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by fsckboy 5mo ago
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- 2ndorderthought 5mo agoHave you seen housing prices lately? It's insane for the average person especially if no one will be buying your home and you still have a mortagage
- fsckboy 5mo agoso, you're talking not about renters but about homeowners, and you're saying housing prices are up everywhere else except they are down in New Orleans? I'm not from NOLA so I'm not going to bone up on prices, but I do doubt what you are saying holds water.
- Rebelgecko 5mo agowhy would someone buy buy a house if they think it's literally going to be underwater soon?
- 2ndorderthought 5mo agoThank you for spelling it out.
- AuthAuth 5mo agoYou say this but there are still a lot of sales for houses in these areas
- 2ndorderthought 5mo agoKeep an eye on the sales number before and after this article drops. Something tells me it will not be going up.
- vintermann 5mo agoFor less and less, presumably? Or is the housing situation so bad that prices rise even when the area will soon be underwater? It doesn't even matter, really. Suppose one person follows the sage advice of the HN glibertarians, sells his house and moves out. Good for him. But does this solve the problem? No, because now there's someone else there. Possibly a more desperate, poorer person. They can't all follow your advice, no more than they can all be best in their high school class, run the fastest in the marathon, or being on the winning side of a prediction market bet.
- AuthAuth 5mo agoYes but I feel a lot less bad for the person who sells there house and moves now than the person moving in. Basically what I was trying to show is that the option is still available and people are choosing not to take it so can we really act like they're all trapped in this situation.
- deleted 5mo ago[deleted]
- roywiggins 5mo agoThey can just sell to Aquaman.
- kelseyfrog 5mo agoAquaman is going to have to buy a lot of homes.
- mort96 5mo agoThis is decent advice on an individual level. Despite the fact that you probably can't sell your doomed house for a lot due to the current situation, planning a move is probably a good idea for those who can afford it. But it's not really a solution on a population level. For one, if everyone sold their house because it'll soon be underwater, who'd they sell their house to? Aquaman? For two, a lot of people just won't be able to afford an expense like that. A large portion of the US lives paycheck to paycheck, and it's not easy to "just save up" a few hundred thousand when that means giving up on basic necessities.
- californical 5mo agoGenerally I agree, and we’ve known this for a long time but people stay in denial. It’s the same thing in Miami. Unfortunately though, the solution isn’t that easy. For one, if you own property there, you’re basically either caught holding a bag with life changing amounts of money lost, or trying to pass it off to another sucker which just feels unethical. For two, families and communities make it hard for people. Many rely on their friends and family as support systems. Elderly for example, may only have their family taking care of them and their poker night friends are the only ones they have left - if they go somewhere, that system becomes fragmented and people get left behind. Maybe you are the main caretaker of an elderly relative, so you can’t leave them behind, but if they follow you then they lose the rest of their network. I’m sure there are tons of other reasons but just knowing there’s an imminent threat at some vague point in the future is sometimes not enough for people to willingly go through all of the suffering that I mentioned above, and more that I’m not metioning
- foobarian 5mo agoSystemically, the problem is that there needs to be a last person, and yet people leaving expect market value for their homes which normally happens by selling to the next person. The last person can currently only get the money if a disaster strikes and insurance pays out. To do it ahead of schedule, insurance would have to pay out sooner, which means there would have to be some kind of government intervention to make it happen.
- tzs 5mo agoMaybe the state could make it so the last person is someone who has no plans to ever leave, such as an elderly retiree. It could work like this. • The state identifies neighborhoods that will need to be abandoned in a few decades and puts them in a program to turn them into retirement communities. A person who owns a home in such an area can sell it normally if they want to anyone who will buy. • If an elderly retired person is interested in a property in that area they have the option of instead of buying it themselves from the seller having the state buy the property, and they then pay the state. The state gets title to the property and the retiree gets the right to live in it until they die. • If the retired person wants to leave before they die (or has to leave because they can no longer live on their own or the time has finally come that the property must be abandoned), they are offered free room and board for life at a state managed assisted living community. • If they left for a reason other than that the property has to be abandoned the state opens it up to another retired elderly person on the same terms. The new person pays what a similar property in a place not under threat would sell for, and they are now set for housing for the rest of their life as long as they stay there or transfer to state managed assistant living. • To further make these properties attractive to elderly retirees the residents should not have to pay property taxes and utility rates should be capped. Maybe also toss in a free shuttle service to minimize the need for cars so people don't have to leave just because they are no longer able to drive safely.
