Why should a home-owner or merchant invest in a flood-prone area of a city which is 12-ft. below sea Level?

Its all about how much risk your willing to take. I think your crazy to even think about it, but If you can get in cheap, and all works out, sell high and make your profit. just don't get caught with your thumb in the Dyke.

Maybe The Merchant of Venice?

Everybody does things for reasons. No telling why people buy such property.

some people think that cancer is something that other people get, and the same is true for many other disasters that we are exposed to.