“We have these repetitive loss properties,” Hensarling said. “So for example, we have one property outside of Baton Rouge [Louisiana] that has a modest home worth about $60,000 that’s flooded over 40 times. The taxpayers have paid almost half a million dollars for it.”
Rather than restore properties affected by Hurricane Irma and Hurricane Harvey, Hensarling suggested to beleaguered homeowners that “God is telling you to move.”
“If all we do is force federal taxpayers to build the same home in the same fashion in the same location and expect a different result, we all know that is the classic definition of insanity,” he added.