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From 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 10
by somebodythere 7y ago
From 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.