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The cure was worse

December 19, 2013

During one of the many financial crises manufactured by the Tea Party Republicans, they exacted a change in how flood insurance is funded....

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(86)

BillTriumph

Dec-22-13 8:52 AM

FEMA is over 9 Bil. in debt due to flood losses. Annually 30% of claims come from 1% of the insured properties as these are repetitive loss properties. $1.5 Trillion in property is insured and premiums are heavily subsidized. The cure was worse than what? Doing nothing at all? If the Obama administration had authored this it would be called the Affordable Insurance Act and families forced to buy it would be paying $1,000 or more a month just like they are now under the ACA.

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MimLogue

Dec-22-13 7:25 AM

***********nola****/politics/index.ssf/2013/12/house_wont_vote_on_flood_insur.html

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susquehannaretriever

Dec-21-13 1:21 PM

Thanks rmiller. WOuld love to get out now. But have this line of credit...believe me never again in a flood zone and I tell me kids every time it comes up DO NOT BUY IN A FLOOD ZONE when u buy a house!!!!

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rmiller

Dec-21-13 12:56 PM

Susque,

Your story leads to understanding more when it comes to all of us that make decisions that are not "out in the open" for discretion. I don't think you are stupid and that is something we were never allowed to call anyone when we were children. I would use the words, hasty or impulsive and add to it out of necessity for economic and "local" govt. demands. If we all had hindsight 20/20 .... We have thought about moving recently, but avoid with a plague flood areas because of the cost figures. You were younger and as you put it, thought you could manage. Now, perhaps....many are asking the question why you just don't make every effort to get out. Leave this fight to someone else. Haven't you had enough? You and I both know the govt. squeeze that is all but a losing battle for most.

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VinceKnauff

Dec-21-13 6:21 AM

USA - Is (was?) your daughter in the military in a medical field?

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USABorn

Dec-21-13 5:59 AM

Vince..........I'm sure you do know me. I lived on out the road from you, about a mile. You went to school with my daughter.

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susquehannaretriever

Dec-21-13 5:19 AM

we were shown in Muncy, now that our kids were in HS we didn't want to move into another school district, were dumps that would need gutted and start over. Again now I wished we would have but I did not know these changes were coming. We made a decision to do renovations, add a bath, etc. and took a line of credit. Re-purchased flood insurance.Oh by the way in the meantime we had been flooded, basement only, about 3 more times.FIled no other claims. And here we are.I didn't move here 23 years ago for the beachfront view, for the marvelous location, for the rapidly increasing home values, etc. I did it out of necessity or what I thought was necessity at the time. There is a story behind every home/family in the local flood zones.And please remember these are not just buildings, flood policies, claims, these are mothers, fathers, kids, families, neighbors, people. Right, wrong, stupid in your view for living in a flood zone, whatever.

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susquehannaretriever

Dec-21-13 5:11 AM

intent on making the best of our situation. Our plan was to fix it up (and it needed alot of fixing), sell it and move up w/in a couple of years. That was in 1990; fast forward 6 years, 1996, and we were flooded for the first time. Lost a furnace & hot water heater. Adjuster from FEMA came out, said we should not have a problem, we were covered and filed paperwork. A week later received paperwork that stated they were only paying us $500 and listed deductions because they said we did not have enough coverage. I called a FEMA office in Hsbg. & argued with a rep. for almost an hour. SHe finally stated they would cover it but we would have to up our coverage. Added a 2nd floor to our ranch house, moved all utilities upstairs. Upped our flood insurance coverage. Children came along and we ended up not moving. Hindsight is 20/20, should have but for various reasons we did not. Paid our mortgage off, early I might add, and finally started searching to move. The homes that w

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susquehannaretriever

Dec-21-13 5:03 AM

rmiller, thanks for your comment. What "drew" me to my house? Let me give everyone the sequence of events that caused my wife and I to buy this home 23 years ago. I had just finished the municipal police officers academy in Wilkes-Barre. I had been hired for my first law enforcement position by Muncy. The only place we could find to rent reasonably, and would allow us to keep our 2 dogs, was in Montgomery so we lived there on Broad St. A week after I was on the street, Muncy Boro Council sent us a reg. letter stating that unless I moved back into Muncy in a month, I was fired. If I knew then what I know now I would have hired an attorney and fought it. I was young, inexperienced, and didn't want to lose my first police position. So....we started the hunt in Muncy. Everything was out of our financial reach until we were shown this home. It was in the flood zone but it was what we thought we could swing at the time. So we bought and purchased flood insurance. We were

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rmiller

Dec-20-13 10:14 PM

Susque,

A question remains without sounding calloused. There is a reason people buy homes in certain areas. Sometimes for scenery, some for local shopping convenience/school districts, lower property taxes, relative connections/whatever. Something drew you to your choice. I do sympathize losing a home, my husband and I just lost ours four years ago to foreclosure....lots of things went wrong. Ultimately, however we purchased the home because of the nice area and it wasn't far from the city, but far enough. Again, it was a choice.

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susquehannaretriever

Dec-20-13 7:22 PM

Hi Mike. Not a far left liberal at all. I honestly consider myself a moderate...I think all of "them" are the problem. I guess my biggest problem is the short time period they gave people to adjust to all this. NO ONE and I mean NOONE was forwarned that the rates were to going to explode like this. If they had come out and said "hey you got 2 years to get ready for this" my wife and I could have budgeted, done mitigation W/ OUR OWN MONEY, etc. THis was done overnight/in a month's time. SOrry if I got nasty but believe me we are ALL stressed. It may appear to be our own fault for living here, but it does not make it any easier. Anyhow take care, have a great holiday.

