re: The changes being proposed for flood insurance would be a big hit for the gulf coast

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In the long run it will lead to the banks not giving out loans for flood prone areas, thus, making it only viable for someone wealthy enough to just buy the property. This will lead to lots of vacant and abandoned areas.

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Government - We encourage home ownership
Also the Government - We will make it almost impossible to buy a house in thousands of communities.

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You cant change the rules in the middle of the game and render thousands of peoples property worthless.

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so Feds should just keep throwing good money at bad because it’s afraid to pivot ?

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That doesn't just affect properties that flood four times. In the long run it will lead to the banks not giving out loans for flood prone areas, thus, making it only viable for someone wealthy enough to just buy the property. This will lead to lots of vacant and abandoned areas. I'm not against that necessarily though. Have enough money to build and rebuild on your own, build it well enough the first time that a significant flood doesn't destroy it, or don't build there at all...seems like common sense. However, that's not just an easy step to jump to for all existing structures.

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I agree with this. I also see, as you said, the difficulty of applying this to houses that have been flooded many times. I mean my house flooded in 2016 and after I fixed it we sold as soon as we could. I could see the writing on the wall and if you are paying attention to homeowner's insurance right now and the hurricane toll, this whole area is fricked, not even just the flood prone places. The potential blight would be horrific, but I can't see any other endgame.

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Insurance is a scam

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It’s certainly a Ponzi scheme

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Since April, it seems like almost all the flood ratings are 8/10 and 9/10. I don’t know if this has anything to do with the new flood ratings, but I’d be surprised if they didn’t.

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Yes. My property in Denham that I sold was listed as a 10/10. It is not in a flood zone and it only flooded in 2016. I surmised that if it ever flooded again, I would never be able to get rid of that property. I know it would mean the Amite would have to get to 44 feet, but I never thought it would get to 46 either.

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Flood insurance is a scam

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Wrote me a check for policy limits when Katrina hit

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I don't have a problem with this.

an insurer would not continue to write policies for someone that intentionally rammed other cars a few times a year every few years, so why should taxpayers foot the bill for clearly obvious loss risks?

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Like many of our nation's issues... the long term issues are fairly easy to deal with... but it's the short term consequences that are very rough.

If the NFIP decides to stop issuing new policies on existing properties... the value of those properties are going to crash. In most cases... that's actual people that will get hurt, badly, by that.

Before we go down this route... let's stop issuing new policies on new construction in those areas. That's a good start.

We need to have a real discussion in this country about the real costs and risks of where everyone chooses to live.

this shite isnt that hard, if you have flooded before or flooded twice....well frick do something about it. either raise your house or spend some of that insurance money on a fricking aqua dam.

the rest of the tax payers who built up shouldnt have to subsidize you because you refuse to spend the money they give you on raising the house or doing something about the issue.

i realize that people are flooding many times because of new development, clogged ditches, pump failures etc but 95% of houses that have flooded outside of Katrina had 3' or less in them, not hard or really that expensive to buy a 5' high aqua damn, a pump and a small generator to run it. if things start getting bad, simply lay it out and set it up. if water gets to the dam, fill the damn thing up.