Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (58111)	1/2/2005 9:56:56 PM
From: Lazarus_Long	Read Replies (1) of 74559

Sometimes people get the idea (eventually). Where I am, building is prohibited on land with excessive slope. Of course, it took numerous landslides before that ban was put in place, but it happened. Flood insurance used to be private. Then, after numerous floods, private companies wouldn't issue it. So the feds went into the flood insurance business, issuing it on any land and buildings anywhere. Including known hazardous flood plains. Even federal bureaucrats are educable. Now there are areas where even the feds won't issue flood insurance. You build there, you take the chance. BUT you think having the gov't continue to extract money from you for bridges you've already paid for is a GOOD idea? Why not outlaw bridges? Then they won't be crowded.

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