Guess I'll post here what I posted in the other thread.
So it says they'll pay for repair and rebuilding, but won't pay for damages from future floods on rebuilt homes, what about damages from future floods on repaired homes? Can someone choose to relocate even if their home was only repaired instead of needing to be rebuilt?
What does financial assistance mean for people who choose to relocate? If development is banned in those areas, and there's zero flood coverage available if one does rebuild in that area, the property value is going to plunge to a fraction of its former value. Does that mean the province will buy out their properties at market value before the flood?
What about condo owners? The condo board is repairing a property, can individual owners choose to relocate even if their property was on the Xth floor and wasn't directly impacted, but is impacted because they have to pay to have the rest of the building repaired, now not only are their property values going to plummet because development isn't allowed in the area, they are financially on the hook because there'll be no government assistance available going forward, will they even be able to take advantage of the relocation assistance?
Or could the board of an entire condo corp decide to relocate the entire condo, building a new one somewhere else?
Seems like a nightmare to me.
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Uncertainty is an uncomfortable position.
But certainty is an absurd one.
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