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Good. A price is a signal wrapped up in an incentive. People should not live in disaster prone areas. And if they want to the cost for that should not be socia
by ralfd 1y ago
Good. A price is a signal wrapped up in an incentive.
People should not live in disaster prone areas. And if they want to the cost for that should not be socialized.
- CBLT 1y agoIt's not just an incentive to home buyers, it's a shift-left that will make it all the way to developers. Homes will only be built that are affordably insurable, whether that means better location or more disaster-proof construction.
- dylan604 1y agoGood. And the people that can afford to build to those standards would be able to afford to rebuild after a disaster instead of having to use insurance. As they say, "it do cost to live in paradise".
- acomjean 1y agoYeah. Though in the US flood insurance of last resort is oddly a government thing. https://en.m.wikipedia.org/wiki/National_Flood_Insurance_Program https://en.m.wikipedia.org/wiki/National_Flood_Insurance_Pro...
- criddell 1y agoI have sympathy for people living in a place where FEMA redraws the flood plain maps. They bought a home outside of the flood zone and with the stroke of a pen, their home is now inside the zone and can no longer afford to live there. A group in Houston sued the city there over something like this and their argument was that redrawing the map was an unconstitutional taking of the land.
- nemomarx 1y agoWhat do we do if the flood risk really has changed? A summer camp in Texas was flooded this year and had fought against their land being moved into a flood risk zone on the map. They were able to beat it in court but not in reality, and children died.
- deleted 1y ago[deleted]