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ITT: People who don't understand economic loss vs damage. Economic loss means anything not transacting is counted. Disney, Universal, Sea World closed for a f
by bearjaws 4y ago
ITT: People who don't understand economic loss vs damage.
Economic loss means anything not transacting is counted.
Disney, Universal, Sea World closed for a few days? "economic loss"
Joes house on the beach: "damage"
I don't have access to the article, but I imagine half of this amount is just the first category, since Florida is a tourism state.
That being said the government should stop covering beach front property, either get private insurance at a fair price or don't build at all.
- singularity2001 4y agohalf is still the same order of magnitude