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mikekerstetter

Dec-20-13 4:41 PM

Yeah, Jeff, I figured it out. Not hard to believe that we got along, we never talked politics.

But I figured out a while back from reading your LTE's that you strayed to the far left and our political views are way opposite. Hence your anger at my not wanting to pay a share of the other $8500 of the flood insurance you are required to carry. I can emphasize with you, I really can. I'd struggle to come up with that kind of money. But you took the risk buying a place you knew was in the flood zone and had flooded in the past.

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susquehannaretriever

Dec-20-13 3:20 PM

Just a quick comment and request. ALot of you like to make this political; I know it involves politics and that you cannot escape that. But if you can refrain from useless comments about*****republicans, stupid libtards,etc., etc., it would help. Those of us that are highly affected by this insanity don't care if those that passed it, those holding up the legislation to delay this, etc. are democrat, republican, independent, communist, liberal, conservative, etc....could care less. Don't judge us for living in a flood zone, if you think we deserve the higher rates just don't comment. Most of us are under enough stress, can't sleep, worried about losing our homes, ruined credit, etc. If you can't suggest a positive move or suggestion to help, don't pile on more negativity. THANKS, Merry CHristmas everyone.

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susquehannaretriever

Dec-20-13 2:47 PM

Wow Mike, little slow are we? Let's see I said I was a local cop, I know you from MOntgomery, my name is Jeff, I live in Muncy...does not take a rocket scientist to figure it out. I thought we always got along but from your nasty, ignorant comments on here can't imagine how. I owe money to a credit union for renovations I did to my home, therefore flood insurance is required. rmiller that $25,000-30,000 is if I have to elevate my home. I have already done renovations with a line of credit. Had I had a crystal ball and knew this was coming I would not have done those renovations, but I guess I am not as brilliant and far seeing as the rest of you. anyhow done commenting on this.I cannot keep up w/ people who care so little for others and who are holier than others. Merry Christmas everyone

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mikekerstetter

Dec-20-13 12:50 PM

susquehannaretriever-"mike, not hiding anything...and if you did not have flood insurance, as I believe I remember you saying you fought having it and then squirmed out of it, then so much the better for you. This is Jeff, the one that you continually tell "you're in the flood zone, tough luck." nice! I cannot wait until all of you that say that have something happen that you need help with...tough luck."

Well, Jeff (really narrowed that down didn't ya?), I did my homework. I didn't squirm out of anything. I got the EMA coordinator to verify, with records, that my house on Third street never flooded. The people who owned it before me didn't need it, so I asked why and went looking for answers and found them, and PROVED my house wasn't in the flood zone and thereby didn't need flood insurance.

I have to ask, if you built up and moved everything so you wouldn't have any claims, and your mortgage is paid off, who is forcing you to buy insurance?

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VinceKnauff

Dec-20-13 11:21 AM

USA - Yes, that is me. Do I know you?

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MimLogue

Dec-20-13 10:13 AM

This is not gonna fly too many people will go down, banks counties , politicians, too many people will feel the negative effect this just cannot happen, If you think the wave elevation people are gonna be put in a class s with all the 50k homeowners in jersey shore you are a fool.

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MimLogue

Dec-20-13 10:06 AM

r miller I bought this house in 1980 paid no flood insurance till the 90"s cause they changed the game on me, I have never had a claim I fix things myself dont ask for help from no one, although I did have losses of 28k in 96 I used my tax money and good friends and got people heat u r not a jerk but uninformed.

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MimLogue

Dec-20-13 10:03 AM

google it I can blame Pat Toomey, Marino voted for it Jeff Wheeland is twiddling his thumbs , this is a crisis. Mary Landau a woman is taking the bull by the horns. go Mary !!!Show some bipartisan support

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rmiller

Dec-20-13 10:00 AM

Mim,

Again.....choose where you live. Every choice in life has consequences. It's called responsibility. Taxpayers should not share in a burden that others bring on their own backs. This isn't about Republicans/Democrats. This is about responsibility, period.

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rmiller

Dec-20-13 9:57 AM

"elevating our house $25,000-$30,000"

Susquehanna, And, you can't afford to move?

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MimLogue

Dec-20-13 9:57 AM

This is what our delicate economy needs now, a kick in the chest while we are still down.Some people hate Obama so much they would sink the ship while they are on it..Pat Toomey is one of these obama haters! and he supports this flood hike.

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rmiller

Dec-20-13 9:55 AM

RealAmerican...

can you please guard some of your posts? Yes, we have freedom of speech, but*****is something we can pass, isn't it?

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MimLogue

Dec-20-13 9:54 AM

the actuaries figure in the 100 year flood plain u should be flooded once 100years, and 1.000$ x 100 years should cover your loses now 9,000 a year x 100 years 900,000 How many times is my house gonna be rebuilt to use up that kind of coverage r they nuts. They need to charge us what our loan repay back is as fire insurance does. Marino, Pat Toomey & and Jeff Wheeland are the problem here. Pat Tomey voted against putting it on hold, the dems are trying to fix this craziness.50% of the nation is in flood prone areas.I think the republicans are our modern day terrorist, sinking our country from within.

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farmer

Dec-20-13 9:15 AM

is silly.

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