I bought my house in a very flood prone location on a sand barrier island 27 years ago. I knew going in that the house had previously been flood damage. It was a calculated risk. It bit me in the ass in Hurricane Sandy. It could bite me in the ass again this year and next year. You know going in if you have half a brain and any understanding of history that your nice beach town neighborhood could wind up looking like this. The 62 storm could happen again.