The endgame will increasingly consist of the government becoming the insurance company. California's FAIR plan is a canonical example. You really don't even n

The endgame will increasingly consist of the government becoming the insurance company. California's FAIR plan is a canonical example. You really don't even need climate change. It's enough that flood-prone towns have increased in population over time with the less desirable land (ie. lowest) built on last. Natural cycles are enough to cause things to get sporty. I think that a big part of the problem, aside from the huge percentage of net worth people have to dump into homes (they're hard to simply walk away from) is the time periods involved. You know darned well that wildfires are going to happen, the Hayward fault will cause an East Bay Boogie, 17 feet New Orleans levees will see 18 feet of water, but people will still build there and underspend on disaster prevention. Typical human planning horizons don't mesh well with things that occur every few decades.