One of my students built a house four houses away from the beach in Nags Head (pictured at left), partially due to subsidized FEMA flood insurance. Thanks to Tropical Storm Ida,they are now one house closer to the beach. Three more storms like Ida and my student will own beach front property.
UDPATE: FEMA insurance offers $1million coverage for $2000/month.
If only I had kept my place at the beach!
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