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Thread: Can we stop subsidizing beach houses now

  1. #11
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    Re: Can we stop subsidizing beach houses now

    Quote Originally Posted by Lord Tammerlain View Post
    After the flooding here in Alberta, any homes taking provincial assistance was told it was one and done for replacement at the same location. Quite a few homes were purchased outright and the land to be used for flood mitigation


    I can not understand why any federal insurance program in the US does not follow the same system. One use from flooding prevents any further claims for flooding for that property (attached to the land, not the structure). I can understand being forgiving for one instance of stupidity, but to encourage it is idiotic
    It’s because the federal government is so damn big, no one really has a handle on the checkbook, not to mention what a crying jag people get on when some department stops send them money.

    There is an old joke about the Department of Agriculture:

    One day a bureaucrat in that arcane agency notice a co-worker crying. He inquired, “Why are you crying?” His coworker said, “My farmer died.” It’s a bad joke, but the joke’s on us.
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    Re: Can we stop subsidizing beach houses now

    Quote Originally Posted by chuckiechan View Post
    It’s because the federal government is so damn big, no one really has a handle on the checkbook, not to mention what a crying jag people get on when some department stops send them money.

    There is an old joke about the Department of Agriculture:
    The insurance program really should be a state level program rather than federal.


    The US government controls a lot of things that in Canada are provincial rather than federal.
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    Re: Can we stop subsidizing beach houses now

    Quote Originally Posted by chuckiechan View Post
    True that you and I agree, a d probably our two could agree, yet in the immortal words of Ronald Reagan:

    "A government bureau is the nearest thing to eternal life we'll ever see on this earth."?

    We need to start purging these financial black holes.



    Here's Vilano Beach or as the locals call it, North Beach, in St. Augustine, Florida. This erosion has been going on for years and years. I lived there for 10 years on the little strip of land between the Intercoastal and the Atlantic. I loved it.

    Developers have overbuilt the hell out of it now. The once very laidback and semi-isolated freak community is no longer.

    I left not too long after they began to overdevelop the narrow peninsula bounded by the intercoastal and the Atlantic and the bay on three sides.

    Look at the houses on the beachfront. The tide wasn't at all close to the houses when I moved. Now, year after year, beachfront owners are demanding the county to do something to stop the damage. If you drive down A-1-A on Vilano you'll notice house after house on the beach with For Sale signs. And they can't sell them.

    I had the opportunity to buy one of the beachfront homes years ago. No way in hell would I ever do that. It didn't take an oceanographer to know where that tide was going.

    Now the county, St. Johns, has committed to spending 50 million dollars to attempt to stop the beachfront erosion.

    Insanity.

    Glad I'm no longer paying taxes in St. Johns County.








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    Re: Can we stop subsidizing beach houses now

    Quote Originally Posted by Lord Tammerlain View Post
    The insurance program really should be a state level program rather than federal.


    The US government controls a lot of things that in Canada are provincial rather than federal.
    I’ll forward them your post!
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    Re: Can we stop subsidizing beach houses now

    Quote Originally Posted by Geoist View Post
    I suppose that could be an upside for the businesses in those areas and their government reps. The rest of us shouldn’t really care as those consumers would just be living elsewhere contributing to those local economies.
    There's definitely a value-add to having beach communities, and if they were to fail it would have a big impact in areas where the tourism it generates is a large revenue stream. However, I think this is a business risk for all involved and we're at a point where coastal damage is frequent enough that we should look at not supporting risky private ventures with public funds. What this means for many urban centers in this regard will be a bigger question; Miami comes to mind since they're probably impacted the most frequently.

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    Re: Can we stop subsidizing beach houses now

    Quote Originally Posted by chuckiechan View Post
    Can we stop subsidizing beach houses now?



    Most of the hue and cry about “rising seas and newly created weather” is rich people trying to get tax payers to cover losses on their second homes. Few can afford coastal property, and most are uninsurable by the private sector. So who steps up to save them? The taxpayers. I say, end the program and let the beaches return to nature.

    A billion here, a billion there, and pretty soon you are talking about real money.
    Your source cites homes valued from $55,000-$115,000. This isn’t about rich people.

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    Re: Can we stop subsidizing beach houses now

    Houston and Baton Rouge don't have beach homes.

    Houston is 40 miles from Galveston.

    It's a little harder to estimate how far Baton Rouge is from the coast because most of the land to the south is a swamp, but it's roughly a little more than 100 miles from the Gulf.
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    Re: Can we stop subsidizing beach houses now

    Quote Originally Posted by Helix View Post
    Beachfront homeowners are generally rich, so it's good to subsidize them. It will trickle down to the rest of us.
    Only if we're downhill from the septic tank!
    (Good one BTW)
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    Re: Can we stop subsidizing beach houses now

    Lets use the money set aside for the jack ass's living in California on an earthquake fault line.We shouldn't subsidize them.

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    Re: Can we stop subsidizing beach houses now

    Quote Originally Posted by gulfman View Post
    Lets use the money set aside for the jack ass's living in California on an earthquake fault line.We shouldn't subsidize them.
    ....or the ones who live in tornado alley.

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