I am upset that people have lost their lives and property. However, I am not upset that Mother Nature is reclaiming property that should never have been built upon in the first place! The fact that Texas (and the US for that matter) are not willing to continually spend money to shore up properties built in flood plains and other disaster prone areas is a good thing and should be applauded.
That said, government should be obligated to inform developers of the risks of building in a particular area. And, developers should be obligated to inform buyers of those risks whenever a property is being sold. In fact, the risks should be codified in the deed or rental contracts.
Let's stop building in danger zones and expecting government bailouts when disaster strikes.
Let's see: Americans kidnapped and murdered in Israel. Has the State Department issued a travel advisory warning Americans about the dangers of traveling to Israel?