|For Businesses Not In Flood Plain Insurance Is Very Costly|
|Uninsured Landlords Face Extra Challenge|
The bottom-line is life in Houston is about to be changed forever as the rains from Harvey have washed away any illusions that this may never happen again. Houston is prone to flooding and simply has no place to put massive amounts of rainfall. As far as all the money promised and flowing into the area from both government and different groups intent on helping those who have suffered a loss the fact is that when all is said and done it often gets diverted into a few pockets and not necessarily to where it will be most effective. As for the uninsured, I expect a "trickle down effect" will mean the pain is at least spread about. The financial burden will affect even those living far far away because as Americans we will be called to contribute to their plight through a huge disaster relief bill that may be near two hundred billion dollars.
Footnote; In a more recent article, I argue, aid is one thing but footing the bill for rebuilding areas prone to the ravages of storms such as Hurricanes Harvey and Irma are well beyond the call of duty. The article below delves into how much this might cost the average taxpayer.