That title refers to me. I’ve been incredibly naive and gullible for too damned long.
When I first saw the NYT article on people who moved onto a flood plain and were then astonished to discover high water, I thought it was a funny human interest article. Since I thought that no lender would offer a mortgage on a home in a flood plain that didn’t include flood insurance, I was curious about the cost of a policy… so I tried to find out how much it would cost on the open market.
Imagine my surprise when I discovered that the only flood insurance offered is one based on a FEMA subsidized (100%) policy. If you peruse their website, you’ll discover how they train policy sales people and how to get in line to become a corporate welfare recipient of a program that’s sold as a social safety net.
A friend of mine expressed regret that he felt a little mean for thinking that maybe they deserved what they got.
No… what I think is mean, is luring ignorant people into taking risks that will statistically result in a benefit to someone else. A benefit that’s going to add to the debt that will only be paid by my (our) grandchildren.
What the heck is going on?