Maybe 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.

> The last person can currently only get the money if a disaster strikes and insurance pays out.

Usually there is no insurance.

The insurance industry, for all of its other faults, is one of the few left that still deals in reality instead of vibes so they aren't going to give you affordable insurance against floods/hurricanes/etc in these areas with any real coverage.

> only get the money if a disaster strikes and insurance pays out.

People in New Orleans have affordable flood insurance?

>if you own property there, you’re basically either caught holding a bag with life changing amounts of money lost

but notice people can gain life changing amounts of money by lucking into real estate that soars, but there's no sense of injustice.

if you allow people to take risks and reap the benefits, but shield them from loss, you end up with a subprime mortgage crisis all over again.

if people wanted to be protected from loss they should have to sign up on the front end to risk pool with other people who want to be protected from loss, and together they can protect each other by limiting gains jointly

Yeah. There's a market. If there are enough buyers for the market to function normally, then there are enough people trying to get in that one more house won't make much difference.

I mean, yes, in your seller's disclosures you should tell the truth, including about the flood risk. If people want to take that, eyes wide open, I'm not sure what's unethical about selling to them.

> If you’re genuinely that poor, moving is cheap. Abandon the implied worthless property, catch a greyhound out of town.

When you're genuinely poor, your local community is a critical survival tool that can't be discarded. You've spent your whole life building a set of relationships through mutual help. When your car dies and you can't afford to go to a mechanic, you have a friend of a friend who can fix cars who owes you one since you helped replace his fence a few years back. That kind of thing, but every day, in a hundred ways.

Throwing that out to move to a city where you have nothing is a great way to end up homeless.

If you’re genuinely poor then moving is cheap when viewed by someone who isn’t poor.

Moving as a renter isn’t free. You’ll need to come up with a security deposit and coming up with two months of rent at once is not easy. Your slumlord landlord is going to keep your old one regardless of merit or law, so don’t think you can use that money. Convincing a new landlord that you’re a good risk is also not going to be easy when you’ve just moved and don’t have a job, so you’re looking at spending on a hotel for a while unless you’re lucky enough to know someone well enough to couch surf.

You are wildly out of touch

Move with what money? And go where? If they have property, sell to who, exactly? "Instant" lol.

Gently, you talk like someone who's never even been broke, let alone been poor.

>Why do people have these blinders where they can’t view any issue except from the perspective of the minority of people who don’t have any resources

I believe its because these people are young and repeating what they hear or they are old but have lived an insulated life and assume that people really cannot handle any upset in their life.

It’s not about being unable to view the issue except from that one perspective. It’s about having an aversion to mass suffering, and recognizing that this group will be subject to it.

You’re basically saying, why are you so worried about all of these people who will have their lives destroyed when there are a bunch of other people who will be totally fine? I hope that when it’s put that way, you can see how ridiculous it is.

Because, friend, a lot of people believe climate change is a lib conspiracy theory.

And people bring it up because a lot of folks in New Orleans couldn't afford to flee Katrina and 700 people died. It was kind of an enormous humanitarian disaster. If we don't talk about it, nothing will happen to stop it.

I 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.

I wonder if there are any good ballpark estimates out there for what this would cost

I like it!

why would someone buy buy a house if they think it's literally going to be underwater soon?

They can just sell to Aquaman.

> Society fucked up

Like clockwork ;)

All that rage is going to burn you up kid.

New Orleans is extremely blue. They're the ones having their rights stripped away by the rest of the state.

You're part of the problem here.