- estearum 5mo agoThis is why the federal subsidies for flood insurance need to end
- acdha 5mo agoWe should have a one-time buyout for flood zones: pay someone enough to buy a median home somewhere similar and turn the land into a nature preserve (let mangroves return to protect Florida coast, etc.). Put a cap on it so we’re not buying new mansions for a few rich people with beach houses but otherwise keep it simple so people aren’t impoverished into becoming a drain on society. I have no expectation that we’ll be willing to invest in our neighbors, though.
- estearum 5mo agoI like it!
- phainopepla2 5mo agoI wonder if there are any good ballpark estimates out there for what this would cost
- fanatic2pope 5mo agoA couple of ballrooms. Maybe half an Iran war or a Venezuelan coup or two?
- ungreased0675 5mo agoI thought the government should have done this for all the beach houses that were destroyed by hurricane Sandy. Buy people out and prevent a house from being built there ever again.
- quickthrowman 5mo agoAgreed, building on a flood plain is incredibly stupid. The city of East Grand Forks demolished all of the buildings in the flood plain portion of town after the 1997 Red River floods and turned it into a park. https://en.wikipedia.org/wiki/Greater_Grand_Forks_Greenway https://en.wikipedia.org/wiki/Greater_Grand_Forks_Greenway
- doug_durham 5mo agoAnd how exactly will someone do that. Many of the people living in the impacted area are below the poverty line and living paycheck to paycheck at best. How are they supposed to put together funds to relocate. Especially if their property is worth nothing. The minority of people privileged enough to be able to relocate will do that. The majority are stuck.
- alex43578 5mo ago[flagged]
- hackable_sand 5mo agoYou are wildly out of touch
- lioeters 5mo ago"Catch a greyhound out of town" is the "Let them eat cake" for the poor and homeless (sorry "unhoused") of New Orleans. Empathy is for the weak, said the oppressor.
- alex43578 5mo agoBillions have been spent rebuilding New Orleans once. Per the article, there's no realistic way to save New Orleans going forward. It's sad, it's unfortunate, it's reality. The poor and homeless of Louisiana are already receiving massive benefits: 4th in the country for the share of households on welfare, 18% of the population on food stamps, $14B+ in FY23 of federal dollars went to welfare/TANF/Medicaid/etc.
- ykonstant 5mo agoDamn, those poor and homeless are really living it up.
- 5mo ago
- chabes 5mo agoSell it to who, Ben? Aquaman?
- squibonpig 5mo agoEither this is ragebait or you're arrogant. Congrats on being a super smart hard worker or whatever you're so proud of. More interested in shitting on people to feel superior than understanding where they're at.
- neonstatic 5mo ago> but they won't Then they will look for someone to blame. The usual scape goats are the government and society.
- fmobus 5mo agoYou talk about "blame". Were they the ones that made the decisions causing the current ecological disaster? Society fucked up, and that fuck up is gonna affect a lot of people who are not able to move out. Some sort of bailout will be needed.
- neonstatic 5mo ago> Society fucked up Like clockwork ;)
- b00ty4breakfast 5mo ago[flagged]
- danaris 5mo agoNo, you are condescendingly proposing individual solutions to a systemic problem.
- vintermann 5mo agoIf someone sells their house in an area soon to be underwater, will you buy it? If not you, who? Aquaman? (Apologies to HBomberMan). The reason people don't move is that for the time being, they're much, much better off than if they move. Especially if they start moving in large numbers.
- Yizahi 5mo agoWhat an incredibly out of touch post. This gives off "let them eat cakes" classic. Do you realize how expensive is it to move out of your home? I won't write a laundry list of items here, since you either know all of them already or will dismiss outright with the same attitude. I do want to say is that social darwinism is not something to be proud about.