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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (326055)2/15/2007 7:06:47 PM
From: TimF  Read Replies (1) of 1576160
 
"The buyers don't have to look at flood plain maps. "

They should. I always do.

By "they don't have to", I didn't mean that they shouldn't, or even that its not a requirement before they buy (although it isn't an absolute requirement), but that they don't have to look at flood plain maps in order for the effect I was talking about (lower demand for such properties if the bailouts and subsides went away) to exist.

True some people don't have to finance, but many do. Also even people who buy outright, might be less likely to buy if they couldn't get insurance and they knew there would be no bailouts.

I'm not saying that in the absence of subsidies and bailouts such houses would not be built or occupied, merely that the subsidies and bailouts increase the number that are built.
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