Home Forums Hunting & Shooting Hunter's Campfire Flood Insurance

The government would continue to subsidize them and their crops there as well.

If given a choice between subsidizing people that work and provide for society and those that only take, I go with the working providers.

.gov certainly wouldn't be trying to cut subsidies from middle class home owners and give the savings to the non producing would they?

Oh, bull crap. The BANK is required to have flood insurance on your property if they want to sell the loan. So the bank makes you buy the insurance for them.

The government then subsidizes your mortgage (through your mortgage interest deduction) and your flood insurance.

What a deal, eh? That giant sucking sound? That's you hanging on the government teat.

How about you don't collect your government subsidies and pay cash for the house? No flood insurance!

Your accountant must think you are a hopeless dumbass.

Actually - More flood zones = no closed mortgages without paying for flood insurance. It's another new tax, this one to people very unlikely to ever be flooded.

What I'd call an "agenda driven post". Can't tell if it's aimed at a principle or a person.

Which means it's pretty poorly written.

The bill to raise flood insurance rates was passed last spring (2014). Since lots of folks in La. are required to have the insurance, Mary Landrieu, (then a senator) who voted for the insurance raise, sponsored a bill to delay the rate increase until 2015, which put the increase after the Nov. elections. Mary Landrieu was up for re-election in Nov. and thank goodness she lost. In fact, she got her hinny spanked, 56% to 44%.

Even the POS in DC couldnt help Landrieu by delaying the obamacare fiasco. Earlier someone posted all the hikes in taxes, etc. that take effect this year. All these hikes were delayed until after the elections in order to try and preserve the democrap majority in the senate. This year the small businesses are going to have to comply. All we've seen so far is the individual compliance.

No fill in floodplain or no fill in floodway?

Flood plain

This is it. Just because the property is partially in, the house being out, the rates should be really cheap.

You may have to prove by survey the house is out though. And you may have to deal with freeboard which could change that...

Most of the new subdivisions around here (mine being 3-4 years old) have extensive provisions to control heavy rains - drainage canals and catch basins, plus the foundation of my house is probably 3 feet above street level. And the yard is graded to keep water from pooling around the house. I'm 60 miles off the coast; I can't imagine even a direct hit from a big hurricane actually flooding the place.

Why on a 3.5% loan, when my money earns more elsewhere and if that tanks I can default on the mortgage.

Government involvement in flood protection and prevention is a long standing cash cow.
1) People settle flood prone area.
2) People loss their ass in flood.
3) People demand government solution to stop flooding
4) Corps of Engineers builds flood control infrastructure that provides protection up to the 100 yr event because that is what is technically and economically feasible.
5) People become complacent and cities grow within former flood prone areas.
6) Flood patterns change (read increased frequency and size) due to widespread drainage improvements within watershed.
7) The really big one comes overcoming flood protection infrastructure, massive public and private property damage ensues.
8) The public cries government incompetency and does not assume accountability for personal decisions that carried risk.
9) FEMA shows up to hand out money and fix public resources so long as the fix meets fed standards.
10) The public and private infrastructure is rebuilt with heavy government subsidy.
11) Repeat steps 2 thru 10.

Do not know how to post links, but google John Stossel flood insurance and look at the fox news feed. Stossel built an ocean front house, and had it partially rebuilt twice, and fully rebuilt once on flood insurance. For a couple hundred bucks a year???? I had a chimney fire and a lightning strike ($6K combined) in a 3 year period and my homeowners went up 25%!

Check out my OP. Obama made more changes two days ago. All flood zone lines will go up (actually down) three feet and are subject to climate change speculation at will.

I had a few daily commutes from Kodiak to Attu (roughly 2700 miles round trip total), but the stewardesses (male AMTs) were always ugly. Made it in under 12 hours twice, had to RON at Shemya Island one other time...

Pat, I read the OP, I was just pointing out that the bill was actually passed last year and why the rise in cost is just now going into effect. The original bill had the price increase taking place before the elections and that was going to pizz off a bunch of Mary's voters.

I understand, but the EO, moving the goalpost, is from 4 days ago.

Yep, the POS is at it again!

I figure your required to have the insurance, living where you do, am I right?

We live far enough from the coast that we dont, but we do live by a lake and I figure its just a matter of time before they get us. Heck, this might be our nail in the coffin. We'll just wait and see.