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I think the economic decision making eventually trickles down from banks and insurance companies who actually do the math themselves and charge building-owners/
by cowtools 4y ago
I think the economic decision making eventually trickles down from banks and insurance companies who actually do the math themselves and charge building-owners/mortgage-owners competitively. It's sort of an continuous invisible hand.
- Retric 4y agoAt least for Bill he didn’t get a loan to build the addition or any insurance to cover flood damage. So such trickle down just shifts who builds in such areas but it doesn’t prevent people from living or building in them.