Slow Learners

by wj

Sometimes, I come across things that just totally blow my mind. This, from the Wall Street Journal:

The federal flood insurance program has paid more than $1.8 million between 1979 and 2015 to rebuild a single house in Kingwood, Texas. The house has been flooded 22 times since 1979
H/T FiveThirtyEight

The house appears to have any number of up-scale features. Including an indoor swimming pool . . . even when it isn't flooded. This isn't some poor guy who just can't afford to live somewhere else.

I'm not sure who I consider the slowest learner here. The homeowner, who is only now figuring out that he ought to locate elsewhere. Or the Federal Flood Insurance program, which has been willing to keep sinking money into a property which is pretty clearly located on an utterly inappropriate site. (Our Federal tax dollars at work -- since, of course, Texas keeps taxes low and lets the rest of us subsidize them for stuff like this.)