Somebody's beach house just took a million dollar price reduction

Which would reduce its value to somewhere around zero.



This is from the Owen Sound Sun Times today. Maybe the latest round of flooding will wake up the people who are supposed to do something about this.

But what are they going to do? Municipal governments are taking a beating as never before. Tax revenues will be leaner than before. Therefore spending will be curtailed.

It's not complicated to reduce water levels in the Great Lakes. You let more water out. The spigots are in place. We just need to convince the politicians to open them up a little more.

Those are not local politicians, however.