The good people of New Orleans are screwed.
The city is going to be an impromptu pool party for weeks maybe months. By that time, I would expect nearly every flooded house to be close to a total loss. Commercial buildings might be better off -- since their structural components aren't a buffet line for mold.
Does it make sense to rebuild?
Unless Lake Pontchartrain and the Mississippi are moved, New Orleans is a disaster waiting to happen. Oh, and New Orleans is below sea level, too.
Did I mention that the good people of New Orleans are screwed?
I am reminded of Sam Kinnison's rant about world hunger. The people of New Orleans need clean water, food, and luggage. Because only an idiot would rebuild a flooded house on a plot of land below sea level with not one, not two, but three, count 'em three large bodies of water next door.
I wonder what AAA and Samsonite are doing to help.