Yes, I know. I lived in Texas for more than twenty years. I have always thought this was unfair to sellers though.
OMG!!! @Ina I. Wonder , firstly thank the Lord you're safe....but secondly, I can hardly believe that only your house and another has survived out of 90 houses... OMG, I'm trying to compute that in my Brain. Have you got help?...do you have family who are checking on you and helping . You definitely need rest that's for sure, and I hope you can get your house dried out and the car is still working OK... OH my , I'm really upset you were right in the eye of it..I wish I was closer and could help!!..Thank God you're ok!!
They are talking about FEMA now, but one thing I haven't heard referenced to is; If you do have flood insurance, do you still file with FEMA? I do have full home owners and auto insurance, and that includes flood insurance. Anyone know if I should file with FEMA if I have already filed with my insurance company, which I did this morning, and I have home and auto insurance claim numbers. But of course I forgot to ask that question, and it took two days just to get to speak to anyone. So, ????, anyone.
I definitely see things different here Ken. To rip people off when they are already in crisis...is simply not right to me.
What happens to gasoline prices when the oil supply is down? How about gold or diamonds? If everyone were able to pick diamonds and gold up off the ground while walking along the sidewalk, would people be paying the prices they pay for gold and diamonds? When the supply is low and the demand is high, it stands to reason that the costs should rise.
From what I understand in this kind of crisis they can't rip you off on the gasoline prices either since the oil supply really isn't down.
From the pictures I have seen, not too many people have been driving and I doubt the gas stations are even open. Do you know what happens when government regulations don't allow a business to make a profit? If you've never owned a business, you might think it would be very nice if everyone gave everything away. But that's not very efficient. When there is an egg shortage, I expect to pay more for eggs in the grocery store.
I will never agree with that kind of reasoning Ken. You don't rip people off during a time of crisis.
The next time there's a drought and they want to charge me more for produce at the store, I'll explain that to them, that it's not nice of them to charge me more simply because the supply is low and the demand is high. I don't think that'll work though. No, instead they'll give me that nonsense about free markets, supply and demand, and the importance of profits in business.
Just caught up with this crisis and its so very sad to hear and see the images So sorry for everyone caught up in this
The shortages in this situation are because the stores cannot get their deliveries because of the flood waters. Not because there is a shortage of water or oil.
I hope people realize that commercial homeowner's insurance does not cover flood! People can purchase flood insurance from the government. Many or most commercial homeowner's insurance companies will administrate flood insurance for the government, ie- do the billing and process payments. Flood coverage is not automatically included in the personal homeowners policy. You need to ask for a separate policy. Agents for people that live in flood zones should advise them from the beginning. @Ina I. Wonder I'm glad you are safe!
@Ken Anderson , I think that the overall reasoning is that at the time of disaster, whatever price you paid for whatever commodity before the happening, can not be raised until you as a business purchaser purchase more supplies at a higher cost to your company once prices goes up after the happening.