Water front property

[SLADE]

Does water front property have any value going forward?
Does land that has flooded have any value going forward?
I know It's what ever people want but to me it has little worth.
I do have coast property but not at flood level.

 

[Amish Heart]

Well if you don't pay cash for the property, you would pay thru the nose for flood insurance, if it's in a flood area.
People that believe in man made global warming absolutely should not buy waterfront property.

 

[Pearl]

I think waterfront property will always have value! People want it!!

 

[SLADE]

Should people get a bailout when they put themselves in harms way?

 

[Pearl]

Should people get a bailout when they put themselves in harms way?

I don't think so! But there are SO MANY who live in such places!

 

[elkhound]

southern appalachians are a long way from coast..but yet they got pounded to death the other day.

 

[SLADE]

southern appalachians are a long way from coast..but yet they got pounded to death the other day.

Many live on the river. Floods happen where I live and the rivers wipe out the old mill towns. Then everyone talks about rebuilding.
Why?
The Towns are now saying no to the buyouts. Floods happen too often.

 

[Mountain trapper]

I don't believe anyone should be responsible to bail anyone out who loses their property for any reason.

 

[SLADE]

I don't believe anyone should be responsible to bail anyone out who loses their property for any reason.

I tend to agree but if your land is taken by the powers that be, you should be well compensated.

 

[zoomzoom]

I don't believe anyone should be responsible to bail anyone out who loses their property for any reason.

Isn't that what insurance is for? I pay a lot. Had my first claim in 40 years of home ownership this year when a tree crushed my building. My premiums over the year are still more than what I had in damage.

As for coastal or other places that get water damage, I could be persuaded to agree to an insurance 1 TIME payout. After that, you're on your own.

 

[UserNameTaken]

I sure hope it's worth a LOT. Just waiting for the "Big One" to hit Cali. I have my boat dock all ready at my future ocean front property in Arizona. We're gonna be rich!

 

[DrHenley]

Some floods are predictable and you shouldn't build a house where a predictable flood could occur.
Nobody knew this was even possible, let alone predictable.

 

[Mountain trapper]

Isn't that what insurance is for? I pay a lot. Had my first claim in 40 years of home ownership this year when a tree crushed my building. My premiums over the year are still more than what I had in damage.

As for coastal or other places that get water damage, I could be persuaded to agree to an insurance 1 TIME payout. After that, you're on your own.

Insurance is different than the taxpayer being forced to pay for someone else's property.

 

[Mountain trapper]

I tend to agree but if your land is taken by the powers that be, you should be well compensated.

Absolutely. Only its "fairly" compensated.

 

[Cabin Fever]

Not sure about OCEAN-front property, but LAKE-front property sells at a premium in Minnesota.