Note 'nectors! This doesn't only apply to Sandy house. The Biggert-Waters Act of 2012 just allowed FEMA to redraw flood maps in a way that adds a significant number of properties to their high-risk zones, causing flood insurance rates to triple. If you live or own a business anywhere remotely close to a river better check FEMA's website to see if you've been drawn in or not. Our house is now as of 1 October unsellable thanks to Biggert-Waters. Lifting it up *might* be our best solution - at a cost of $50k I don't have.
I was talking to a friend who has a house near a lake and they have the same thing going on. With the recent remapping everyone is in the Flood Zone. There choice is lower the lake level in order to not have to worry about the big flood. Which is really not something anyone is real excited about because most lakes around here are about 15 feet deep to begin with. Lowing the lake makes the shore like look like a lifeless planet.