3 ms·
Unless you short the property. Essentially, sell it now on the bet that it will drop in value later. Then it burns down and you repurchase the vacant lot and r
by sandworm101 5mo ago
Unless you short the property. Essentially, sell it now on the bet that it will drop in value later. Then it burns down and you repurchase the vacant lot and return the property to the original owner.
Evil, but most everything in real estate is evil.
- emsign 5mo agoAnd that's exactly the problem with Polymarket and such, it gives an incentive to be destructive because that's easy. Entropy is easy. With an insurance this trick won't work, because the insurance company will notice what you are doing. Polymarket doesn't care.
- WinstonSmith84 5mo ago> With an insurance this trick won't work, because the insurance company will notice what you are doing This has worked well millions of times (and occasionally failed too with people ending in prison or with huge fines). Where I can agree however is that Polymarket makes that much easier.
- stressback 5mo agoI don't think any corporation "cares" about social issues, but, fwiw, polymarket isn't as ok with it as you imply. Polymarket reportedly detected the suspicious behavior, reported it, then worked with investigators to nab Gannon Ken Van Dyke.