Why is the government providing a “buyout” in the first place? If the government continues to underwrite every flood and other natural disaster we’ll be bankrupt sooner than later. It’s up to the homeowner to protect his/her property with insurance. If they can’t afford it or won’t pay, too bad.
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Why is the government providing a “buyout” in the first place? If the government continues to underwrite every flood and other natural disaster we’ll be bankrupt sooner than later. It’s up to the homeowner to protect his/her property with insurance. If they can’t afford it or won’t pay, too bad.