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They're anticipating being able to socialize the losses. We shouldn't let them.
by jjoonathan 7y ago
They're anticipating being able to socialize the losses. We shouldn't let them.
- somebodythere 7y agoFrom an investment perspective, it probably makes sense to assume the losses will be socialized, because politically it's very bad optics to do nothing after 100,000s of coastal residents have their homes flooded.
- jjoonathan 7y agoRight, and even though today's beachfront property owners aren't the most sympathetic group, they can certainly sell to people better able to monetize our collective sympathy.