Quote:
Originally Posted by Botnst
If you don't subsidize the rebuilding then people have to pay their own way. That way the risks are their own. If we ceased federally subsidizing flood insurance then we could find out what the market cost of insurance on a building below sea level in a hurricane-prone area REALLY is. If a prospective homeowner can float the loan and get the insurance, let him build. If he risks his own money, let him build. If he spends his own money and builds it himself at his own risk, let him build.
Subsidizing rebuilding neighborhoods and subsidizing flood insurance simple ensures that taxpayers will pay for it all over again sometime in the future.
And this folks, is why we don't want government running the auto companies or medicine.
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I wouldn't rebuild in NOLA if it was my place. But then it isn't. People get pretty attached to their life-long home and NOLA does have that cultural niche thing going which makes it hard for people to let go.
I don't think Pitt and gang are getting govt. help. Could indirectly lead to more, I'll agree. OTOH, making progress in affordable, effective housing is no mean trick. They designed these with flood survivability in mind, something that wasn't done with most all the original homes of course, beyond some small point.
Available living space is shrinking while population continues to climb. Coming up housing that can work in adverse circumstances in a worthy aim, IMHO.
And Pitt's project is way more real than most of the causes the Hollywood crowd gets behind.