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Without their offer, the market value of the property is zero. Who is going to buy a house that has no fire insurance and is currently on fire? Is a steeply dis
by ip26 8y ago
Without their offer, the market value of the property is zero. Who is going to buy a house that has no fire insurance and is currently on fire? Is a steeply discounted price really outrageous? They might perish in the fire, they might fail to save it. Firefighting back then was no sure thing.
Now, if two crews showed up and bid against each other, things start to get interesting.
- jopsen 8y agoIf two crews have to show up for a fire... That means higher prices because most of the time there is no fire, so they just sit around waiting -- more people higher cost. It also means it might be that nobody shows up, because it's a holiday, so nobody was on duty.
- ttoinou 8y ago> It also means it might be that nobody shows up, because it's a holiday, so nobody was on duty. Well surely public services are more incentivized to display this behavior
- tokyodude 8y agoPublic services are often incentivized to create more work to protect their jobs. Famous examples include whatever department was enforcing prohihbition in the 20s to find other things to prohibit when alcohol prohibition was repealed. In Japan it's common to see unneeded road work because if the entire budget it not spent it will be reduced.