FEMA may subsidize coastal sprawl in hurricane areas, since market rate insurance would be too high for most.
Why has there been an explosion of expensive housing all across hurricane country? Commentator David Helvarg says, "Ironically, the biggest driver of high-risk coastal sprawl is the Federal Emergency Management Agency." So, the feds assume the risk.
Thanks to Jason Burke
FULL STORY: David Helvarg commentary on FEMA and high risk coastal development
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