2 ms·
Over the long term - probably. Today - there are thousands of families who have to decide whether to live in an uninsured home in a disaster prone area or spen
by paxys 1y ago
Over the long term - probably.
Today - there are thousands of families who have to decide whether to live in an uninsured home in a disaster prone area or spend a bunch of money/uproot their lives/move elsewhere/find a new job etc. I'm going to guess most will stick with option 1, because they cannot afford the alternative.
- neves 1y agoYou need to spend public money in this. Not just to save the banks.
- maerF0x0 1y agoThose families are suffering the effects of their choices. It could be that they rationally prefer the risk of devastation or the higher insurance rate, than living somewhere else. We should allow them the freedom to choose, without also subsidizing the choice.