another area where schools are as bad as it gets, she is looking to move now, unethical to sell that too (with/without disclaimer)?
This sort of puffery is relatively minor and is thus not tremendously unethical, but it is unethical.
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…
Somewhere above sea level?
People should live wherever they want but is rude to expect others to be responsible for thei expectedly risky flooding, fires, earthquake, hurricane lifestyle.
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A greyhound to Atlanta is $75. It’s not nothing to someone on a minimum wage/fixed income, but would be attainable within two months by saving about a dollar a day. Keep in mind, that’s the “extreme global poverty” standard for countries like South Sudan. Sell to whomever - but again, what property do they have if they are so poor they can’t afford a $75 bus ticket with notice? It’s always a Schrödinger’s poor person…
You should go to St Roch or Treme and inspire the locals with your dynamism. You could even bring bootsraps!
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And how exactly will someone do that. Many of the people living in the impacted area are below the poverty line and living paycheck to paycheck at best. How are they supposed to put together funds to relocate. Especially if their property is worth nothing. The minority of people privileged enough to be able to relocate will do that. The majority are stuck.
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Moving as a renter isn’t free. You’ll need to come up with a security deposit and coming up with two months of rent at once is not easy. Your slumlord landlord is going to keep your old one regardless of merit or law, so don’t think you can use that money. Convincing a new landlord that you’re a good risk is also not going to be easy when you’ve just moved and don’t have a job, so you’re looking at spending on a hotel for a while unless you’re lucky enough to know someone well enough to couch surf.