No. of Recommendations: 3
Federal Flood insurance should pay to rebuild in the same spot only 2 or maybe 3 times but certainly not unlimited.
I tend to agree. But we know that a lot of wealthy people want to live on the beach, and they want their homes rebuilt every time they wash away. Florida, Malibu...doesn't matter. And whomever owns those properties in 100 years, they aren't going to want to take a bath on their investment. (pun intended) And they will likely have more influence than folks like you and me, unless we come to our senses and disallow unlimited campaign contributions (a.k.a. "bribes").
Albaby has said that he suspects the albaby-babies and grand-babies will have left FL by then. But they will have sold to someone, and that someone isn't going to want to eat a huge loss on Casa Albabia when it has 12" of water at high tide every day.
