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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/my-thoughts-on-this-entire-subject-i-feel-that-if-30940581.aspx

Subject:  Re: What a kick in the face Date:  10/24/2013  7:27 PM
Author:  Donna405 Number:  126466 of 127811

My thoughts on this entire subject? I feel that if we decide to purchase a home in an area prone to flooding, we should be willing to pay the piper. I grew up at Virginia Beach, and I am certain the home now has a tremendous flood insurance premium. Then, my parents moved to Florida in a house not near a flood zone. However, the house was only 25 miles from the Gulf and was subject to hurricanes anytime one hit the Gulf.

Those who suffer damage in flood/wind prone areas, and who suffer severe damage but insist on rebuilding in that area should pay larger insurance premiums. Why should the taxpayers pay them? We are not in such a zone.

Donna
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