STOP THROWING GOOD MONEY AFTER BAD CHOICES
I am a proponent of beach replenishment around the resort areas because I believe good wide beaches have an economic impact upon businesses who depend upon tourists for a living.
However I am an opponent to spending taxpayer money to protect private property located near or on the water; a waste of money and a losing cause against Mother Nature.
State emergency planners are hoping to tap a small piece of the $60 billion Hurricane Sandy relief package to help owners of 17 high-risk properties raise their homes onto higher supports, cutting future flood damage and losses according to a News Journal article.
Why? $1.1 million is for 10 homes where the water is up to their concrete protection walls; so they go on stilts, soon the water will cross over the barriers then under their homes; each year the water will crept further inland and the houses will be sitting in the water.
As much as I would hate to move from a water front view, to avoid losing my home altogether, I think I would accept a buy-out and move on. I don’t think staying should be an option; sell out or take the consequences, no more spending good money after bad choices.