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They won’t have a capital advantage when all the homes they just bought up flood and now they’re out tons of money because they mispriced the insurance risk and
by whimsicalism 3y ago
They won’t have a capital advantage when all the homes they just bought up flood and now they’re out tons of money because they mispriced the insurance risk and self-insured.
- dv_dt 3y agoThe cap advantage is multiple - that a banks will lend them more, there is no insurance company profit margin, they can rebuild faster w/o that same insurance company approval red tape. With renters they can price up faster than individual incomes grow. But note that none of this fixes the core fossil fuel driver to the costs.