VIDEO: Are Home Buyouts the Best Way to Help Hurricane Victims?
Amid a decade’s worth of New Yorker articles about Hurricane Katrina and its aftermath collected ahead of the 10-year anniversary of the natural disaster, the magazine published a short video report on the effort to incentivize residents of Staten Island, a place hit hard by Hurricane Sandy in 2012, into leaving parts of the disaster-prone borough.Amid a decade’s worth of New Yorker articles about Hurricane Katrina and its aftermath collected ahead of the 10-year anniversary of the natural disaster, the magazine published a short video report on the effort to incentivize residents of Staten Island, a place hit hard by Hurricane Sandy in 2012, into leaving parts of the disaster-prone borough.
One man who appears in the video says the buyout program won’t help him because the government is unwilling to pay the full value of the mortgage he holds on his property. Accepting the deal would make him homeless while keeping him in debt to banks by more than $150,000.
— Posted by Alexander Reed Kelly.
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