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> I think it's pretty clear that they're going to have California tax payers bailout the system so that people living in the best real estate all of CA rebuild
by dataflow 2y ago
> I think it's pretty clear that they're going to have California tax payers bailout the system so that people living in the best real estate all of CA rebuild their homes in a place where people probably shouldn't be building in the first place
Fascinating (and thanks for sharing all that info), but I still don't see how this money would be coming from Montana residents.
- scoofy 2y agoMy understanding is that it entirely possible that the FAIR plan might be bailed out by the Feds.
- potato3732842 2y agoGod I hope not. That would set a terrible president. Every other state insurance plan would eventually start running itself in a "obviously insolvent but it looks sane if you squint and market it with the morals of a used car salesman" manner but they'd be fools not to if the feds are in the business of picking up the tab.
- scoofy 2y ago>That would set a terrible precedent. The existing precedent is the National Flood Insurance Program. https://en.wikipedia.org/wiki/National_Flood_Insurance_Program https://en.wikipedia.org/wiki/National_Flood_Insurance_Progr...