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WSJ's profile
The Wall Street Journal
The Wall Street Journal
The Wall Street Journal
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@WSJ

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The Wall Street JournalVerified account

@WSJ

Breaking news and features from the WSJ.

New York, NY
wsj.com
Joined April 2007

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    The Wall Street Journal‏Verified account @WSJ Jul 18

    Jeremy Gundling didn’t have flood insurance when his home filled with two feet of water during Hurricane Harvey. He had to take out a loan to pay for the repairs. So did a lot of other Americans.https://on.wsj.com/2L46QoK 

    8:00 AM - 18 Jul 2018
    • 24 Retweets
    • 38 Likes
    • Ghaith altamimi Thapelo Tee Pee Mpomane Alicia Donnie P.Venugopal Rao Candyg Patti Conn Captain Barbossa andrew m kurtz Kingmakerspotlight
    12 replies 24 retweets 38 likes
      1. James Doyle‏ @priusjames Jul 18
        Replying to @WSJ

        I was a responder to Katrina/Rita, saw this happening. Gov’t offered SBA loans to individuals who had lost all equity in the flood. Corporate individuals went to the front of the line...more likely not to default on these predatory loans. The poor got way poorer.

        0 replies 0 retweets 1 like
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      1. marty kubalanza‏ @aznalabukm Jul 18
        Replying to @WSJ

        Their choice not to purchase a risk you take

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      1. Ellen‏ @lmnopual Jul 18
        Replying to @WSJ

        I know someone that didn’t have flood insurance and FEMA paid for everything. One time only, as I understand it.

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      1. Al‏ @alocke4454 Jul 18
        Replying to @WSJ

        That's their choice. They have no right to complain about having to take out loans. For every choice there is a consequence.

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      1. Cimarron Kid‏ @cimarron_kid Jul 18
        Replying to @WSJ

        Sad but the fact is I have had flood insurance for more years than I can remember even though I have never owned a house that was considered in a "flood zone". People trying to save just a few bucks especially since it is so heavily subsidized by the government is short sighted

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      1. Bodezaffa‏ @Bodezaffa Jul 18
        Replying to @WSJ

        Flood insurance is very cheap

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