Some of these people have been in these areas for generations. A twister, flood, earthquake are all pretty unpredictable. New Orleans was founded in the 1700's. One storm in 350+ years knocks it on it's butt. I think most farmers take on more risk than that? The chances of being wiped out by a storm in NO is a lot less than your chances of being wiped out in Las Vegas. I think in the long run NO will come back, maybe smaller, but they have some good things going for them.
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