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I think the solution is that people and cities buy insurance. Disaster insurance for a place that only floods once every fifty years will be much cheaper than f
by jaredklewis 10y ago
I think the solution is that people and cities buy insurance. Disaster insurance for a place that only floods once every fifty years will be much cheaper than for places that get yearly hurricanes or earthquakes, for example.
It makes sense that the cost of living in dangerous places be built into the cost of living there, instead of being actually encouraged with free government money.
- sjg007 10y agoNo insurance company will offer it because it is too risky. Also you would need a mandate for everyone to buy it. It'll be a FEMA thing if anything and yes I would guess that Congress will authorize bailouts especially for wealthy landowners who donate to their campaigns.