The Camp Mystic situation raises the question of whether we can regulate our way out of newly risky situations. Given Americans' love of private property rights, that might be tough.
I think a good compromise is to not tell people where to live but to also not subsidize them, ie, no flood insurance. Flood insurance shouldn’t even be provided by the federal government as it just encourages people to live in flood prone places. If people want to live in such places they should be willing to take on the risk that comes with it.
I think a good compromise is to not tell people where to live but to also not subsidize them, ie, no flood insurance. Flood insurance shouldn’t even be provided by the federal government as it just encourages people to live in flood prone places. If people want to live in such places they should be willing to take on the risk that comes with it.