Disposable domiciles

Popkin, James; Ferguson, Greg
October 1993
U.S. News & World Report;10/25/93, Vol. 115 Issue 16, p11
Discusses a 1988 law that encourages owners of erosion-threatened waterfront homes to demolish their habitable abodes and collect big federal insurance checks instead of moving them out of harm's way. Also reports on McDonnell Douglas who improperly billed the government for $3 million in photo-lab expenses. Theory behind the amendment to the National Flood Insurance Act; Percentage of affected homeowners who have chosen to destroy their houses.


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