[californiadisasters] RE: FEMA: Caught Between Climate Change and Congress

A bit of a report from the eastern member of this group, 

FEMA flood insurance is a source of much discontent in coastal areas.  The new flood maps include a lot of areas not included in earlier versions.  Rates have gone up to a degree that has sharply reduced property values along the coast.  Coastal towns are looking at much lower tax revenue from the reduced tax base. 

I live far enough and high enough that I have no problems.  An elderly neighbor was trying to sell her house on the water and had a good offer.  When the buyer found out the new flood insurance rates would cost $30,000 per year the deal fell through.  She wants to move to a smaller one floor condo but can't now.

__._,_.___

Be sure to check out our Links Section at http://groups.yahoo.com/group/californiadisasters/links
Please join our Discussion Group at http://groups.yahoo.com/group/californiadisasters_discussion/ for topical but extended discussions started here or for less topical but nonetheless relevant messages.

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___