...continues to fail. JWT sent this article on the bureaucratic delays that are keeping people in New Orleans from moving into their homes because flood insurance is taking too long to process.
Please tell me why the Feds are in this business? They know nothing that a private company does not; their subsidies lead people to pay too little to live in dangerous places; their paperwork keeps real estate markets from functioning.
Bottom Line: The government should NOT be involved in some markets, because it only screws things up.