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Except they tend to use only publicly funded maps or pull out all together. They're best informed not to take the risks. And when government has tried to upda
by cyanydeez 2y ago
Except they tend to use only publicly funded maps or pull out all together.
They're best informed not to take the risks.
And when government has tried to update flood maps, the citizens stop them because those maps level house prices to basically kill the value of homes and there's no socialist plan to ensure they move out. Instead nothing changes and insurance just either pulls out or waits for the end then stops covering.
It's mostly capitalism in action: bad choices to spend money into bad choices, because that raises the GDP via "rebuilding"