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April 23, 2014

One wonders why the government is imposing such high cost flood insurance to people who cannot afford it, when they could just provide a flood loan instead, with low interest, when needed....

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Apr-23-14 8:51 AM

If we’re going to continue assisting people, regardless of why they need help, the letter writer’s idea of low interest loans makes sense. A ruling requiring a second loan to be for demolishing the buildings and turning the land over to agriculture or park use would go a long way toward eliminating the flooding problem.

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Apr-23-14 8:05 AM

Kill the plan. Go back and get your money from all the previous handouts and leave the people alone. Why do liberals think they have to fix everything? American citizens are big boys and girls who can make decisions for themselves. You make the wrong one then take ownership. Leave these people alone and quit forcing them to pay for bad planning in the past. Katrina was unfortunate, but who builds a city below sea level and thinks nothing could happen? Poor choices.

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Apr-23-14 7:20 AM

They had to expand our map to cover the cost of rebuilding areas such a New Orleans every time a hurricane hits. So the money you pay for flood insurance does not stay here it is distributed across the country.

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Apr-23-14 6:45 AM

Had the government not started meddling in this 50 years ago, we wouldn't be in this situation.

If you drive a high end sports car, and race around like a wild person causing accidents and damage to your car, do you expect government subsidized car insurance rates?

If you are a free form mountain climber, scaling sheer cliffs with just your fingers and toes to help, do you expect government subsidized life insurance or health insurance (well, the health insurance is probably a given, but still)?

Texas is correct: get the maps right. Let private insurance companies assess the risk, and let the homeowners pay a fair premium.

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Apr-23-14 6:29 AM

FEMA did offer low int. loans thru SBA (not sure if they still do)They were hard to qualify for if you were low-moderate income or didn't have perfect credit.

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Apr-23-14 6:08 AM

The first step is to get the flood maps right.

After that, get the federal government out of the middle and let it up to the insurance companies and the home owners, mortgagors, and/or renters.

As for me, I would prefer to self-insure.

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