I understand what you're saying and I sort of agree but the problem is where do you draw the line.
I've got no problem with any development however likely it is to be sucked into the sea or river or lake or volcano or whatever, so long as the people who build there accept that the risk is theirs, not everyone else's.
The problem is, when their nice house gets washed down the river because they built too close to it then they bleat to the council that it's their fault for approving the development and they want compensation,

(this is them shouting, 'We want compensation!)
or the insurance company because they think it should be replaced by them, even though their policy excluded flood damage,

(We want compensation!)
or failing all that they bleat to the government for compensation.

(We want compensation!)
I'm bitching about this because Julia hit me with a thousand dollars of flood compensation tax because some idiots over in Queensland thought it would be ok to build on a low river bank, and somehow, apparently, that's now my responsibility and I have to pay for it.
On that basis, if I have to foot the bill, then nothing is ok if it has the slightest possibility of being washed away.