COMMENT OF THE DAY: WHY IT PAYS TO RAISE THOSE FLOODED MEYERLAND HOMES
“Also, let’s remember that flood insurance pays out $250k for structure and $100k for contents max (and these Meyerland homes are pricey, so maxing out the payment is possible). So, paying $350k to raise a house to avoid a future claim is — long-term — a better use of money. Yes, the amount itself is a shock out of context. Yes, it borders on ridiculous that this is related to the 2015 flood. Yes, the tax base would benefit more from paying to knock down the house and build new million dollar homes, but this is a better solution than buying the properties and removing them from the tax base.” [travelguy, commenting on What Houston Will Spend To Raise a Few Floody Houses in Meyerland] Photo of 5150 Braesheather Dr., to be elevated: HAR