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American coastal houses face erosion and dwindling home values (Original Post) BlueWaveNeverEnd Jun 2024 OP
I'm curious about why the topic of.... Think. Again. Jun 2024 #1
Insurance companies wouldn't like that EYESORE 9001 Jun 2024 #2
This has been known for over 50 years ... why are houses still being built on these coastlines? FakeNoose Jun 2024 #3
When they had to move the lighthouses that should have been a clue, don't ya think? twodogsbarking Jun 2024 #4

Think. Again.

(17,955 posts)
1. I'm curious about why the topic of....
Wed Jun 19, 2024, 05:00 AM
Jun 2024

...insuring these luxury vacation homes wasn't brought up in that report.

EYESORE 9001

(27,515 posts)
2. Insurance companies wouldn't like that
Wed Jun 19, 2024, 05:57 AM
Jun 2024

NBC gets too much in advertising revenue from insurance companies to say anything about premiums skyrocketing or even the inability to obtain it in the first place. They can’t ignore it forever, however, and guess who’s going to get caught in a very uncomfortable situation: Florida’s Governor. Then guess whose side he’ll take: homeowners or insurance companies. If a special niche category is carved out for the 1% of 1% who own the most expensive properties, I hope people mobilize against it.

FakeNoose

(35,668 posts)
3. This has been known for over 50 years ... why are houses still being built on these coastlines?
Wed Jun 19, 2024, 07:52 AM
Jun 2024

States need to ban any buildings within a quarter mile of the current coastline.
Insurance companies need to stop insuring these properties.
This is not a sudden disaster and these people should not be reimbursed for their losses.

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