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Won't those people have more money than the plebes who finance. I too thought the linkage was more implicit. Even if you have insurance covering everything, it'
by quantified 2y ago
Won't those people have more money than the plebes who finance. I too thought the linkage was more implicit. Even if you have insurance covering everything, it's a serious inconvenience to lose all your stuff and live elsewhere for however long while your neighborhood gets rebuilt.
- notatoad 2y agoThey have more money. Doesn’t mean they want to spend it on uninsurable houses - or at least, not unless the price of the house drops enough to make it worth their while.