The Limits of Real Estate Buyouts as a Solution to Sea Level Rise Flooding

Many municipalities are using federal funds to buyout properties that are experience chronic sea level rise flooding. Buyout programs are initiated under the Federal Flood Insurance Program when officials estimate it’s costing more to the program to cover the costs of repair and rebuilding than to just purchase the properties and tear them down.

As with most sea level rise solutions, buyouts have their limits. In this excellent opinion piece published in Florida Today, Thomas Ruppert, Esq., a coastal planning specialists, discusses the problems faced by buyout programs, including an enormous expense to taxpayers, potential lawsuits from owners when cities and towns decide it’s too expensive to defend their property, and the risk that buyers and owners in coastal communities will come to rely on buyouts as a guaranteed solutions when their properties are inundated, when such a promise could actually bankrupt governments.

Author: Larry Richardson

Thank you for visiting my website! I'm an experienced and licensed drone pilot, photographer, videographer, real estate agent (voluntarily inactive), journalist and social media influencer. At my visual media company, Big Deal Media, I've used my skills to shoot stills and videos for businesses, real estate agents, private property owners, news outlets and event hosts. As The Step by Step Chef, I've published cookbooks and created hundreds of cooking videos for my website that have attracted over 14 million views. I'm an honors graduate of the University of Southern California's School of Journalism with years of experience in marketing, advertising, public relations and public affairs. I look forward to putting my knowledge and experience to work for you!

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