I'm really worried about BR post flood

Just talking to some people post flood, and seeing the games FEMA is playing right now, I'm really worried about recovery long term. I mean, there are people with $300k houses with $150k damage. People are looking at having to effectively take a 2nd mortgage on their homes. And then, you're pretty much stuck where you're at for 30 years otherwise you'd be paying the bill on a property you don't even own.

What's to stop a ton of people from saying to hell with it and walking away? And I wonder how it looks when you've got these huge areas where people are effectively anchored? If the BR economy takes even a small hit, you're looking at a population that can't be flexible. So you really have to look for jobs in your geographical area because you can't afford to move.

Sorry to ramble. This is just so different than Katrina. There was money flying into NOLA from almost day one. They couldn't send enough federal dollars. Hell it was almost a decade before the last federal grant construction project went out to bid. That's a lot of commerce committed to recovery.

And I keep hearing so many people say "Oh you live in south Louisiana you should automatically have flood insurance." Do people really not understand the magnatiude of this event? This could've happened in Nebraska just as easily as here.

Just really feeing bad for a whole lot of family and friends I've been helping to clean out houses the past two weeks. Hard to stay positive for people looking at some really tough decisions in their future.