Property insurance rates are an effective deterrent, if allowed to function. It's FedGov that offers subsidized volcano insurance.https://twitter.com/matthew_d_green/status/906681123794800642 …
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Honestly, how do people get this so backwards? It's not the market's fault we have overbuilt flood plains, it's NFIP.
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Replying to @St_Rev
That said, there *are* ways to build in such areas and not have your house washed away, or drown. But you can't do it with a city.
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Replying to @chotiari
Yeah, and a healthy property insurance market takes care of that, too. "Do XYZ or we don't underwrite you, do ABC and get 20% off your rate"
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Replying to @St_Rev
It's not just us, though. People are living on the flanks of Vesuvius again, in huge numbers. With no way to evacuate, really, at *all*.
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If the risks were priced into the rates correctly, you'd have fewer people living in the most dangerous zones, thus less to evacuate.
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.